Price for Steel, Alloy; Semi-Finished Products in Spain - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Spain (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Spain (FOB) - 2023
- Imports of Steel, Alloy; Semi-Finished Products in Spain
- Exports of Steel, Alloy; Semi-Finished Products in Spain
Price for Steel, Alloy; Semi-Finished Products in Spain (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $1,334 per ton in 2022, picking up by 13% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel, alloy; semi-finished products import price increased by +72.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. The import price peaked in 2022 and is likely to see steady 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 Austria ($3,876 per ton), while the price for France ($950 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Spain (FOB) - 2023
The average steel, alloy; semi-finished products export price stood at $1,941 per ton in July 2023, jumping by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($3,517 per ton), while the average price for exports to Italy ($1,449 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Spain
In 2022, overseas purchases of steel, alloy; semi-finished productses increased by 6.7% to 73K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump.
In value terms, steel, alloy; semi-finished products imports skyrocketed to $98M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Semi-Finished Products in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.4 | 7.8 | 22.2 | 37.6 | 199.5% |
| Italy | 34.0 | 28.6 | 30.8 | 32.1 | -1.9% |
| France | 19.0 | 4.5 | 2.1 | 12.5 | -13.0% |
| Czech Republic | 17.8 | 12.2 | 15.4 | 6.6 | -28.2% |
| Austria | 2.4 | 2.6 | 3.3 | 4.4 | 22.4% |
| Croatia | 3.4 | 1.8 | N/A | N/A | -47.1% |
| Brazil | 9.4 | N/A | N/A | N/A | 0% |
| Others | 9.0 | 5.3 | 7.2 | 4.8 | -18.9% |
| Total | 96.2 | 62.7 | 81.0 | 98.0 | 0.6% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Spain in 2022:
- Germany (35.9K tons)
- Italy (17.4K tons)
- France (13.1K tons)
- Czech Republic (3.7K tons)
- Austria (1.1K tons)
Exports of Steel, Alloy; Semi-Finished Products in Spain
In 2022, overseas shipments of steel, alloy; semi-finished productses decreased by -86.7% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 506% against the previous year. As a result, the exports reached the peak of 19K tons, and then contracted sharply in the following year.
In value terms, steel, alloy; semi-finished products exports dropped remarkably to $2.6M in 2022. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 569%. As a result, the exports attained the peak of $22M, and then declined rapidly in the following year.
| Export of Steel, Alloy; Semi-Finished Products in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 1.4 | 12.4 | 1.5 | 146.6% |
| United Kingdom | 1.7 | 0.5 | 3.4 | 0.7 | -25.6% |
| Italy | 0.1 | 0.2 | 3.1 | 0.2 | 26.0% |
| France | 0.8 | 0.4 | 0.4 | N/A | -29.3% |
| Others | 1.4 | 0.8 | 2.9 | 0.2 | -47.7% |
| Total | 4.1 | 3.3 | 22.2 | 2.6 | -14.1% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Spain in 2022:
- Germany (1922.6 tons)
- Italy (290.0 tons)
- United Kingdom (152.1 tons)
- France (29.5 tons)
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