Price for Chain and Parts Thereof, of Iron or Steel in Slovakia - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Slovakia (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Slovakia (FOB) - 2023
3. Imports of Chain and Parts Thereof, of Iron or Steel in Slovakia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Slovakia

Price for Chain and Parts Thereof, of Iron or Steel in Slovakia (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $9,628 per ton in 2022, with an increase of 27% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain and parts thereof, of iron or steel increased by +114.6% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($17,478 per ton), while the price for China ($5,042 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Slovakia (FOB) - 2023

In December 2023, the average export price for chain and parts thereof, of iron or steel amounted to $16,756 per ton, jumping by 69% against the previous month. Over the period under review, the export price posted tangible growth. The most prominent rate of growth was recorded in July 2023 an increase of 93% against the previous month. Over the period under review, the average export prices attained the maximum at $21,784 per ton in September 2023; however, from October 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Romania ($46,301 per ton), while the average price for exports to Vietnam ($3,146 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Slovakia

In 2022, approx. 3.5K tons of chain and parts thereof, of iron or steel were imported into Slovakia; approximately equating 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of chain and parts thereof, of iron or steel surged to $33M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +66.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Slovakia in 2022:

1. Germany (1039.6 tons)
2. China (1013.3 tons)
3. Czech Republic (726.7 tons)
4. South Korea (172.6 tons)
5. Sweden (92.3 tons)
6. Taiwan (Chinese) (77.9 tons)
7. Poland (62.3 tons)
8. Netherlands (51.4 tons)
9. Finland (51.3 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Slovakia

In 2022, the amount of chain and parts thereof, of iron or steel exported from Slovakia skyrocketed to 416 tons, jumping by 22% against the previous year. The total export volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel stood at $3.6M in 2022. The total export value increased at an average annual rate of +10.7% 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 13%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Slovakia in 2022:

1. Switzerland (147.5 tons)
2. Czech Republic (99.5 tons)
3. Hungary (59.7 tons)
4. Poland (33.7 tons)
5. Austria (13.5 tons)
6. China (10.3 tons)
7. Romania (10.0 tons)
8. Germany (7.0 tons)
9. Ukraine (2.9 tons)
10. Bosnia and Herzegovina (1.1 tons)

Source: IndexBox Market Intelligence Platform