Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey - 2023

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey (CIF) - 2023
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey (FOB) - 2022
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey (CIF) - 2023

The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $3,773 per ton in December 2023, rising by 4% against the previous month. Overall, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in June 2023 an increase of 9.8% month-to-month. The import price peaked at $4,288 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($10,827 per ton), while the price for India ($2,730 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey (FOB) - 2022

In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,320 per ton, with an increase of 24% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 37%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,445 per ton), while the average price for exports to Saudi Arabia ($1,448 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 Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey

In 2022, approx. 54K tons of stainless steel bars and rods, angles, shapes and sectionses were imported into Turkey; reducing by -3.6% compared with 2021 figures. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 56K tons, and then declined slightly in the following year.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $232M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Turkey in 2022:

1. India (37.9K tons)
2. Germany (5.2K tons)
3. Italy (4.7K tons)
4. China (1.6K tons)
5. France (1.4K tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Turkey

In 2022, shipments abroad of stainless steel bars and rods, angles, shapes and sectionses was finally on the rise to reach 6.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses surged to $27M in 2022. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Turkey in 2022:

1. Germany (758.2 tons)
2. Bulgaria (579.6 tons)
3. Israel (442.9 tons)
4. Uzbekistan (366.0 tons)
5. Serbia (327.7 tons)
6. Italy (309.8 tons)
7. Russia (288.8 tons)
8. Iran (278.0 tons)
9. Romania (252.4 tons)
10. Ukraine (188.7 tons)
11. Bosnia and Herzegovina (149.8 tons)
12. Saudi Arabia (149.1 tons)
13. Iraq (143.8 tons)

Source: IndexBox Market Intelligence Platform