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

Contents:

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

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

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $19,610 per ton in 2022, waning by -18.6% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 +60.9% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 65%. The export price peaked at $24,097 per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($33,531 per ton), while the average price for exports to Denmark ($5,570 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 Russia (+22.5%), 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 Sweden (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $10,928 per ton in 2022, growing by 46% against the previous year. Overall, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 89% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Finland ($74,219 per ton), while the price for Luxembourg ($1,940 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+24.5%), 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 Sweden

In 2022, overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by 12% to 429 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp downturn.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined to $8.4M in 2022. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2020 when exports increased by 9.3%. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Denmark (106.0 tons)
2. Germany (77.2 tons)
3. United States (70.9 tons)
4. Japan (37.8 tons)
5. France (23.6 tons)
6. Italy (23.0 tons)
7. China (16.4 tons)
8. United Kingdom (15.0 tons)
9. Norway (13.8 tons)
10. Austria (8.7 tons)
11. Belgium (8.0 tons)
12. Poland (4.5 tons)

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

In 2022, approx. 489 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into Sweden; waning by -9.7% compared with the year before. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $5.3M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Netherlands (148.2 tons)
2. Spain (101.6 tons)
3. United States (90.3 tons)
4. Germany (75.1 tons)
5. Luxembourg (26.3 tons)
6. Poland (13.8 tons)
7. China (9.9 tons)
8. Norway (9.3 tons)