Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $4,358 per ton in 2022, picking up by 7.6% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -25.3% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 63%. As a result, import price attained the peak level of $5,836 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($16,905 per ton), while the price for the UK ($1,308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), 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 Sri Lanka (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 $4,673 per ton, increasing by 112% against the previous year. Overall, the export price posted a perceptible increase. The export price peaked at $4,713 per ton in 2015; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($21,636 per ton), while the average price for exports to Maldives ($1,449 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 Bangladesh (+22.1%), 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 Sri Lanka
In 2022, the amount of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia imported into Sri Lanka expanded slightly to 28 tons, growing by 3.8% compared with 2021. Over the period under review, imports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 4% against the previous year. As a result, imports attained the peak of 63 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $123K in 2022. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports reached the peak of $260K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 134 | 114 | 57.6 | 103 | -8.4% |
| Singapore | 0.1 | 16.4 | 20.8 | 5.6 | 282.6% |
| India | 11.4 | 39.2 | 2.5 | 4.2 | -28.3% |
| Turkey | 30.3 | 22.9 | 4.2 | 0.4 | -76.4% |
| Others | 48.3 | 67.8 | 25.1 | 9.8 | -41.2% |
| Total | 225 | 260 | 110 | 123 | -18.2% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Sri Lanka in 2022:
- China (25.6 tons)
- Singapore (1.1 tons)
- India (0.6 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka
After three years of growth, overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -90% to 110 kg in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 104% against the previous year.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia shrank sharply to $514 in 2022. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 978 | 1,024 | 86.0 | 238 | -37.6% |
| Bangladesh | 206 | 482 | 1,011 | 147 | -10.6% |
| Maldives | 42.0 | 321 | 1,016 | 129 | 45.4% |
| Others | N/A | N/A | 315 | N/A | 0% |
| Total | 1,226 | 1,827 | 2,428 | 514 | -25.2% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Sri Lanka in 2022:
- Maldives (89.0 kg)
- Ethiopia (11.0 kg)
- Bangladesh (10.0 kg)
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