Price for Steel, Stainless; Ingots and Other Primary Forms in Switzerland - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Switzerland (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Switzerland (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Switzerland
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Switzerland
Price for Steel, Stainless; Ingots and Other Primary Forms in Switzerland (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $8,067 per ton in 2022, jumping by 60% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 223% against the previous year. The import price peaked in 2022 and is expected to retain 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 Germany ($9,677 per ton), while the price for Italy ($3,755 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Switzerland (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $7,806 per ton, which is down by -36.3% against the previous year. In general, the export price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of 84%. The export price peaked at $12,668 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($58,176 per ton), while the average price for exports to France ($3,452 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 Italy (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Switzerland
In 2022, approx. 51 tons of steel, stainless; ingots and other primary formses were imported into Switzerland; which is down by -43.7% against the previous year's figure. Over the period under review, imports recorded a precipitous descent. The smallest decline of -43.2% was in 2020.
In value terms, imports of steel, stainless; ingots and other primary formses fell to $413K in 2022. In general, imports faced a precipitous contraction.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 313 | 157 | 325 | 350 | 3.8% |
| Germany | 36.1 | 82.4 | 42.7 | 20.7 | -16.9% |
| Belgium | N/A | 5.6 | 9.7 | 19.8 | 88.0% |
| Italy | 185 | 1.6 | 4.7 | 4.3 | -71.5% |
| Czech Republic | 1,734 | 970 | N/A | N/A | -44.1% |
| Others | 47.7 | 12.1 | 77.5 | 17.9 | -27.9% |
| Total | 2,315 | 1,229 | 459 | 413 | -43.7% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Switzerland in 2022:
- United States (44.4 tons)
- Belgium (2.8 tons)
- Germany (2.1 tons)
- Italy (1.1 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Switzerland
In 2022, after two years of decline, there was growth in shipments abroad of steel, stainless; ingots and other primary formses, when their volume increased by 0.9% to 9.7 tons. Overall, exports, however, saw a sharp curtailment.
In value terms, exports of steel, stainless; ingots and other primary formses shrank significantly to $76K in 2022. In general, exports, however, continue to indicate a sharp setback. The smallest decline of -27.3% was in 2021.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 149 | 134 | 81.1 | 40.9 | -35.0% |
| France | 0.1 | 5.0 | 1.1 | 26.5 | 542.3% |
| Italy | 165 | 13.3 | 20.7 | 1.0 | -81.8% |
| United States | 78.1 | 2.4 | 3.6 | 0.2 | -86.3% |
| Others | 1.6 | 7.2 | 11.0 | 7.1 | 64.3% |
| Total | 394 | 162 | 117 | 75.6 | -42.3% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Switzerland in 2022:
- France (7.7 tons)
- Germany (1.9 tons)
- United States (0.1 tons)
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