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

Contents:

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

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

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $23,663 per ton in 2022, shrinking by -2.7% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 100%. The import price peaked at $24,319 per ton in 2021, and then contracted modestly in the following year.

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 the Netherlands ($36,698 per ton), while the price for Taiwan (Chinese) ($5,494 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.7%), 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 Hong Kong SAR (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $9,835 per ton, which is down by -48.7% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 97% against the previous year. The export price peaked at $19,186 per ton in 2021, and then dropped dramatically in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,045 per ton), while the average price for exports to Thailand amounted to $7,400 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%).

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

In 2022, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -60% to 591 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s reduced remarkably to $14M in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $36M, and then declined notably in the following year.

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

1. Japan (230.0 tons)
2. United States (225.4 tons)
3. Thailand (78.3 tons)
4. China (15.6 tons)
5. South Korea (14.1 tons)
6. Germany (10.8 tons)
7. Netherlands (10.1 tons)

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

In 2022, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Hong Kong SAR fell remarkably to 818 tons, waning by -57.1% against the year before. Over the period under review, exports faced a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of 1.9K tons, and then declined markedly in the following year.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined sharply to $8M in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of $37M, and then declined dramatically in the following year.

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

1. China (736.3 tons)
2. Thailand (78.7 tons)