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

Contents:

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

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

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $10,913 per ton, picking up by 38% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 81%. The import price peaked at $16,463 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($112,006 per ton), while the price for South Korea ($7,961 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+39.4%), 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 Finland (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $19,439 per ton, reducing by -6% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs at $28,444 per ton in 2016; however, from 2017 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 Japan ($155,000 per ton), while the average price for exports to the United Arab Emirates ($11,422 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 Mexico (+54.1%), 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 Finland

In 2022, after three years of growth, there was significant decline in supplies from abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, when their volume decreased by -24.7% to 132 tons. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s reached $1.4M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 24%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. South Korea (67.5 tons)
2. Estonia (32.5 tons)
3. Germany (18.3 tons)
4. Sweden (10.8 tons)
5. Italy (1.9 tons)
6. China (0.2 tons)

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

For the fourth year in a row, Finland recorded growth in overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which increased by 114% to 55 tons in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $1.1M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (20.1 tons)
2. Turkey (14.2 tons)
3. Norway (7.7 tons)
4. Lithuania (4.1 tons)
5. Czech Republic (3.1 tons)
6. Estonia (3.1 tons)
7. United States (0.6 tons)