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

Contents:

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

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

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $6,253 per ton in 2022, jumping by 67% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +94.5% against 2018 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 Germany ($21,020 per ton), while the price for China ($2,762 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), 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 Portugal (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $8,076 per ton, growing by 30% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 90%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($9,678 per ton), while the average price for exports to Germany ($3,488 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 Italy (+19.3%), 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 Portugal

In 2022, after three years of growth, there was significant decline in overseas purchases of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, when their volume decreased by -26.9% to 376 tons. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 515 tons, and then declined sharply in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $2.4M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. South Korea (212.7 tons)
2. Spain (88.1 tons)
3. China (54.6 tons)
4. Germany (10.3 tons)
5. Netherlands (2.3 tons)

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

For the third year in a row, Portugal recorded decline in overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which decreased by -43.9% to 63 tons in 2022. In general, exports recorded a dramatic decrease.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s fell significantly to $512K in 2022. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -11.1% was in 2021.

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

1. France (41.2 tons)
2. Angola (7.6 tons)
3. Germany (7.2 tons)
4. Cabo Verde (3.3 tons)
5. Italy (3.1 tons)