Price for Steel, Stainless; Ingots and Other Primary Forms in Austria - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Austria (FOB) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Austria (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Austria
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Austria
Price for Steel, Stainless; Ingots and Other Primary Forms in Austria (FOB) - 2023
In October 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $3,574 per ton, which is down by -27.6% against the previous month. Over the period under review, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in January 2023 an increase of 21% m-o-m. Over the period under review, the average export prices hit record highs at $5,826 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Sweden amounted to +1.9% per month.
Price for Steel, Stainless; Ingots and Other Primary Forms in Austria (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $5,656 per ton, rising by 5.5% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% 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; ingots and other primary formses increased by +34.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 41% against the previous year. The import price peaked at $6,047 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Germany ($5,681 per ton), while the price for Sweden ($2,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Austria
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Austria reduced dramatically to 10K tons, waning by -20.4% against the year before. In general, exports saw a abrupt downturn. The smallest decline of -7.6% was in 2020.
In value terms, exports of steel, stainless; ingots and other primary formses skyrocketed to $43M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern 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.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 33.3 | 26.8 | 31.6 | 37.5 | 4.0% |
| Sweden | 2.2 | 1.4 | 3.0 | 5.0 | 31.5% |
| Germany | 1.4 | 0.9 | 0.2 | 0.3 | -40.2% |
| Others | 0.6 | 2.3 | 0.7 | 0.4 | -12.6% |
| Total | 37.5 | 31.3 | 35.5 | 43.1 | 4.7% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Austria in 2022:
- Italy (8.9K tons)
- Sweden (0.8K tons)
- Germany (0.1K tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Austria
After two years of decline, overseas purchases of steel, stainless; ingots and other primary formses increased by 13% to 1K tons in 2022. Over the period under review, imports, however, recorded a noticeable descent.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $5.9M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.4 | 3.6 | 1.7 | 2.7 | 4.0% |
| Spain | N/A | N/A | 1.6 | 2.2 | 37.5% |
| Italy | 1.7 | 1.3 | 0.5 | 0.5 | -33.5% |
| Hungary | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.4 | 0.1 | 0.9 | 0.5 | 7.7% |
| Total | 4.7 | 5.1 | 4.9 | 5.9 | 7.9% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Austria in 2022:
- Germany (478.0 tons)
- Spain (410.0 tons)
- Italy (120.3 tons)
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