Price for Steel, Alloy; Semi-Finished Products in Sri Lanka - 2021
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Sri Lanka (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Sri Lanka (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Sri Lanka
- Exports of Steel, Alloy; Semi-Finished Products in Sri Lanka
Price for Steel, Alloy; Semi-Finished Products in Sri Lanka (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $5,152 per ton, shrinking by -29.9% against the previous year. In general, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 99%. Over the period under review, average import prices hit record highs at $10,231 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($29,806 per ton), while the price for China ($3,903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Sri Lanka (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $9,262 per ton, with an increase of 734% 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.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +27.6% per year.
Imports of Steel, Alloy; Semi-Finished Products in Sri Lanka
In 2022, supplies from abroad of steel, alloy; semi-finished productses was finally on the rise to reach 18 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel, alloy; semi-finished products imports soared to $93K in 2022. Overall, imports, however, saw a slight downturn.
| Import of Steel, Alloy; Semi-Finished Products in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 18.2 | 12.7 | 52.6 | 40.9% |
| Germany | 15.9 | 1.4 | 0.2 | 24.1 | 14.9% |
| Japan | 0.9 | 0.1 | 0.1 | 13.8 | 148.4% |
| Austria | 29.0 | 1.8 | 0.4 | 2.1 | -58.3% |
| India | 4.7 | 0.6 | 0.3 | 0.1 | -72.3% |
| Hong Kong SAR | 7.6 | N/A | N/A | N/A | 0% |
| Malaysia | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Taiwan (Chinese) | 16.9 | 2.7 | 2.0 | N/A | -65.6% |
| Others | 3.3 | 0.5 | 1.3 | N/A | -37.2% |
| Total | 97.5 | 25.3 | 17.0 | 92.7 | -1.7% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Sri Lanka in 2022:
- India (undefined tons)
- China (13.5 tons)
- Japan (3.0 tons)
- Germany (1.5 tons)
- Austria (0.1 tons)
Exports of Steel, Alloy; Semi-Finished Products in Sri Lanka
In 2022, shipments abroad of steel, alloy; semi-finished productses decreased by -97.7% to 42 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 41%.
In value terms, steel, alloy; semi-finished products exports declined significantly to $389 in 2022. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports attained the peak of $3.6K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Steel, Alloy; Semi-Finished Products in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,059 | 466 | 652 | 389 | -28.4% |
| Austria | N/A | 2,305 | N/A | N/A | 0% |
| India | 557 | 319 | 442 | N/A | -10.9% |
| Maldives | 579 | 504 | 817 | N/A | 18.8% |
| Others | N/A | N/A | 81.0 | N/A | 0% |
| Total | 2,195 | 3,594 | 1,992 | 389 | -43.8% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Sri Lanka in 2022:
- Germany (42.0 kg)
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