Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany (CIF) - 2023
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany (FOB) - 2023
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany (CIF) - 2023

In August 2023, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,337 per ton, waning by -9.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 9.9% m-o-m. Over the period under review, average import prices attained the maximum at $4,861 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Norway ($12,483 per ton), while the price for Malaysia ($4,513 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Norway (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany (FOB) - 2023

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $5,182 per ton in August 2023, remaining constant against the previous month. Over the last eight months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2023 an increase of 5.4% month-to-month. Over the period under review, the average export prices attained the maximum at $5,336 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($14,031 per ton), while the average price for exports to Algeria ($2,998 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany

In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms imported into Germany amounted to 223K tons, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $1B in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Germany in 2022:

1. Italy (47.2K tons)
2. France (45.0K tons)
3. Finland (33.8K tons)
4. Belgium (19.3K tons)
5. Romania (18.4K tons)
6. Spain (17.0K tons)
7. Netherlands (12.3K tons)
8. Sweden (4.6K tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Germany

In 2022, approx. 189K tons of stainless steel; flat-rolled products of width less than 600mms were exported from Germany; approximately equating the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of 191K tons, leveling off in the following year.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $958M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Germany in 2022:

1. Austria (27.9K tons)
2. Poland (19.5K tons)
3. Czech Republic (17.5K tons)
4. France (17.2K tons)
5. Italy (15.1K tons)
6. Netherlands (12.2K tons)
7. Sweden (9.9K tons)
8. Switzerland (9.0K tons)
9. United Kingdom (8.1K tons)
10. Spain (5.4K tons)
11. United States (5.1K tons)
12. Hungary (4.9K tons)
13. Belgium (4.6K tons)

Source: IndexBox Market Intelligence Platform