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

Contents:

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

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

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $3,645 per ton in 2022, increasing by 23% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +52.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($5,576 per ton), while the average price for exports to Belgium ($1,024 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 Turkey (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $4,834 per ton in 2022, surging by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $5,204 per ton in 2019; however, from 2020 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 the United States ($27,067 per ton), while the price for Sweden ($1,444 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s exported from Spain shrank sharply to 1.8K tons, with a decrease of -33.3% on the previous year. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 28%.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined dramatically to $6.6M in 2022. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of $8.1M, and then declined dramatically in the following year.

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

1. Algeria (349.1 tons)
2. United Kingdom (294.0 tons)
3. France (189.2 tons)
4. Turkey (138.9 tons)
5. India (108.1 tons)
6. Sweden (106.4 tons)
7. Mexico (102.5 tons)
8. Brazil (93.1 tons)
9. Belgium (77.9 tons)
10. Dominican Republic (72.3 tons)
11. Portugal (58.1 tons)
12. Netherlands (53.6 tons)
13. Morocco (43.8 tons)

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

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Spain reduced notably to 1K tons, with a decrease of -21.3% against 2021 figures. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s fell rapidly to $5.1M in 2022. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 14%.

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

1. Sweden (389.5 tons)
2. France (272.4 tons)
3. Italy (131.3 tons)
4. China (85.4 tons)
5. Germany (53.6 tons)
6. United States (36.6 tons)
7. Poland (22.2 tons)
8. India (5.5 tons)