Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran (CIF) - 2022
In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $4,735 per ton, growing by 60% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +87.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($7,564 per ton), while the price for Malaysia ($581 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), 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 Iran (FOB) - 2022
The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $2,884 per ton in 2022, growing by 67% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The export price peaked at $4,024 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($10,071 per ton), while the average price for exports to Iraq ($2,777 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 Azerbaijan (+16.1%), 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 Iran
Imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s into Iran declined sharply to 369 tons in 2022, with a decrease of -78.6% on the previous year's figure. In general, imports saw a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of 1.7K tons, and then contracted remarkably in the following year.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined sharply to $1.7M in 2022. Over the period under review, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $5.1M, and then declined rapidly in the following year.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,195 | 2,685 | 3,854 | 955 | -33.1% |
| United Arab Emirates | 42.4 | 252 | 854 | 488 | 125.8% |
| Turkey | 126 | 339 | 140 | 85.9 | -12.0% |
| South Korea | 154 | 240 | 54.2 | 85.8 | -17.7% |
| Russia | 65.6 | 68.4 | 74.3 | 44.9 | -11.9% |
| Malaysia | 13.6 | 13.6 | 14.2 | 8.2 | -15.5% |
| Others | 137 | 135 | 132 | 77.9 | -17.2% |
| Total | 3,734 | 3,733 | 5,122 | 1,745 | -22.4% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Iran in 2022:
- China (231.8 tons)
- United Arab Emirates (68.4 tons)
- South Korea (24.7 tons)
- Malaysia (14.2 tons)
- Turkey (11.4 tons)
- Russia (7.3 tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran
In 2022, overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -34.9% to 2.2 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 4.1 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 expanded remarkably to $6.2K in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 5.1 | 5.4 | 5.6 | 5.9 | 5.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 5.3 | 5.5 | 5.7 | 6.2 | 5.4% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Iran in 2022:
- Iraq (2.1 tons)
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