Price for Stainless Steel in Ingots or Other Primary Forms in Slovakia - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Slovakia (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Slovakia (FOB) - 2023
- Imports of Stainless Steel in Ingots or Other Primary Forms in Slovakia
- Exports of Stainless Steel in Ingots or Other Primary Forms in Slovakia
Price for Stainless Steel in Ingots or Other Primary Forms in Slovakia (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $13,815 per ton, with an increase of 6.9% against the previous year. In general, the import price showed a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 664%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($132,535 per ton), while the price for the United States ($2,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Slovakia (FOB) - 2023
In July 2023, the average export price for stainless steel in ingots or other primary forms amounted to $14,675 per ton, picking up by 5.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 10% m-o-m. The export price peaked in July 2023.
As there is only one major export destination, the average price level is determined by prices for the Czech Republic.
From July 2022 to July 2023, the rate of growth in terms of prices for the Czech Republic amounted to +0.9% per month.
Imports of Stainless Steel in Ingots or Other Primary Forms in Slovakia
In 2022, the amount of stainless steel in ingots or other primary forms imported into Slovakia fell rapidly to 450 tons, reducing by -17.9% compared with the previous year. In general, imports saw a significant decline.
In value terms, imports of stainless steel in ingots or other primary forms reduced to $6.2M in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 2.1% against the previous year. As a result, imports reached the peak of $7.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Stainless Steel in Ingots or Other Primary Forms in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1.2 | 4.5 | 4.0 | 4.9 | 59.8% |
| Germany | 1.0 | 2.4 | 2.5 | 0.7 | -11.2% |
| Austria | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Croatia | 2.1 | N/A | N/A | N/A | 0% |
| France | N/A | N/A | N/A | N/A | 0% |
| Poland | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Others | 3.0 | 0.6 | 0.2 | 0.3 | -53.6% |
| Total | 7.7 | 7.9 | 7.1 | 6.2 | -7.0% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Slovakia in 2022:
- Czech Republic (373.2 tons)
- Germany (46.1 tons)
- Austria (12.7 tons)
- France (8.9 tons)
- Poland (5.3 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Slovakia
In 2022, overseas shipments of stainless steel in ingots or other primary forms were finally on the rise to reach 235 tons after two years of decline. Overall, exports, however, faced a dramatic decrease.
In value terms, exports of stainless steel in ingots or other primary forms rose sharply to $3.2M in 2022. Over the period under review, exports, however, continue to indicate a dramatic descent.
| Export of Stainless Steel in Ingots or Other Primary Forms in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1.9 | 4.5 | 2.6 | 3.1 | 17.7% |
| Italy | 4.1 | N/A | N/A | N/A | 0% |
| Germany | 1.4 | 0.2 | 0.2 | N/A | -62.2% |
| Others | 0.9 | 0.2 | 0.1 | 0.1 | -51.9% |
| Total | 8.3 | 4.9 | 2.9 | 3.2 | -27.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Slovakia in 2022:
- Czech Republic (234.3 tons)
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