Price for Steel, Alloy; Ingots and Other Primary Forms in Indonesia - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Indonesia (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Indonesia (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Indonesia
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Indonesia
Price for Steel, Alloy; Ingots and Other Primary Forms in Indonesia (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $20,415 per ton in 2022, growing by 158% against the previous year. Overall, the export price saw a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($25,404 per ton), while the average price for exports to South Korea ($2,952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.8%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in Indonesia (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,855 per ton, jumping by 57% against the previous year. In general, the import price saw slight growth. The import price peaked at $2,079 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,830 per ton), while the price for Germany ($1,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Indonesia
In 2022, exports of steel, alloy; ingots and other primary formses from Indonesia shrank to 42 tons, waning by -13.7% compared with the year before. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. As a result, the exports reached the peak of 49 tons, and then shrank in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $858K in 2022. Overall, exports, however, continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 821 | 0% |
| Malaysia | 127 | 164 | 241 | 20.0 | -46.0% |
| Singapore | 29.5 | 71.2 | 121 | 15.1 | -20.0% |
| South Korea | 15.5 | 22.8 | 23.5 | 1.4 | -55.1% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 173 | 258 | 385 | 858 | 70.5% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Indonesia in 2022:
- United Kingdom (32.3 tons)
- Malaysia (5.1 tons)
- Singapore (4.1 tons)
- South Korea (0.5 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Indonesia
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses decreased by -30.6% to 312 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 5.9% against the previous year. As a result, imports attained the peak of 514 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses rose sharply to $579K in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 395 | 55.8 | 54.1 | 481 | 6.8% |
| Italy | 7.0 | 1.8 | 1.0 | 25.5 | 53.9% |
| Germany | 14.9 | 2.1 | 2.4 | 19.2 | 8.8% |
| Iran | N/A | 398 | 469 | N/A | 17.8% |
| Others | 42.7 | 5.3 | 5.5 | 53.9 | 8.1% |
| Total | 459 | 463 | 532 | 579 | 8.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Indonesia in 2022:
- China (262.8 tons)
- Germany (19.1 tons)
- Italy (16.1 tons)
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