Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $9,196 per ton, falling by -31.8% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the peak figure at $15,191 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($175,000 per ton), while the price for China ($6,283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $2,333 per ton in 2022, shrinking by -38.5% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 107% against the previous year. As a result, the export price attained the peak level of $8,210 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +5.3% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in supplies from abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia, which increased by 589% to 13 tons in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $119K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.4 | 1.6 | 1.7 | 62.4 | 438.3% |
| China | 1.7 | 1.7 | 9.7 | 44.5 | 196.9% |
| United Kingdom | 3.7 | 3.5 | 5.0 | 7.6 | 27.1% |
| Malaysia | 6.1 | 13.4 | 7.0 | N/A | 7.1% |
| Others | 2.1 | 4.8 | 2.0 | 4.7 | 30.8% |
| Total | 14.0 | 25.1 | 25.3 | 119 | 104.1% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Sri Lanka in 2022:
- China (7.1 tons)
- South Korea (5.8 tons)
- United Kingdom (0.1 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia exported from Sri Lanka dropped markedly to 619 kg, with a decrease of -66.5% compared with the year before. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -35.5% was in 2021.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell markedly to $1.4K in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -31.4% was in 2020.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.5 | 4.4 | 3.6 | 1.4 | -54.1% |
| India | 2.6 | 1.3 | 2.2 | N/A | -8.0% |
| Oman | 0.8 | N/A | N/A | N/A | 0% |
| Maldives | 0.1 | 2.6 | 0.7 | N/A | 164.6% |
| Canada | 0.9 | 4.6 | 0.6 | N/A | -18.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.8 | 12.9 | 7.0 | 1.4 | -57.9% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Sri Lanka in 2022:
- United States (619.0 kg)
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