Alloy Steel Powders Price in India - 2023

Alloy Steel Powders Price in India (CIF) - 2023

The average alloy steel powders import price stood at $4,876 per ton in July 2023, reducing by -24% against the previous month. In general, the import price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in December 2022 an increase of 127% month-to-month. As a result, import price attained the peak level of $8,265 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($15,818 per ton), while the price for Canada ($1,354 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Alloy Steel Powders Price in India (FOB) - 2022

In 2022, the average alloy steel powders export price amounted to $8,550 per ton, jumping by 25% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 197%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($9,220 per ton), while the average price for exports to Turkey ($7,418 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Alloy Steel Powders Imports in India

In 2022, approx. 3.7K tons of alloy steel powderses were imported into India; almost unchanged from the previous year's figure. Over the period under review, imports, however, showed a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 46%.

In value terms, alloy steel powders imports contracted modestly to $12M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of $13M, and then fell slightly in the following year.

Import of Alloy Steel Powders in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	2.7	1.9	2.8	2.7	0.0%
China	0.9	1.2	1.9	1.9	28.3%
Canada	1.9	0.7	1.5	1.4	-9.7%
Netherlands	0.2	0.2	1.2	1.2	81.7%
Germany	1.1	0.9	1.2	1.2	2.9%
Sweden	0.2	0.2	0.8	0.8	58.7%
United States	0.9	0.5	0.6	0.6	-12.6%
Others	1.7	1.2	2.6	2.4	12.2%
Total	9.7	6.9	12.5	12.3	8.2%

Top Suppliers of Alloy Steel Powders to India in 2022:

Canada (1338.4 tons)
Germany (688.3 tons)
China (585.2 tons)
Sweden (448.0 tons)
United Kingdom (295.7 tons)
United States (120.4 tons)
Netherlands (98.9 tons)

Alloy Steel Powders Exports in India

In 2022, the amount of alloy steel powderses exported from India reduced to 91 tons, declining by -8.1% compared with the year before. In general, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 306% against the previous year. As a result, the exports reached the peak of 99 tons, and then declined in the following year.

In value terms, alloy steel powders exports expanded sharply to $780K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,105% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Alloy Steel Powders in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	15.2	N/A	304	398	196.9%
Turkey	6.2	15.6	180	236	236.4%
United Kingdom	146	0.2	111	146	0.0%
Sweden	N/A	26.4	N/A	N/A	0%
Indonesia	N/A	10.8	9.4	N/A	-13.0%
Tanzania	9.1	N/A	N/A	N/A	0%
Taiwan (Chinese)	N/A	2.2	59.9	N/A	2622.7%
Iran	52.9	N/A	N/A	N/A	0%
Others	17.1	1.2	15.1	0.4	-71.4%
Total	247	56.4	680	780	46.7%