Alloy Steel Powders Price in China - 2023
Contents:
- Alloy Steel Powders Price in China (CIF) - 2023
- Alloy Steel Powders Price in China (FOB) - 2023
- Alloy Steel Powders Imports in China
- Alloy Steel Powders Exports in China
Alloy Steel Powders Price in China (CIF) - 2023
The average alloy steel powders import price stood at $3,076 per ton in June 2023, declining by -13.8% against the previous month. Over the period under review, the import price saw a mild slump. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices reached the maximum at $4,081 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($13,074 per ton), while the price for Canada ($1,393 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Alloy Steel Powders Price in China (FOB) - 2023
In June 2023, the average alloy steel powders export price amounted to $3,283 per ton, waning by -5.5% against the previous month. Over the period under review, the export price saw a slight contraction. The growth pace was the most rapid in May 2023 when the average export price increased by 35% month-to-month. The export price peaked at $3,965 per ton in October 2022; however, from November 2022 to June 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 Thailand ($7,364 per ton), while the average price for exports to Italy ($861 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Alloy Steel Powders Imports in China
In 2022, supplies from abroad of alloy steel powderses decreased by -21.5% to 55K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year.
In value terms, alloy steel powders imports fell to $188M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $216M, and then declined in the following year.
| Import of Alloy Steel Powders in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 36.7 | 46.9 | 69.6 | 56.9 | 15.7% |
| Japan | 42.0 | 51.7 | 61.3 | 48.3 | 4.8% |
| United States | 17.7 | 20.1 | 26.4 | 26.0 | 13.7% |
| Belgium | 6.8 | 8.5 | 9.9 | 16.7 | 34.9% |
| Canada | 8.4 | 13.6 | 15.5 | 13.4 | 16.8% |
| United Kingdom | 10.2 | 15.8 | 15.5 | 8.4 | -6.3% |
| Romania | 3.2 | 2.7 | 4.4 | 3.7 | 5.0% |
| Others | 14.8 | 9.9 | 13.8 | 14.4 | -0.9% |
| Total | 140 | 169 | 216 | 188 | 10.3% |
Top Suppliers of Alloy Steel Powders to China in 2022:
- Sweden (22.5K tons)
- United States (9.9K tons)
- Japan (9.4K tons)
- Canada (8.4K tons)
- Belgium (1.5K tons)
- Romania (1.3K tons)
- United Kingdom (0.7K tons)
Alloy Steel Powders Exports in China
In 2022, shipments abroad of alloy steel powderses decreased by -34.1% to 21K tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of 44K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, alloy steel powders exports reduced to $58M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15%.
| Export of Alloy Steel Powders in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 12.3 | 15.5 | 15.2 | 15.2 | 7.3% |
| Germany | 2.5 | 2.4 | 2.5 | 5.1 | 26.8% |
| Taiwan (Chinese) | 4.9 | 6.3 | 7.6 | 4.7 | -1.4% |
| India | 3.6 | 4.0 | 5.8 | 4.7 | 9.3% |
| United States | 5.2 | 3.2 | 4.5 | 4.4 | -5.4% |
| Japan | 3.7 | 4.5 | 5.7 | 3.4 | -2.8% |
| Thailand | 2.6 | 3.0 | 4.1 | 2.7 | 1.3% |
| Vietnam | 1.5 | 1.3 | 1.6 | 2.5 | 18.6% |
| Mexico | 0.9 | 0.8 | 1.7 | 2.0 | 30.5% |
| Indonesia | 1.5 | 1.1 | 1.4 | 1.2 | -7.2% |
| Poland | 1.0 | 0.8 | 0.3 | 1.0 | 0.0% |
| Belgium | 0.7 | 1.0 | 1.5 | 1.0 | 12.6% |
| United Arab Emirates | 0.1 | 0.8 | 0.7 | 0.7 | 91.3% |
| Others | 12.3 | 15.7 | 10.3 | 9.2 | -9.2% |
| Total | 52.7 | 60.4 | 62.9 | 57.7 | 3.1% |
Top Export Markets for Alloy Steel Powders from China in 2022:
- South Korea (4.4K tons)
- United States (1.7K tons)
- Vietnam (1.7K tons)
- Taiwan (Chinese) (1.3K tons)
- Mexico (1.1K tons)
- Japan (1.0K tons)
- Germany (1.0K tons)
- Thailand (0.9K tons)
- India (0.8K tons)
- United Arab Emirates (0.7K tons)
- Poland (0.7K tons)
- Belgium (0.7K tons)
- Indonesia (0.6K tons)
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