Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (FOB) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (CIF) - 2022
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $941 per ton in January 2024, surging by 6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 6.7% month-to-month. Over the period under review, the average export prices attained the maximum at $1,025 per ton in April 2023; however, from May 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In January 2024, the countries with the highest prices were Italy ($1,073 per ton) and Oman ($984 per ton), while the average price for exports to Spain ($768 per ton) and Poland ($769 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $2,170 per ton, surging by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,817 per ton), while the price for China ($1,715 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of steel alloy wire of materials other than silico-manganese steels, which increased by 0.2% to 230K tons in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 179% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels amounted to $262M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.1 | 5.2 | 15.2 | 28.5 | 195.9% |
| Italy | 0.1 | 3.1 | 21.2 | 28.2 | 555.8% |
| Netherlands | 1.1 | 12.5 | 39.7 | 27.1 | 191.0% |
| Spain | 6.5 | 12.8 | 20.3 | 25.1 | 56.9% |
| United Kingdom | 5.4 | 10.0 | 22.0 | 17.9 | 49.1% |
| Germany | 0.4 | 2.6 | 5.6 | 16.6 | 246.2% |
| France | 1.3 | 2.3 | 10.4 | 16.3 | 132.3% |
| Portugal | 1.6 | 5.5 | 11.3 | 10.7 | 88.4% |
| Colombia | 3.3 | 2.8 | 10.1 | 9.7 | 43.2% |
| Romania | 0.5 | 3.9 | 7.5 | 9.6 | 167.8% |
| Morocco | 1.3 | 0.7 | 3.0 | 7.7 | 80.9% |
| Bulgaria | 3.2 | 5.3 | 6.3 | 6.4 | 26.0% |
| Latvia | 0.1 | 0.5 | 2.4 | 3.8 | 236.2% |
| Others | 12.5 | 34.2 | 60.2 | 54.1 | 63.0% |
| Total | 38.3 | 101 | 235 | 262 | 89.8% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Turkey in 2022:
- Poland (26.1K tons)
- Netherlands (25.0K tons)
- Italy (23.3K tons)
- Spain (21.7K tons)
- Germany (15.0K tons)
- United Kingdom (14.8K tons)
- France (14.4K tons)
- Portugal (9.4K tons)
- Colombia (9.1K tons)
- Romania (8.8K tons)
- Morocco (7.3K tons)
- Bulgaria (6.1K tons)
- Latvia (4.0K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey
In 2022, imports of steel alloy wire of materials other than silico-manganese steels into Turkey contracted to 13K tons, declining by -4.1% compared with 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +45.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of 13K tons, and then fell in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels rose rapidly to $28M in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 3.2 | 5.3 | 8.1 | 26.5% |
| Germany | 2.0 | 2.7 | 3.4 | 6.0 | 44.2% |
| Czech Republic | 0.9 | 1.7 | 3.6 | 5.1 | 78.3% |
| South Korea | 1.6 | 1.3 | 2.5 | 1.9 | 5.9% |
| Italy | 1.7 | 1.0 | 2.6 | 1.8 | 1.9% |
| Spain | 0.9 | 0.9 | 2.1 | 1.1 | 6.9% |
| Sweden | 1.1 | 1.5 | 1.6 | 1.0 | -3.1% |
| Belgium | 0.2 | 0.1 | 0.7 | 0.6 | 44.2% |
| Others | 1.5 | 1.4 | 2.4 | 2.2 | 13.6% |
| Total | 13.9 | 13.9 | 24.3 | 27.9 | 26.1% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Turkey in 2022:
- China (4.7K tons)
- Germany (2.7K tons)
- Czech Republic (1.9K tons)
- Italy (0.8K tons)
- South Korea (0.7K tons)
- Spain (0.6K tons)
- Belgium (0.3K tons)
- Sweden (0.2K tons)
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