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

Contents:

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

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

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $7,278 per ton, jumping by 50% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 59%. The import price peaked at $8,245 per ton in 2012; however, from 2013 to 2022, 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 Belgium ($17,963 per ton), while the price for Spain ($3,850 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.7%), 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 Italy (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $4,924 per ton in 2022, picking up by 4.5% against the previous year. Over the period under review, the export price showed a resilient expansion. The growth pace was the most rapid in 2018 an increase of 41%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($18,782 per ton), while the average price for exports to Bosnia and Herzegovina ($1,527 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 Poland (+15.0%), 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 Italy

In 2022, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s into Italy reduced to 4.1K tons, declining by -12.6% against 2021 figures. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 111%. As a result, imports attained the peak of 4.7K tons, and then shrank in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $30M in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. South Korea (1747.7 tons)
2. Netherlands (1107.9 tons)
3. France (660.5 tons)
4. Belgium (284.2 tons)
5. Poland (94.1 tons)
6. United States (56.8 tons)
7. China (37.9 tons)
8. Germany (37.4 tons)

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

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s exported from Italy was estimated at 4.3K tons, picking up by 13% compared with 2021. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $21M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Poland (1725.5 tons)
2. Mexico (541.8 tons)
3. Turkey (414.0 tons)
4. Germany (348.0 tons)
5. Switzerland (276.7 tons)
6. Egypt (272.9 tons)
7. Slovakia (150.3 tons)
8. Serbia (68.6 tons)
9. Slovenia (54.5 tons)
10. Czech Republic (47.0 tons)
11. United Kingdom (26.4 tons)
12. India (7.8 tons)