Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (FOB) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (CIF) - 2023
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (FOB) - 2023
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $5,511 per ton in September 2022, shrinking by -26.3% against the previous month. Over the period under review, the export price recorded a dramatic slump. As a result, the export price reached the peak level of $11,659 per ton. From July 2022 to September 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Australia ($29,523 per ton), while the average price for exports to Vietnam ($900 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (0.0%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (CIF) - 2023
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $6,731 per ton in September 2022, picking up by 8.8% against the previous month. Over the period from June 2022 to September 2022, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in July 2022 an increase of 33% m-o-m. As a result, import price reached the peak level of $8,507 per ton. From August 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($8,437 per ton), while the price for Taiwan (Chinese) amounted to $5,448 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%).
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore
In 2022, approx. 2.6K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from Singapore; with an increase of 1.5% on the previous year. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 140% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $6.4M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.6 | 2.6 | 4.0 | 3.9 | 14.5% |
| Thailand | N/A | N/A | N/A | 1.3 | 0% |
| Malaysia | 0.2 | 0.1 | 0.5 | 0.5 | 35.7% |
| Others | 2.1 | 0.5 | 0.9 | 0.8 | -27.5% |
| Total | 4.9 | 3.2 | 5.5 | 6.4 | 9.3% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Singapore in 2022:
- Indonesia (2230.2 tons)
- Thailand (334.8 tons)
- Malaysia (40.8 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore
In 2022, overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -29.6% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell rapidly to $5.1M in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 24%.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.7 | 2.3 | 2.6 | 3.1 | 22.2% |
| China | 1.8 | 2.5 | 3.5 | 1.4 | -8.0% |
| Malaysia | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| South Korea | N/A | 0.4 | 0.2 | N/A | -50.0% |
| Others | 1.3 | 0.8 | 0.4 | 0.4 | -32.5% |
| Total | 5.1 | 6.4 | 6.8 | 5.1 | 0.0% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Singapore in 2022:
- Taiwan (Chinese) (817.0 tons)
- China (286.1 tons)
- Malaysia (22.3 tons)
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