Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (FOB) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (CIF) - 2022
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,122 per ton, picking up by 49% against the previous year. Over the period under review, the export price saw a notable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 231% against the previous year. As a result, the export price reached the peak level of $8,130 per ton. From 2017 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 Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +4.8% per year.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,055 per ton, rising by 20% against the previous year. Overall, the import price saw a resilient increase. The growth pace was the most rapid in 2021 an increase of 86%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,960 per ton), while the price for Mexico ($2,714 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay
In 2022, overseas shipments of stainless steel; flat-rolled products of width less than 600mms increased by 4,230% to 459 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $1.4M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 91.9 | 58.3 | N/A | 1,432 | 149.8% |
| Argentina | N/A | N/A | 21.8 | N/A | 0% |
| Others | 0.7 | 0.1 | 0.4 | 0.7 | 0.0% |
| Total | 92.7 | 58.5 | 22.2 | 1,433 | 149.1% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Uruguay in 2022:
- Brazil (458.9 tons)
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms were finally on the rise to reach 265 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic downturn.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $1.1M in 2022. Overall, imports, however, faced a dramatic setback.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 835 | N/A | 136 | 499 | -15.8% |
| China | 133 | 206 | 255 | 433 | 48.2% |
| Brazil | 1,418 | 315 | 92.6 | 55.3 | -66.1% |
| India | 7.1 | 30.4 | 20.2 | 27.0 | 56.1% |
| Mexico | 1,769 | 523 | N/A | 15.8 | -79.3% |
| Others | 4.9 | 17.0 | 63.8 | 43.8 | 107.5% |
| Total | 4,167 | 1,092 | 567 | 1,074 | -36.4% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Uruguay in 2022:
- South Africa (130.2 tons)
- China (104.5 tons)
- Brazil (15.5 tons)
- Mexico (5.8 tons)
- India (5.5 tons)
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