Price for Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka
Price for Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $4,010 per ton in 2022, picking up by 28% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of 99%. The import price peaked at $7,160 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,095 per ton), while the price for India amounted to $3,247 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $77 per ton, falling by -15.4% against the previous year. Overall, the export price faced a abrupt slump. The growth pace was the most rapid in 2019 when the average export price decreased by -1.8% against the previous year. Over the period under review, the average export prices hit record highs at $243 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -10.9% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in overseas purchases of steel, alloy; ingots and other primary formses, which increased by 42% to 725 kg in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 159%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $2.9K in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 416%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.7 | 0% |
| India | 0.3 | 0.3 | 1.6 | 0.2 | -12.6% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 0.9 | 0.3 | 1.6 | 2.9 | 47.7% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Sri Lanka in 2022:
- China (652.0 kg)
- India (73.0 kg)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas shipments of steel, alloy; ingots and other primary formses, which decreased by -11.4% to 39 kg in 2022. Over the period under review, exports faced a abrupt shrinkage.
In value terms, exports of steel, alloy; ingots and other primary formses declined notably to $3 in 2022. In general, exports recorded a precipitous decrease. The smallest decline of -20% was in 2021.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 7.0 | 5.0 | 4.0 | 3.0 | -24.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 5.0 | 4.0 | 3.0 | -24.6% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Sri Lanka in 2022:
- Maldives (39.0 kg)
370
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Sri Lanka.
4692
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
217
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2371
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1075
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
806
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
767
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
