Price for Stainless Steel in Ingots or Other Primary Forms in Germany - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Germany (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Germany (CIF) - 2023
- Exports of Stainless Steel in Ingots or Other Primary Forms in Germany
- Imports of Stainless Steel in Ingots or Other Primary Forms in Germany
Price for Stainless Steel in Ingots or Other Primary Forms in Germany (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $3,421 per ton, growing by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $3,861 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($9,112 per ton), while the average price for exports to Switzerland ($2,679 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 the United States (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Germany (CIF) - 2023
In August 2023, the average import price for stainless steel in ingots or other primary forms amounted to $6,236 per ton, almost unchanged from the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 20% m-o-m. As a result, import price reached the peak level of $6,945 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($13,100 per ton), while the price for Switzerland ($1,642 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Germany
Exports of stainless steel in ingots or other primary forms from Germany surged to 57K tons in 2022, with an increase of 238% on the year before. In general, exports showed 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 stainless steel in ingots or other primary forms skyrocketed to $197M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 14.8 | 7.8 | 9.0 | 121 | 101.5% |
| Poland | 14.0 | 9.1 | 10.7 | 17.6 | 7.9% |
| Czech Republic | 11.8 | 5.4 | 4.4 | 15.8 | 10.2% |
| Switzerland | 5.3 | 5.9 | 9.3 | 9.0 | 19.3% |
| Portugal | 2.8 | 2.2 | 4.5 | 8.3 | 43.7% |
| Austria | 3.5 | 5.4 | 6.1 | 5.7 | 17.7% |
| Finland | N/A | N/A | N/A | 4.7 | 0% |
| Sweden | 5.8 | 4.6 | 1.2 | 3.4 | -16.3% |
| Others | 12.0 | 11.9 | 9.0 | 11.4 | -1.7% |
| Total | 70.0 | 52.3 | 54.2 | 197 | 41.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Germany in 2022:
- France (36.7K tons)
- Poland (5.5K tons)
- Czech Republic (3.5K tons)
- Switzerland (3.4K tons)
- Portugal (1.9K tons)
- Finland (1.5K tons)
- Sweden (0.6K tons)
- Austria (0.6K tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Germany
In 2022, the amount of stainless steel in ingots or other primary forms imported into Germany dropped to 25K tons, with a decrease of -7.7% against the year before. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, imports of stainless steel in ingots or other primary forms soared to $145M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel in Ingots or Other Primary Forms in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 18.3 | 14.9 | 22.8 | 41.3 | 31.2% |
| France | 18.4 | 27.4 | 37.6 | 37.3 | 26.6% |
| Sweden | 17.1 | 9.6 | 15.8 | 27.7 | 17.4% |
| Spain | 2.7 | 3.7 | 4.4 | 8.9 | 48.8% |
| United Kingdom | 5.6 | 4.9 | 7.7 | 7.7 | 11.2% |
| Austria | 8.2 | 5.6 | 6.2 | 6.4 | -7.9% |
| Slovenia | 2.9 | 2.5 | 3.5 | 3.3 | 4.4% |
| Czech Republic | 1.4 | 1.4 | 1.5 | 2.6 | 22.9% |
| Russia | 4.4 | 2.4 | 4.1 | 1.3 | -33.4% |
| Others | 10.3 | 8.0 | 11.6 | 8.4 | -6.6% |
| Total | 89.5 | 80.4 | 115 | 145 | 17.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Germany in 2022:
- Italy (6.1K tons)
- Sweden (5.4K tons)
- France (4.9K tons)
- United Kingdom (2.1K tons)
- Spain (1.7K tons)
- Czech Republic (1.1K tons)
- Austria (1.0K tons)
- Slovenia (0.8K tons)
- Russia (0.4K tons)
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