Price for Steel, Alloy; Ingots and Other Primary Forms in Switzerland - 2024
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Switzerland (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Switzerland (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Switzerland
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Switzerland
Price for Steel, Alloy; Ingots and Other Primary Forms in Switzerland (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $2,172 per ton, jumping by 24% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; ingots and other primary formses increased by +36.7% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 30%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($9,200 per ton), while the price for Austria ($2,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Switzerland (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $3,882 per ton, reducing by -5.8% against the previous year. Overall, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices attained the maximum at $7,209 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($41,903 per ton), while the average price for exports to Germany ($3,600 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 the UK (+62.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Switzerland
In 2022, the amount of steel, alloy; ingots and other primary formses imported into Switzerland was estimated at 3.5K tons, flattening at the previous year. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 128%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $7.6M in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 152% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 0.5 | 1.2 | 2.6 | 4.7 | 111.0% |
| Italy | 0.5 | 0.7 | 1.9 | 2.4 | 68.7% |
| Germany | 1.8 | 0.4 | 1.4 | 0.1 | -61.8% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 2.9 | 2.4 | 6.0 | 7.6 | 37.9% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Switzerland in 2022:
- Austria (2366.2 tons)
- Italy (1051.6 tons)
- Germany (54.6 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Switzerland
Exports of steel, alloy; ingots and other primary formses from Switzerland soared to 4.3 tons in 2022, with an increase of 33% against the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 125%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses soared to $17K in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 187%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.5 | 7.9 | 9.5 | 15.4 | 50.7% |
| Italy | N/A | 2.7 | N/A | 0.1 | -80.8% |
| France | N/A | N/A | 4.0 | N/A | 0% |
| Others | 0.9 | 4.7 | N/A | 1.3 | 13.0% |
| Total | 5.3 | 15.3 | 13.4 | 16.8 | 46.9% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Switzerland in 2022:
- Germany (4.3 tons)
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