Price for Steel, Stainless; Ingots and Other Primary Forms in Germany - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Germany (CIF) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Germany (FOB) - 2023
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Germany
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Germany
Price for Steel, Stainless; Ingots and Other Primary Forms in Germany (CIF) - 2023
In October 2023, the average import price for steel, stainless; ingots and other primary formses amounted to $3,510 per ton, waning by -50.1% against the previous month. In general, the import price, however, enjoyed a mild expansion. The growth pace was the most rapid in February 2023 an increase of 113% month-to-month. The import price peaked at $7,035 per ton in September 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($3,775 per ton), while the price for the United States totaled $1,986 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Germany (FOB) - 2023
In October 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $29,613 per ton, growing by 278% against the previous month. In general, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was India ($52,935 per ton), while the average price for exports to the UK amounted to $6,290 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Germany
In 2022, approx. 4K tons of steel, stainless; ingots and other primary formses were imported into Germany; growing by 11% on the previous year's figure. Overall, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 57%.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $14M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.4 | 1.1 | 1.8 | 4.8 | 50.8% |
| Italy | 3.9 | 1.4 | 2.0 | 2.7 | -11.5% |
| Czech Republic | 0.9 | 0.7 | 1.5 | 2.6 | 42.4% |
| Netherlands | 0.7 | 1.4 | 1.4 | 1.3 | 22.9% |
| Austria | 0.6 | N/A | N/A | 0.8 | 10.1% |
| Russia | 4.4 | 1.5 | 1.2 | 0.5 | -51.6% |
| Sweden | 0.7 | N/A | N/A | 0.4 | -17.0% |
| Belarus | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.4 | 2.5 | 0.9 | 4.0% |
| Total | 14.3 | 6.6 | 10.5 | 14.0 | -0.7% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Germany in 2022:
- Czech Republic (1066.0 tons)
- France (852.5 tons)
- Italy (593.7 tons)
- Austria (490.7 tons)
- Netherlands (304.1 tons)
- Sweden (228.6 tons)
- Russia (190.9 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Germany
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Germany shrank modestly to 1.1K tons, dropping by -1.9% against the previous year. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.
In value terms, exports of steel, stainless; ingots and other primary formses surged to $9.5M in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +68.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3,499 | 3,463 | 4,269 | 5,582 | 16.8% |
| Netherlands | 1,280 | 1,475 | 1,385 | 1,418 | 3.5% |
| Spain | N/A | N/A | N/A | 644 | 0% |
| Slovenia | 84.6 | 156 | 377 | 592 | 91.3% |
| Sweden | 332 | N/A | 13.8 | 239 | -10.4% |
| Hong Kong SAR | 222 | 116 | 115 | 204 | -2.8% |
| Italy | 0.2 | 58.6 | 23.6 | 109 | 716.8% |
| France | 2,229 | 1.5 | 1.4 | 1.8 | -90.7% |
| Others | 1,220 | 365 | 915 | 703 | -16.8% |
| Total | 8,866 | 5,635 | 7,101 | 9,492 | 2.3% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Germany in 2022:
- Austria (518.9 tons)
- Netherlands (253.4 tons)
- Sweden (108.6 tons)
- Slovenia (78.7 tons)
- Spain (40.7 tons)
- Italy (33.2 tons)
- Hong Kong SAR (21.8 tons)
- France (0.2 tons)
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