Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore - 2023
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (CIF) - 2022
In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $3,707 per ton, with a decrease of -12.4% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked at $7,910 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($101,616 per ton), while the price for Brazil ($1,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $5,258 per ton, jumping by 18% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The growth pace was the most rapid in 2019 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs at $8,843 per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($19,343 per ton), while the average price for exports to Myanmar ($981 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 Taiwan (Chinese) (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore
For the fourth consecutive year, Singapore recorded growth in supplies from abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, which increased by 45% to 8.4K tons in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $31M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 increased by +71.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 5.6 | 10.6 | 13.5 | 32.5% |
| Spain | 0.9 | 1.1 | 0.8 | 4.0 | 64.4% |
| Belgium | 0.7 | 0.1 | 0.6 | 3.2 | 66.0% |
| France | 1.0 | 0.5 | 0.6 | 2.2 | 30.1% |
| Japan | 5.8 | 2.2 | 2.9 | 2.1 | -28.7% |
| United States | 2.2 | 0.9 | 1.7 | 1.3 | -16.1% |
| South Korea | 1.0 | 2.4 | 1.3 | 0.9 | -3.5% |
| Italy | 0.3 | 2.5 | 2.8 | 0.5 | 18.6% |
| Germany | 0.1 | 0.8 | 0.3 | 0.4 | 58.7% |
| Others | 2.7 | 1.9 | 2.8 | 2.8 | 1.2% |
| Total | 20.5 | 18.1 | 24.5 | 31.1 | 14.9% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Singapore in 2022:
- China (5974.3 tons)
- Belgium (827.8 tons)
- France (496.6 tons)
- Spain (327.5 tons)
- Japan (224.2 tons)
- South Korea (158.7 tons)
- Germany (109.2 tons)
- United States (59.5 tons)
- Italy (39.0 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore
In 2022, approx. 2.3K tons of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were exported from Singapore; surging by 9.8% on the previous year. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +50.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia surged to $12M in 2022. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 77%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.8 | 1.8 | 4.5 | 5.7 | 46.8% |
| Malaysia | 5.7 | 1.5 | 1.3 | 2.4 | -25.0% |
| Thailand | 0.1 | 0.1 | 0.4 | 0.9 | 108.0% |
| Papua New Guinea | N/A | N/A | N/A | 0.2 | 0% |
| Myanmar | N/A | N/A | N/A | 0.1 | 0% |
| India | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Vietnam | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 1.8 | 1.3 | 2.8 | 2.5 | 11.6% |
| Total | 9.6 | 5.2 | 9.3 | 12.0 | 7.7% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Singapore in 2022:
- Indonesia (1436.5 tons)
- Malaysia (374.2 tons)
- Papua New Guinea (128.9 tons)
- Myanmar (78.9 tons)
- India (64.2 tons)
- Thailand (54.6 tons)
- Vietnam (24.3 tons)
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