Price for Stainless Steel in Ingots or Other Primary Forms in Sweden - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Sweden (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Sweden (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Sweden
- Exports of Stainless Steel in Ingots or Other Primary Forms in Sweden
Price for Stainless Steel in Ingots or Other Primary Forms in Sweden (CIF) - 2023
The average import price for stainless steel in ingots or other primary forms stood at $3,527 per ton in August 2023, stabilizing at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 12% against the previous month. The import price peaked at $4,249 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From August 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to -0.4% per month.
Price for Stainless Steel in Ingots or Other Primary Forms in Sweden (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $5,386 per ton, growing by 25% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel in ingots or other primary forms increased by +54.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($6,726 per ton), while the average price for exports to Taiwan (Chinese) ($3,364 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 Ukraine (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Sweden
In 2022, imports of stainless steel in ingots or other primary forms into Sweden contracted notably to 149K tons, which is down by -17.4% on 2021. Overall, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% 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 +61.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 95% against the previous year. As a result, imports reached the peak of 180K tons, and then shrank notably in the following year.
In value terms, imports of stainless steel in ingots or other primary forms expanded notably to $555M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 147%. 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 Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 270 | 192 | 420 | 530 | 25.2% |
| Germany | 13.2 | 9.9 | 8.4 | 10.9 | -6.2% |
| Finland | 16.7 | 0.6 | 78.3 | 8.6 | -19.8% |
| Others | 7.6 | 4.9 | 5.6 | 5.5 | -10.2% |
| Total | 307 | 207 | 512 | 555 | 21.8% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Sweden in 2022:
- United Kingdom (138.4K tons)
- Finland (5.5K tons)
- Germany (4.6K tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Sweden
In 2022, exports of stainless steel in ingots or other primary forms from Sweden contracted slightly to 54K tons, with a decrease of -1.5% against 2021. Overall, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms surged to $290M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Stainless Steel in Ingots or Other Primary Forms in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 70.1 | 55.6 | 97.9 | 107 | 15.1% |
| India | 35.3 | 24.1 | 40.5 | 56.6 | 17.0% |
| Italy | 33.4 | 24.7 | 19.3 | 30.4 | -3.1% |
| Germany | 15.5 | 9.3 | 19.3 | 29.4 | 23.8% |
| United Kingdom | 13.6 | 6.1 | 15.9 | 18.4 | 10.6% |
| Taiwan (Chinese) | 9.5 | 5.3 | 16.5 | 10.9 | 4.7% |
| Ukraine | N/A | N/A | 2.0 | 9.2 | 360.0% |
| China | 14.9 | 6.7 | 4.6 | 5.5 | -28.3% |
| Others | 18.6 | 14.7 | 20.0 | 22.4 | 6.4% |
| Total | 211 | 147 | 236 | 290 | 11.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Sweden in 2022:
- United States (20.4K tons)
- India (8.4K tons)
- Italy (6.2K tons)
- Germany (5.4K tons)
- Taiwan (Chinese) (3.3K tons)
- United Kingdom (2.7K tons)
- Ukraine (1.7K tons)
- China (1.1K tons)
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