Price for Steel, Stainless; Angles, Shapes and Sections in Sri Lanka - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka
- Exports of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka
Price for Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (CIF) - 2022
The average import price for steel, stainless stood at $2,538 per ton in 2022, with an increase of 9% against the previous year. Overall, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $4,405 per ton. From 2014 to 2022, the average 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 India ($3,478 per ton), while the price for Thailand ($118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $6,635 per ton, with an increase of 2.1% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 104% against the previous year. The export price peaked at $8,908 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Kuwait ($25,814 per ton), while the average price for exports to Bangladesh ($3,696 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 Seychelles (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka
In 2022, overseas purchases of steel, stainless decreased by -11.8% to 275 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year. As a result, imports reached the peak of 350 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless shrank to $692K in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. As a result, imports attained the peak of $754K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 273 | 307 | 292 | 386 | 12.2% |
| China | 203 | 320 | 326 | 261 | 8.7% |
| Malaysia | 33.3 | 38.8 | 39.7 | 0.7 | -72.4% |
| Thailand | 0.8 | 0.8 | 0.5 | 0.6 | -9.1% |
| Others | 71.7 | 87.7 | 64.5 | 43.9 | -15.1% |
| Total | 582 | 754 | 723 | 692 | 5.9% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Sri Lanka in 2022:
- China (151.1 tons)
- India (110.9 tons)
- Thailand (4.7 tons)
- Malaysia (0.3 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka
In 2022, the amount of steel, stainless exported from Sri Lanka amounted to 4 tons, surging by 3.4% against the year before. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of steel, stainless amounted to $26K in 2022. In general, exports saw a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 117% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; Angles, Shapes and Sections in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 2.3 | 2.0 | 9.3 | 10.2 | 64.3% |
| Kuwait | 3.5 | 2.6 | 10.0 | 9.0 | 37.0% |
| Maldives | 6.1 | 2.0 | 2.1 | 5.1 | -5.8% |
| Seychelles | 0.8 | 0.6 | 2.1 | 1.8 | 31.0% |
| Singapore | N/A | 4.3 | N/A | N/A | 0% |
| Samoa | 12.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.4 | 0.1 | -92.9% |
| Total | 25.1 | 11.5 | 24.9 | 26.3 | 1.6% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Sri Lanka in 2022:
- Bangladesh (2771.0 kg)
- Maldives (628.0 kg)
- Kuwait (350.0 kg)
- Seychelles (214.0 kg)
628
This report provides an in-depth analysis of the stainless steel angle market in Sri Lanka.
299
This report provides an in-depth analysis of the market for forged stainless steel bar in Sri Lanka.
275
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Sri Lanka.
1212
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Sri Lanka.
1401
This report provides an in-depth analysis of the global stainless steel angle market.
673
This report provides an in-depth analysis of the global market for forged stainless steel bar.
544
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
1709
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
628
This report provides an in-depth analysis of the stainless steel angle market in Sri Lanka.
299
This report provides an in-depth analysis of the market for forged stainless steel bar in Sri Lanka.
1446
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
973
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
1130
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
121
Global demand for forged stainless steel bar is forecasted to increase over the next seven years, with the market volume expected to reach 4.3M tons and value to reach $22.1B by 2030. China leads in consumption and production, while India and the United States also play significant roles in the market. Import and export prices and trends are analyzed, with India emerging as a major exporter of forged stainless steel bars.
161
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1477
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4386
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1178
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
1446
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
973
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
