Price for Steel, Stainless; Angles, Shapes and Sections in Ireland - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Ireland (CIF) - 2023
- Price for Steel, Stainless; Angles, Shapes and Sections in Ireland (FOB) - 2023
- Imports of Steel, Stainless; Angles, Shapes and Sections in Ireland
- Exports of Steel, Stainless; Angles, Shapes and Sections in Ireland
Price for Steel, Stainless; Angles, Shapes and Sections in Ireland (CIF) - 2023
In December 2023, the average import price for steel, stainless amounted to $7,884 per ton, with a decrease of -23.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 48% against the previous month. Over the period under review, average import prices attained the peak figure at $10,336 per ton in November 2023, and then contracted remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($11,560 per ton), while the price for Italy ($4,964 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Ireland (FOB) - 2023
In December 2023, the average export price for steel, stainless amounted to $2,385 per ton, falling by -35.1% against the previous month. Overall, the export price, however, showed tangible growth. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 168% m-o-m. Over the period under review, the average export prices reached the peak figure at $9,903 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($11,682 per ton), while the average price for exports to the UK stood at $1,639 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Stainless; Angles, Shapes and Sections in Ireland
In 2022, the amount of steel, stainless imported into Ireland skyrocketed to 1.5K tons, with an increase of 21% against the previous year. Overall, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, stainless skyrocketed to $14M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Steel, Stainless; Angles, Shapes and Sections in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 3.2 | 4.3 | 5.5 | 11.7 | 54.1% |
India | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
Italy | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
Netherlands | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Germany | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
Others | 1.2 | 0.7 | 0.9 | 0.8 | -12.6% |
Total | 5.2 | 5.9 | 7.3 | 13.5 | 37.4% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Ireland in 2022:
- United Kingdom (1206.6 tons)
- India (117.7 tons)
- Italy (75.5 tons)
- Netherlands (48.0 tons)
- Germany (26.2 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Ireland
Exports of steel, stainless from Ireland rose remarkably to 313 tons in 2022, growing by 6.3% on 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,358% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, stainless dropped to $1.2M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 947% against the previous year. As a result, the exports attained the peak of $1.4M, and then contracted in the following year.
Export of Steel, Stainless; Angles, Shapes and Sections in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 7.2 | 7.1 | 842 | 663 | 351.6% |
Vietnam | 147 | 67.3 | 460 | 422 | 42.1% |
Switzerland | 9.6 | 5.5 | 5.7 | 74.4 | 97.9% |
United States | 2.4 | 36.0 | 23.1 | 26.3 | 122.1% |
Others | 61.0 | 13.2 | 21.2 | 2.7 | -64.6% |
Total | 227 | 129 | 1,352 | 1,189 | 73.7% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Ireland in 2022:
- United Kingdom (261.9 tons)
- Vietnam (32.0 tons)
- Switzerland (13.9 tons)
- United States (5.1 tons)
This report provides an in-depth analysis of the stainless steel angle market in Ireland.
This report provides an in-depth analysis of the market for forged stainless steel bar in Ireland.
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Ireland.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Ireland.
This report provides an in-depth analysis of the global stainless steel angle market.
This report provides an in-depth analysis of the global market for forged stainless steel bar.
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
This report provides an in-depth analysis of the stainless steel angle market in Ireland.
This report provides an in-depth analysis of the market for forged stainless steel bar in Ireland.
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
Global demand for forged stainless steel bar is forecasted to increase over the next seven years, with the market volume expected to reach 4.3M tons and value to reach $22.1B by 2030. China leads in consumption and production, while India and the United States also play significant roles in the market. Import and export prices and trends are analyzed, with India emerging as a major exporter of forged stainless steel bars.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...