Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain (FOB) - 2023
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,086 per ton in December 2023, dropping by -10% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6% m-o-m. As a result, import price reached the peak level of $1,260 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Sweden ($1,390 per ton) and Belgium ($1,251 per ton), while the price for France ($932 per ton) and the UK ($1,090 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain (FOB) - 2023

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,154 per ton in December 2023, reducing by -6.8% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 24% m-o-m. As a result, the export price reached the peak level of $1,329 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Morocco ($1,304 per ton) and Portugal ($1,222 per ton), while the average price for exports to Greece ($1,031 per ton) and France ($1,059 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain

In 2022, approx. 1M tons of alloy steel flat-rolled products, of a width 600mm or mores were imported into Spain; shrinking by -5.9% compared with 2021. In general, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $1.3B in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +75.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Spain in 2022:

1. France (465.9K tons)
2. Germany (165.9K tons)
3. Belgium (78.6K tons)
4. United Kingdom (71.7K tons)
5. India (47.5K tons)
6. Netherlands (38.7K tons)
7. China (33.2K tons)
8. Italy (28.3K tons)
9. Sweden (26.2K tons)
10. Austria (22.4K tons)
11. Finland (18.2K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Spain

Exports of alloy steel flat-rolled products, of a width 600mm or mores from Spain shrank to 368K tons in 2022, with a decrease of -11.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 417K tons, and then dropped in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores rose sharply to $466M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +75.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Spain in 2022:

1. Italy (113.4K tons)
2. Portugal (72.3K tons)
3. Morocco (59.1K tons)
4. Turkey (54.6K tons)
5. France (21.8K tons)
6. Germany (12.4K tons)
7. Poland (12.0K tons)
8. Egypt (3.3K tons)

Source: IndexBox Market Intelligence Platform