Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $8,527 per ton in 2022, surging by 31% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +110.5% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 33%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($21,515 per ton), while the price for Slovenia ($3,568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $8,923 per ton in 2022, picking up by 41% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 an increase of 65%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($26,696 per ton), while the average price for exports to Italy ($1,003 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 Germany (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria

In 2022, after three years of growth, there was significant decline in purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, when their volume decreased by -24.3% to 1.8K tons. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of 2.4K tons, and then contracted markedly in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted to $15M in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports reached the peak of $16M, and then fell slightly in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Austria in 2022:

1. Germany (1386.0 tons)
2. Slovenia (113.7 tons)
3. Hungary (84.1 tons)
4. Italy (83.3 tons)
5. Spain (47.5 tons)
6. China (45.0 tons)
7. Switzerland (16.6 tons)
8. France (1.7 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Austria

For the third consecutive year, Austria recorded decline in overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which decreased by -32.2% to 916 tons in 2022. Overall, exports saw a precipitous curtailment. The smallest decline of -11.3% was in 2021.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s shrank modestly to $8.2M in 2022. In general, exports showed a noticeable slump. The growth pace was the most rapid in 2021 when exports increased by 6.6% against the previous year.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Austria in 2022:

1. Italy (400.6 tons)
2. Germany (221.8 tons)
3. France (85.4 tons)
4. United States (81.1 tons)
5. India (18.2 tons)
6. Hungary (15.4 tons)
7. China (11.9 tons)
8. Poland (11.2 tons)
9. Switzerland (8.3 tons)