Price for Steel, Alloy; Semi-Finished Products in Singapore - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Singapore (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Singapore (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Singapore
- Exports of Steel, Alloy; Semi-Finished Products in Singapore
Price for Steel, Alloy; Semi-Finished Products in Singapore (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $4,578 per ton, with an increase of 11% against the previous year. In general, the import price saw prominent growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $5,601 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 Japan ($15,154 per ton), while the price for Italy ($1,519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Singapore (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $3,853 per ton, surging by 16% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 60%. Over the period under review, the average export prices reached the maximum at $6,022 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($23,132 per ton), while the average price for exports to Malaysia ($1,871 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 South Africa (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Singapore
In 2022, purchases abroad of steel, alloy; semi-finished productses decreased by -12.8% to 392 tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 95%. As a result, imports reached the peak of 515 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, steel, alloy; semi-finished products imports dropped modestly to $1.8M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Steel, Alloy; Semi-Finished Products in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 507 | 805 | 1,085 | 943 | 23.0% |
| United Kingdom | 175 | 232 | 354 | 308 | 20.7% |
| United States | 384 | 189 | 57.9 | 180 | -22.3% |
| Japan | 74.6 | 233 | 60.6 | 105 | 12.1% |
| Italy | 51.5 | 58.4 | 96.5 | 83.9 | 17.7% |
| Poland | 18.5 | 49.8 | 81.8 | 71.1 | 56.6% |
| South Korea | N/A | 107 | N/A | N/A | 0% |
| Belgium | N/A | 143 | 2.1 | N/A | -98.5% |
| Others | 209 | 152 | 112 | 105 | -20.5% |
| Total | 1,420 | 1,970 | 1,850 | 1,795 | 8.1% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Singapore in 2022:
- China (216.8 tons)
- United Kingdom (67.7 tons)
- Italy (55.2 tons)
- United States (21.6 tons)
- Japan (6.9 tons)
- Poland (6.7 tons)
Exports of Steel, Alloy; Semi-Finished Products in Singapore
After three years of growth, shipments abroad of steel, alloy; semi-finished productses decreased by -10.5% to 81 tons in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 116% against the previous year.
In value terms, steel, alloy; semi-finished products exports totaled $310K in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 74%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Steel, Alloy; Semi-Finished Products in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 31.4 | 149 | 132 | 153 | 69.5% |
| Malaysia | 25.4 | 11.5 | 45.0 | 52.2 | 27.1% |
| United States | 7.5 | 2.0 | 39.4 | 45.6 | 82.5% |
| China | 74.0 | 1.2 | 20.6 | 42.3 | -17.0% |
| Australia | 26.1 | 1.2 | 12.9 | 17.4 | -12.6% |
| Vietnam | 4.0 | N/A | 43.7 | N/A | 230.5% |
| Others | 4.1 | 7.1 | 6.3 | N/A | 24.0% |
| Total | 172 | 172 | 300 | 310 | 21.7% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Singapore in 2022:
- Indonesia (33.8 tons)
- Malaysia (27.9 tons)
- China (15.0 tons)
- United States (2.0 tons)
- Australia (1.8 tons)
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