Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece - 2023

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (CIF) - 2022
  2. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (FOB) - 2022
  3. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece
  4. Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (CIF) - 2022

In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $12,905 per ton, picking up by 26% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 142% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($13,971 per ton), while the price for the UK totaled $12,353 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (FOB) - 2022

The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $2,735,750 per ton in 2022, picking up by 44,435% against the previous year. Over the period under review, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,025,429 per ton), while the average price for exports to Denmark totaled $708,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+27.8%).

Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece

In 2022, approx. 4.7 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were imported into Greece; which is down by -30.8% against the previous year's figure. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 222% against the previous year. As a result, imports attained the peak of 6.8 tons, and then fell remarkably in the following year.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced to $61K in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 435% against the previous year. As a result, imports reached the peak of $70K, and then contracted in the following year.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1.65.251.245.0204.1%
SpainN/AN/AN/A14.50%
Germany0.2N/A13.3N/A715.5%
Italy15.97.50.5N/A-82.3%
Romania1.4N/AN/AN/A0%
Others0.90.34.61.16.9%
Total20.113.069.660.644.5%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Greece in 2022:

  1. United Kingdom (3.6 tons)
  2. Spain (1.0 tons)

Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece

In 2022, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia from Greece expanded markedly to 8 kg, increasing by 14% compared with the previous year's figure. The total export volume increased at an average annual rate of +14.3% over the period from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $22K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Greece (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
United StatesN/A21.20%
DenmarkN/A0.70%
MontenegroN/AN/A0%
OthersN/AN/A0%
TotalN/A21.90%

Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Greece in 2022:

  1. United States (7.0 kg)
  2. Denmark (1.0 kg)

Source: IndexBox Market Intelligence Platform

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