Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India - 2023
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (CIF) - 2022
In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $5,142 per ton, jumping by 26% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Russia ($41,122 per ton), while the price for the United Arab Emirates ($664 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+27.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $8,152 per ton, remaining stable against the previous year. Over the period under review, the export price posted a measured expansion. The growth pace was the most rapid in 2017 an increase of 44%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($9,375 per ton), while the average price for exports to Guyana ($848 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 Italy (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India
In 2022, supplies from abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by 94% to 8.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a significant decline.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $42M in 2022. Overall, imports, however, continue to indicate a sharp downturn.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.1 | 10.4 | 10.4 | 19.0 | 38.8% |
| China | 104 | 14.0 | 3.4 | 15.0 | -47.6% |
| Kuwait | 0.2 | 0.3 | 0.3 | 3.9 | 169.2% |
| United States | 2.4 | 1.2 | 0.6 | 1.0 | -25.3% |
| Bahrain | 1.4 | 0.8 | 0.4 | 0.9 | -13.7% |
| United Arab Emirates | 2.8 | 1.2 | 0.5 | 0.8 | -34.1% |
| Vietnam | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Japan | 1.5 | 0.9 | 0.5 | 0.1 | -59.5% |
| Others | 10.9 | 3.4 | 1.2 | 1.5 | -48.4% |
| Total | 131 | 32.4 | 17.4 | 42.4 | -31.3% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to India in 2022:
- China (3594.4 tons)
- United Arab Emirates (1226.1 tons)
- Bahrain (937.5 tons)
- Kuwait (769.9 tons)
- United States (629.1 tons)
- Russia (461.1 tons)
- Vietnam (170.0 tons)
- Japan (38.1 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India
In 2022, the amount of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia exported from India totaled 677 tons, standing approx. at 2021 figures. Overall, exports faced a dramatic setback. The smallest decline of -99.4% was in 2020.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $5.5M in 2022. In general, exports faced a dramatic descent. The smallest decline of -99.5% was in 2020.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.1 | 0.1 | N/A | 2.1 | -45.7% |
| Czech Republic | 18.4 | 0.1 | N/A | 1.9 | -53.1% |
| Italy | 1.5 | N/A | N/A | 0.2 | -48.9% |
| Germany | 0.4 | N/A | N/A | 0.2 | -20.6% |
| Poland | 0.1 | N/A | N/A | 0.1 | 0.0% |
| South Korea | 1.8 | N/A | N/A | 0.1 | -61.8% |
| Spain | 1.0 | N/A | N/A | 0.1 | -53.6% |
| Guyana | 0.1 | N/A | N/A | N/A | 0% |
| Denmark | 1.0 | N/A | N/A | N/A | 0% |
| Netherlands | 4.2 | N/A | N/A | N/A | 0% |
| Others | 5.2 | N/A | N/A | 0.8 | -46.4% |
| Total | 46.6 | 0.3 | N/A | 5.5 | -50.9% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from India in 2022:
- China (219.1 tons)
- Czech Republic (215.8 tons)
- Italy (32.1 tons)
- Germany (31.0 tons)
- Denmark (27.1 tons)
- Spain (18.6 tons)
- Poland (12.4 tons)
- Guyana (10.7 tons)
- South Korea (7.8 tons)
- Netherlands (1.0 tons)
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