Price for Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka
Price for Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $67,513 per ton, picking up by 470% against the previous year. Over the period under review, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($80,000 per ton), while the price for China amounted to $67,491 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $2,500 per ton, with an increase of 188% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $2,571 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka
In 2022, purchases abroad of steel, stainless; ingots and other primary formses increased by 938% to 581 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a sharp shrinkage.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $39K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 1.0 | 0.1 | 39.1 | 265.6% |
| Germany | 11.8 | 6.5 | 0.4 | N/A | -81.6% |
| United States | 1.9 | 0.7 | N/A | N/A | -63.2% |
| India | 3.3 | 0.8 | N/A | N/A | -75.8% |
| Others | 0.9 | 0.6 | 0.1 | 0.1 | -51.9% |
| Total | 18.6 | 9.6 | 0.7 | 39.2 | 28.2% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Sri Lanka in 2022:
- China (580.0 kg)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka
In 2022, exports of steel, stainless; ingots and other primary formses from Sri Lanka fell markedly to 10 kg, waning by -99.9% against the year before. In general, exports faced a precipitous decline.
In value terms, exports of steel, stainless; ingots and other primary formses fell rapidly to $25 in 2022. Over the period under review, exports saw a sharp decline.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| China | 11.5 | N/A | 0% | ||
| Maldives | N/A | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 11.5 | N/A | 0% | ||
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Sri Lanka in 2022:
- Maldives (10.0 kg)
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