Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia (CIF) - 2022
The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $10,335 per ton in March 2022, jumping by 50% against the previous month. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in October 2021 an increase of 67% m-o-m. Over the period under review, average import prices reached the peak figure at $12,396 per ton in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($102K per ton), while the price for China ($5,556 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+31.8%), 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 Indonesia (FOB) - 2022
The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $4,274 per ton in March 2022, reducing by -14.6% against the previous month. In general, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in August 2021 an increase of 312% against the previous month. Over the period under review, the average export prices hit record highs at $5,008 per ton in February 2022, and then fell in the following month.
There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was the UK ($5,820 per ton), while the average price for exports to India ($2,137 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+15.7%), 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 Indonesia
In 2022, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s into Indonesia contracted to 6.5K tons, which is down by -14.3% compared with the year before. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 52%.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s dropped modestly to $35M in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 157%. As a result, imports attained the peak of $37M, and then shrank in the following year.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 3.3 | 13.4 | 17.5 | 7.5% |
| Japan | 4.2 | 4.7 | 16.0 | 10.8 | 37.0% |
| Malaysia | 3.6 | 1.4 | 3.5 | 3.6 | 0.0% |
| Singapore | 0.3 | 0.8 | 1.1 | 0.3 | 0.0% |
| Hong Kong SAR | 0.4 | 1.5 | N/A | N/A | 275.0% |
| Others | 1.4 | 2.6 | 2.5 | 2.9 | 27.5% |
| Total | 23.9 | 14.2 | 36.5 | 35.2 | 13.8% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Indonesia in 2022:
- China (4.4K tons)
- Japan (1.1K tons)
- Malaysia (0.6K tons)
- Singapore (0.1K tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia
In 2022, overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -54.3% to 2.7K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, the exports reached the peak of 18K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s shrank to $12M in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -2.7% was in 2020.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.4 | 1.3 | 2.8 | 4.8 | 50.8% |
| United States | 2.2 | 1.6 | 4.7 | 4.2 | 24.1% |
| India | 19.1 | 18.2 | 4.2 | 1.4 | -58.1% |
| South Korea | N/A | N/A | 1.6 | 1.4 | -12.5% |
| Singapore | 0.1 | 1.2 | 0.4 | 0.3 | 44.2% |
| Others | 1.8 | 1.7 | 0.2 | 0.3 | -45.0% |
| Total | 24.6 | 24.0 | 14.0 | 12.4 | -20.4% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Indonesia in 2022:
- United States (627.7 tons)
- South Korea (585.6 tons)
- United Kingdom (584.1 tons)
- India (580.5 tons)
- Singapore (229.2 tons)
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