Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,229 per ton, reducing by -6.7% against the previous year. Overall, the import price, however, enjoyed a temperate increase. The growth pace was the most rapid in 2017 when the average import price increased by 39% against the previous year. The import price peaked at $1,318 per ton in 2021, and then declined in the following year.
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 ($1,608 per ton), while the price for Singapore ($324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (FOB) - 2022
In March 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $2,259 per ton, growing by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in June 2021 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices hit record highs at $2,274 per ton in January 2022; afterwards, it flattened through to March 2022.
Average prices varied noticeably for the major export markets. In March 2022, the country with the highest price was Thailand ($2,585 per ton), while the average price for exports to China ($2,111 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia
In 2022, supplies from abroad of iron or non-alloy steel wire, not plated or coateds was finally on the rise to reach 17K tons after two years of decline. In general, imports, however, saw a dramatic downturn.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined slightly to $21M in 2022. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 27%.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.4 | 4.0 | 6.2 | 7.1 | 3.5% |
| South Korea | 10.2 | 5.5 | 6.2 | 6.2 | -15.3% |
| Taiwan (Chinese) | 7.4 | 2.4 | 3.1 | 2.7 | -28.5% |
| China | 3.9 | 1.9 | 2.0 | 1.7 | -24.2% |
| Malaysia | 4.4 | 0.9 | 0.1 | 1.5 | -30.1% |
| Vietnam | 1.3 | 1.0 | 2.6 | 1.1 | -5.4% |
| Singapore | 0.4 | 0.5 | 0.3 | 0.1 | -37.0% |
| Others | 0.7 | 0.8 | 0.9 | 0.6 | -5.0% |
| Total | 34.9 | 16.9 | 21.5 | 21.1 | -15.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Indonesia in 2022:
- Japan (5.4K tons)
- South Korea (3.9K tons)
- Taiwan (Chinese) (2.8K tons)
- China (1.9K tons)
- Malaysia (1.6K tons)
- Vietnam (0.7K tons)
- Singapore (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Indonesia reduced rapidly to 1.2K tons, shrinking by -36.4% on the previous year. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined notably to $2.5M in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of $3.5M, and then fell notably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,321 | 1,680 | 1,888 | 1,304 | -0.4% |
| Thailand | 642 | 653 | 1,051 | 685 | 2.2% |
| Malaysia | 593 | 431 | 433 | 346 | -16.4% |
| Mexico | 0.1 | 0.9 | N/A | 89.9 | 865.1% |
| Japan | 169 | 64.5 | 122 | 62.1 | -28.4% |
| Vietnam | 652 | 9.7 | 19.9 | 5.9 | -79.2% |
| Others | 27.9 | 139 | 11.0 | 4.6 | -45.2% |
| Total | 3,404 | 2,979 | 3,525 | 2,498 | -9.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Indonesia in 2022:
- China (586.0 tons)
- Thailand (280.1 tons)
- Malaysia (212.7 tons)
- Japan (39.8 tons)
- Mexico (26.1 tons)
- Vietnam (2.4 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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