Price for Steel, Stainless; Angles, Shapes and Sections in Pakistan - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Pakistan (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Pakistan (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Pakistan
- Exports of Steel, Stainless; Angles, Shapes and Sections in Pakistan
Price for Steel, Stainless; Angles, Shapes and Sections in Pakistan (CIF) - 2022
The average import price for steel, stainless stood at $987 per ton in 2022, shrinking by -16.6% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 329% against the previous year. The import price peaked at $1,693 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,106 per ton), while the price for the United States ($722 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.0%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Angles, Shapes and Sections in Pakistan (FOB) - 2022
The average export price for steel, stainless stood at $6,747 per ton in 2022, jumping by 78% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 292% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -9.4% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Pakistan
In 2022, purchases abroad of steel, stainless was finally on the rise to reach 125 tons after two years of decline. In general, imports, however, saw a significant curtailment.
In value terms, imports of steel, stainless soared to $123K in 2022. Over the period under review, imports, however, continue to indicate a sharp slump.
| Import of Steel, Stainless; Angles, Shapes and Sections in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 575 | 301 | 77.7 | 65.3 | -51.6% |
| Italy | N/A | N/A | N/A | 15.9 | 0% |
| United States | 0.6 | 1.7 | 3.0 | 14.4 | 188.4% |
| Malaysia | 2.4 | 2.1 | N/A | 7.9 | 48.8% |
| Japan | 87.0 | 27.5 | N/A | N/A | -68.4% |
| Switzerland | 91.5 | N/A | N/A | N/A | 0% |
| Others | 19.1 | 1.6 | 11.7 | 19.9 | 1.4% |
| Total | 776 | 334 | 92.3 | 123 | -45.9% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Pakistan in 2022:
- China (59.0 tons)
- United States (20.0 tons)
- Italy (15.0 tons)
- Malaysia (9.0 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Pakistan
In 2022, exports of steel, stainless from Pakistan declined notably to 103 kg, falling by -97.5% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp reduction.
In value terms, exports of steel, stainless contracted sharply to $692 in 2022. Overall, exports recorded a precipitous setback.
| Export of Steel, Stainless; Angles, Shapes and Sections in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Sweden | N/A | 0.7 | 0% | ||
| Turkey | 11.6 | N/A | 0% | ||
| Others | 3.9 | N/A | 0% | ||
| Total | 15.6 | 0.7 | -95.5% | ||
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Pakistan in 2022:
- Sweden (103.0 kg)
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