Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $5,649 per ton in 2022, picking up by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $5,705 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 the United States ($32,608 per ton), while the price for Sweden ($5,226 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $33,977 per ton, surging by 186% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 204% against the previous year. The export price peaked at $49,306 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($254,594 per ton), while the average price for exports to Switzerland ($3,972 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 China (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark

In 2022, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s into Denmark reduced remarkably to 1.7K tons, with a decrease of -49.6% compared with the previous year. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 423% against the previous year. As a result, imports reached the peak of 3.5K tons, and then dropped significantly in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s shrank markedly to $9.9M in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 301%. As a result, imports attained the peak of $15M, and then shrank remarkably in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Denmark in 2022:

1. Germany (847.8 tons)
2. Sweden (835.8 tons)
3. Poland (16.2 tons)
4. Finland (15.9 tons)
5. Slovenia (1.5 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Denmark

In 2022, shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -43.2% to 142 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 447% against the previous year. As a result, the exports attained the peak of 256 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $4.8M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 81% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Denmark in 2022:

1. Philippines (90.6 tons)
2. Switzerland (23.9 tons)
3. Norway (15.8 tons)
4. China (3.1 tons)
5. Mexico (2.7 tons)
6. Israel (0.1 tons)