Price for Steel, Stainless; Ingots and Other Primary Forms in Italy - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Italy (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Italy (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Italy
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Italy
Price for Steel, Stainless; Ingots and Other Primary Forms in Italy (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $4,074 per ton, waning by -52.9% against the previous year. Over the period under review, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of 216%. As a result, the export price reached the peak level of $8,645 per ton, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,845 per ton), while the average price for exports to Poland ($2,140 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 Germany (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Stainless; Ingots and Other Primary Forms in Italy (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $4,287 per ton in 2022, jumping by 66% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 UK ($15,955 per ton), while the price for Bulgaria ($2,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Italy
In 2022, approx. 7.5K tons of steel, stainless; ingots and other primary formses were exported from Italy; growing by 35% against 2021. Overall, exports, however, recorded a drastic downturn.
In value terms, exports of steel, stainless; ingots and other primary formses declined dramatically to $31M in 2022. In general, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 244%. As a result, the exports attained the peak of $48M, and then contracted sharply in the following year.
Export of Steel, Stainless; Ingots and Other Primary Forms in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 0.6 | 0.2 | 0.4 | 10.2 | 157.1% |
United States | 14.5 | 3.9 | 2.1 | 5.3 | -28.5% |
Germany | 2.2 | 1.6 | 3.4 | 3.9 | 21.0% |
Spain | 1.9 | 1.7 | 2.9 | 2.3 | 6.6% |
India | 1.3 | 0.9 | 0.1 | 2.1 | 17.3% |
Poland | 0.2 | 0.5 | 0.5 | 0.9 | 65.1% |
Austria | 4.8 | 1.9 | 0.7 | 0.9 | -42.8% |
Others | 7.9 | 3.4 | 38.1 | 5.1 | -13.6% |
Total | 33.5 | 14.0 | 48.1 | 30.7 | -2.9% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Italy in 2022:
- France (2659.4 tons)
- United States (1340.4 tons)
- Spain (876.0 tons)
- Germany (806.7 tons)
- India (601.2 tons)
- Poland (402.8 tons)
- Austria (214.5 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Italy
For the third year in a row, Italy recorded decline in overseas purchases of steel, stainless; ingots and other primary formses, which decreased by -54.8% to 3.1K tons in 2022. In general, imports faced a precipitous contraction. The smallest decline of -3.4% was in 2021.
In value terms, imports of steel, stainless; ingots and other primary formses fell notably to $13M in 2022. Overall, imports showed a abrupt decline. The smallest decline of less than 0.1% was in 2021.
Import of Steel, Stainless; Ingots and Other Primary Forms in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 10.7 | 6.2 | 6.3 | 8.7 | -6.7% |
Australia | N/A | 0.4 | 0.7 | 1.0 | 58.1% |
United Kingdom | 0.5 | 0.7 | 0.5 | 1.0 | 26.0% |
France | 1.6 | 2.2 | 2.1 | 0.8 | -20.6% |
Bulgaria | 0.2 | 1.4 | 5.6 | 0.8 | 58.7% |
Germany | N/A | 0.9 | 0.1 | 0.5 | -25.5% |
Sweden | 0.1 | 1.5 | 0.7 | 0.4 | 58.7% |
Spain | 4.7 | 1.3 | N/A | N/A | -72.3% |
Luxembourg | 0.5 | 0.5 | 0.4 | N/A | -10.6% |
Others | 1.4 | 2.8 | 1.5 | 0.4 | -34.1% |
Total | 19.8 | 18.0 | 18.0 | 13.5 | -12.0% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Italy in 2022:
- Austria (1937.6 tons)
- Bulgaria (377.8 tons)
- France (241.7 tons)
- Germany (204.6 tons)
- Sweden (119.3 tons)
- Australia (76.9 tons)
- United Kingdom (60.8 tons)
- Spain (10.5 tons)
- Luxembourg (2.5 tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Italy.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...