Price for Stainless Steel in Ingots or Other Primary Forms in Jordan - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Jordan (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Jordan (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Jordan
- Exports of Stainless Steel in Ingots or Other Primary Forms in Jordan
Price for Stainless Steel in Ingots or Other Primary Forms in Jordan (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $5,943 per ton, picking up by 23% against the previous year. Overall, the import price showed a moderate increase. The growth pace was the most rapid in 2016 an increase of 71% against the previous year. The import price peaked in 2022 and is likely to see steady 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 the UK ($5,856 per ton), while the price for the United Arab Emirates ($5,855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+87.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Jordan (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $2,895 per ton in 2022, increasing by 7.5% against the previous year. In general, the export price, however, showed a sharp decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $27,444 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Free Zones.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to +75.3% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Jordan
After two years of decline, supplies from abroad of stainless steel in ingots or other primary forms increased by 3,129% to 5 tons in 2022. Overall, imports, however, continue to indicate a dramatic downturn.
In value terms, imports of stainless steel in ingots or other primary forms surged to $30K in 2022. In general, imports, however, continue to indicate a significant decrease.
| Import of Stainless Steel in Ingots or Other Primary Forms in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2,530 | N/A | N/A | 11.4 | -83.5% |
| United Arab Emirates | 6.3 | 0.7 | N/A | 8.6 | 10.9% |
| United Kingdom | 17.9 | 1.8 | N/A | 1.3 | -58.3% |
| Others | 232 | 4.7 | 0.8 | 8.7 | -66.5% |
| Total | 2,786 | 7.2 | 0.8 | 29.9 | -77.9% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Jordan in 2022:
- Turkey (1.9 tons)
- United Arab Emirates (1.5 tons)
- United Kingdom (0.2 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Jordan
In 2022, approx. 9.2 tons of stainless steel in ingots or other primary forms were exported from Jordan; jumping by 299% on the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 397% against the previous year. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel in ingots or other primary forms skyrocketed to $27K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 358% against the previous year. As a result, the exports attained the peak of $47K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stainless Steel in Ingots or Other Primary Forms in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 6.7 | 9.7 | 1.2 | 26.7 | 58.5% |
| India | N/A | 37.5 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 5.0 | N/A | 0% |
| Sudan | 3.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.3 | 47.2 | 6.2 | 26.7 | 37.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Jordan in 2022:
- Free Zones (9.2 tons)
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