Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland - 2023

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland (CIF) - 2023
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland (FOB) - 2022
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland (CIF) - 2023

The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $7,019 per ton in October 2023, shrinking by -17.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 26% month-to-month. The import price peaked at $9,135 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($9,456 per ton), while the price for the Netherlands ($2,034 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland (FOB) - 2022

In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,665 per ton, rising by 37% against the previous year. In general, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 57%. Over the period under review, the average export prices reached the maximum at $11,215 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Singapore ($25,417 per ton), while the average price for exports to the UK ($3,123 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 Singapore (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland

In 2022, overseas purchases of stainless steel bars and rods, angles, shapes and sectionses increased by 4.6% to 4.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a noticeable decrease.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $35M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +61.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Ireland in 2022:

1. United Kingdom (2199.2 tons)
2. Italy (448.0 tons)
3. Germany (353.6 tons)
4. India (299.7 tons)
5. Netherlands (193.6 tons)
6. Malaysia (134.1 tons)
7. United States (124.2 tons)
8. Taiwan (Chinese) (94.2 tons)
9. France (4.7 tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ireland

After three years of growth, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses decreased by -31.9% to 469 tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 689 tons, and then fell dramatically in the following year.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses fell to $2.7M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $2.9M, and then shrank in the following year.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Ireland in 2022:

1. United Kingdom (348.9 tons)
2. United States (40.1 tons)
3. Vietnam (37.7 tons)
4. Germany (13.8 tons)
5. Japan (1.4 tons)

Source: IndexBox Market Intelligence Platform