Price for Steel, Stainless; Ingots and Other Primary Forms in Indonesia - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Indonesia (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Indonesia (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Indonesia
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Indonesia
Price for Steel, Stainless; Ingots and Other Primary Forms in Indonesia (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $1,597 per ton, falling by -23% against the previous year. In general, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 148% against the previous year. As a result, the export price attained the peak level of $3,542 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +3.1% per year.
Price for Steel, Stainless; Ingots and Other Primary Forms in Indonesia (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $4,430 per ton in 2022, growing by 96% against the previous year. Over the period under review, the import price saw a mild expansion. Over the period under review, average import prices hit record highs at $7,324 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($29,000 per ton), while the price for China totaled $4,347 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Indonesia
For the fourth consecutive year, Indonesia recorded growth in overseas shipments of steel, stainless; ingots and other primary formses, which increased by 1,240% to 361 tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; ingots and other primary formses soared to $577K in 2022. In general, exports recorded a significant expansion. 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 Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.1 | N/A | 53.5 | 577 | 383.7% |
| Netherlands | 6.4 | 25.7 | N/A | N/A | 301.6% |
| Others | 0.8 | 69.4 | 2.4 | N/A | 73.2% |
| Total | 12.3 | 95.2 | 55.9 | 577 | 260.7% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Indonesia in 2022:
- Thailand (361.3 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Indonesia
In 2022, supplies from abroad of steel, stainless; ingots and other primary formses decreased by -63.1% to 67 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 5.5% against the previous year. As a result, imports reached the peak of 181 tons, and then fell markedly in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses shrank significantly to $295K in 2022. Over the period under review, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, imports attained the peak of $408K, and then declined sharply in the following year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.8 | 12.2 | 173 | 284 | 125.4% |
| India | N/A | 0.9 | 105 | 1.8 | 41.4% |
| Malaysia | 68.2 | 0.6 | N/A | N/A | -99.1% |
| Czech Republic | 209 | 143 | 117 | N/A | -25.2% |
| Others | 24.8 | 53.4 | 11.6 | 8.9 | -28.9% |
| Total | 327 | 210 | 408 | 295 | -3.4% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Indonesia in 2022:
- China (65.4 tons)
- India (0.9 tons)
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