Price for Steel, Alloy; Angles, Shapes and Sections in India - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in India (CIF) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in India (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in India
- Exports of Steel, Alloy; Angles, Shapes and Sections in India
Price for Steel, Alloy; Angles, Shapes and Sections in India (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $1,814 per ton, growing by 27% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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, alloy; angles, shapes and sectionses increased by +127.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,896 per ton), while the price for China ($1,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Angles, Shapes and Sections in India (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $837 per ton in 2022, rising by 13% against the previous year. In general, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 132%. The export price peaked at $1,558 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,159 per ton), while the average price for exports to Vietnam ($826 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 (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in India
Imports of steel, alloy; angles, shapes and sectionses into India declined to 7.3K tons in 2022, waning by -14.6% compared with the previous year's figure. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. As a result, imports attained the peak of 8.5K tons, and then shrank in the following year.
In value terms, imports of steel, alloy; angles, shapes and sectionses rose significantly to $13M in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 279% 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 immediate term.
| Import of Steel, Alloy; Angles, Shapes and Sections in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 1.3 | 8.3 | 5.4 | 103.8% |
| Japan | 1.9 | 0.4 | 2.0 | 3.8 | 26.0% |
| Belgium | N/A | N/A | 0.2 | 1.9 | 850.0% |
| Germany | 1.4 | 0.2 | 0.2 | 0.5 | -29.1% |
| United Kingdom | 0.1 | 0.5 | 0.6 | 0.4 | 58.7% |
| China | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Singapore | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.4 | 0.5 | 0.8 | 38.7% |
| Total | 4.9 | 3.2 | 12.2 | 13.2 | 39.1% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to India in 2022:
- France (2.9K tons)
- Japan (2.3K tons)
- Belgium (1.0K tons)
- China (0.3K tons)
- Germany (0.3K tons)
- United Kingdom (0.2K tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in India
In 2022, exports of steel, alloy; angles, shapes and sectionses from India dropped markedly to 5.6K tons, with a decrease of -68.6% compared with 2021. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 229%. As a result, the exports reached the peak of 18K tons, and then fell significantly in the following year.
In value terms, exports of steel, alloy; angles, shapes and sectionses declined notably to $4.7M in 2022. Overall, exports, however, posted a moderate expansion. The growth pace was the most rapid in 2021 with an increase of 332% against the previous year. As a result, the exports attained the peak of $13M, and then dropped markedly in the following year.
| Export of Steel, Alloy; Angles, Shapes and Sections in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 4.0 | 2.8 | 10.0 | 3.8 | -1.7% |
| Vietnam | N/A | N/A | 3.2 | 0.9 | -71.9% |
| Others | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Total | 4.1 | 3.1 | 13.3 | 4.7 | 4.7% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from India in 2022:
- Bangladesh (4.5K tons)
- Vietnam (1.1K tons)
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