Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $904 per ton, dropping by -3.8% against the previous month. In general, the import price recorded a mild reduction. The growth pace was the most rapid in December 2023 when the average import price increased by 23% m-o-m. The import price peaked at $1,063 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Serbia ($1,140 per ton), while the price for China ($831 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $2,080 per ton, dropping by -8.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 7.9% m-o-m. Over the period under review, the average export prices hit record highs at $2,401 per ton in May 2023; however, from June 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Brazil ($3,334 per ton), while the average price for exports to Switzerland ($2,072 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria
In 2022, approx. 111K tons of iron or non-alloy steel wire, not plated or coateds were imported into Austria; surging by 5.1% on the previous year. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds surged to $123M in 2022. Overall, imports posted strong growth. The growth pace was the most rapid in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 47.6 | 42.6 | 68.8 | 79.1 | 18.4% |
| Italy | 16.5 | 12.9 | 23.8 | 27.8 | 19.0% |
| Czech Republic | 1.6 | 2.2 | 4.2 | 8.9 | 77.2% |
| Slovakia | 2.4 | 2.0 | 2.0 | 2.5 | 1.4% |
| Others | 4.4 | 5.2 | 4.5 | 5.1 | 5.0% |
| Total | 72.5 | 64.9 | 103 | 123 | 19.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Austria in 2022:
- Germany (73.6K tons)
- Italy (24.0K tons)
- Czech Republic (8.3K tons)
- Slovakia (1.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or non-alloy steel wire, not plated or coateds, when their volume increased by 45% to 49K tons. The total export volume increased at an average annual rate of +1.8% over the period 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 iron or non-alloy steel wire, not plated or coateds soared to $115M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.4 | 5.2 | 10.5 | 26.9 | 47.4% |
| Germany | 24.5 | 21.2 | 24.2 | 26.4 | 2.5% |
| Denmark | 10.1 | 6.7 | 6.7 | 11.6 | 4.7% |
| Switzerland | 9.3 | 7.7 | 10.1 | 11.5 | 7.3% |
| Italy | 6.0 | 5.4 | 5.4 | 7.5 | 7.7% |
| United States | 2.4 | 1.9 | 3.4 | 5.2 | 29.4% |
| Czech Republic | 3.3 | 2.2 | 2.9 | 3.9 | 5.7% |
| Romania | 0.8 | 1.1 | 2.0 | 3.6 | 65.1% |
| Poland | 1.1 | 0.4 | 0.6 | 3.4 | 45.7% |
| Spain | 1.4 | 0.9 | 1.3 | 3.1 | 30.3% |
| Russia | 1.2 | 1.3 | 1.7 | 1.6 | 10.1% |
| Turkey | 0.5 | 1.0 | 0.2 | 1.3 | 37.5% |
| Hungary | 2.3 | 0.6 | 1.4 | 1.3 | -17.3% |
| Others | 7.3 | 7.6 | 6.3 | 7.3 | 0.0% |
| Total | 78.6 | 63.4 | 76.7 | 115 | 13.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Austria in 2022:
- Germany (13.0K tons)
- Brazil (8.7K tons)
- Switzerland (5.7K tons)
- Denmark (4.2K tons)
- Italy (3.7K tons)
- Poland (2.4K tons)
- Romania (2.0K tons)
- United States (1.7K tons)
- Czech Republic (1.4K tons)
- Spain (1.2K tons)
- Turkey (0.8K tons)
- Hungary (0.8K tons)
- Russia (0.8K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Austria.
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This report provides an in-depth analysis of the market for iron and steel wire in Austria.
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This report provides an in-depth analysis of the market for iron and steel wire in Austria.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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