Price for Steel, Stainless; Ingots and Other Primary Forms in Serbia - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Serbia (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Serbia (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Serbia
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Serbia
Price for Steel, Stainless; Ingots and Other Primary Forms in Serbia (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $8,904 per ton in 2022, growing by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2019 an increase of 33%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 UK ($9,579 per ton), while the price for Bosnia and Herzegovina amounted to $3,283 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Serbia (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $6,775 per ton, growing by 367% against the previous year. Overall, the export price continues to indicate a resilient increase. The export price peaked at $10,144 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +70.9% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Serbia
For the fourth consecutive year, Serbia recorded growth in purchases abroad of steel, stainless; ingots and other primary formses, which increased by 8.9% to 1.1 tons in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $10K in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.3 | 2.5 | 4.0 | 9.6 | 94.7% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 0.4 | 0% |
| Germany | 0.7 | 1.5 | 1.6 | N/A | 51.2% |
| Sweden | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Netherlands | 0.9 | 0.8 | 0.2 | N/A | -52.9% |
| United States | 1.2 | 1.5 | 2.1 | N/A | 32.3% |
| Turkey | 0.1 | 0.4 | 0.3 | N/A | 73.2% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.2 | 6.7 | 8.3 | 10.0 | 33.5% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Serbia in 2022:
- United Kingdom (1000.0 kg)
- Bosnia and Herzegovina (120.0 kg)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Serbia
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Serbia reduced markedly to 600 kg, shrinking by -92.9% compared with 2021 figures. In general, exports faced a dramatic downturn.
In value terms, exports of steel, stainless; ingots and other primary formses declined remarkably to $4.1K in 2022. Overall, exports faced a precipitous curtailment.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Bosnia and Herzegovina | 6.3 | 4.1 | -34.9% | ||
| Italy | 5.9 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 12.3 | 4.1 | -66.7% | ||
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Serbia in 2022:
- Bosnia and Herzegovina (600.0 kg)
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