Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia - 2022

Contents:

  1. Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (CIF) - 2022
  2. Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (FOB) - 2022
  3. Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia
  4. Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia

Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (CIF) - 2022

The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $4,949 per ton in 2022, which is down by -2.9% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 79%. As a result, import price attained the peak level of $10,126 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($19,966 per ton), while the price for Malaysia ($2,990 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (FOB) - 2022

In March 2022, the average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $23,689 per ton, standing approximately at the previous month. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in April 2021 an increase of 60% against the previous month. Over the period under review, the average export prices reached the maximum at $147K per ton in October 2021; however, from November 2021 to March 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Luxembourg.

From March 2021 to March 2022, the rate of growth in terms of prices for Luxembourg amounted to 0.0% per month.

Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia

In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia imported into Indonesia skyrocketed to 3.9K tons, with an increase of 31% compared with the previous year. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia surged to $19M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 increased by +57.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.88.813.317.230.2%
Singapore2.91.60.70.7-37.7%
Malaysia0.10.20.20.458.7%
Japan0.40.80.50.3-9.1%
Others1.01.20.40.7-11.2%
Total12.212.715.119.216.3%

Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Indonesia in 2022:

  1. China (3624.7 tons)
  2. Malaysia (137.3 tons)
  3. Singapore (50.9 tons)
  4. Japan (22.7 tons)

Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia

Exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia from Indonesia surged to 32 tons in 2022, jumping by 24% against 2021 figures. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 554% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia soared to $649K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 651% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LuxembourgN/AN/AN/A4780%
SingaporeN/A37.728310466.1%
ThailandN/AN/AN/A64.70%
Malaysia19.98.6N/AN/A-56.8%
Solomon Islands43.3N/AN/AN/A0%
Others10.7N/A64.11.4-49.2%
Total73.846.3348649106.4%

Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Indonesia in 2022:

  1. Luxembourg (20.2 tons)
  2. Singapore (8.3 tons)
  3. Thailand (3.4 tons)

Source: IndexBox Market Intelligence Platform

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