Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,260 per ton, with an increase of 23% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 iron or non-alloy steel wire, not plated or coateds increased by +82.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 48%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual 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 ($3,012 per ton), while the price for Belgium ($926 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,706 per ton, jumping by 31% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, not plated or coateds increased by +97.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Kosovo ($2,147 per ton) and Portugal ($1,844 per ton), while the average price for exports to the Netherlands ($1,435 per ton) and Belgium ($1,552 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+32.9%), 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 Luxembourg
In 2022, overseas purchases of iron or non-alloy steel wire, not plated or coateds decreased by -17.8% to 14K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds amounted to $18M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.4 | 4.3 | 3.8 | 4.2 | 119.0% |
| Italy | 2.3 | 2.4 | 6.0 | 3.7 | 17.2% |
| Ukraine | 1.9 | 2.3 | 0.7 | 3.4 | 21.4% |
| France | 1.0 | 0.8 | 1.5 | 3.1 | 45.8% |
| Germany | 4.2 | 3.6 | 2.3 | 1.6 | -27.5% |
| South Korea | N/A | 0.4 | 2.6 | 0.9 | 50.0% |
| Others | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Total | 10.0 | 14.0 | 17.3 | 17.5 | 20.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Luxembourg in 2022:
- Italy (3.4K tons)
- France (3.3K tons)
- Romania (2.9K tons)
- Ukraine (2.5K tons)
- Germany (1.1K tons)
- South Korea (0.3K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg
In 2022, exports of iron or non-alloy steel wire, not plated or coateds from Luxembourg reduced to 5.6K tons, falling by -3.1% against the year before. Overall, exports faced a precipitous descent. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds surged to $9.5M in 2022. In general, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 56%.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.8 | 1.8 | 2.2 | 2.7 | -22.5% |
| France | 9.3 | 0.6 | 2.3 | 2.4 | -36.3% |
| Portugal | 5.2 | 1.0 | 1.3 | 1.9 | -28.5% |
| Kosovo | N/A | 0.7 | 1.1 | 1.2 | 30.9% |
| Netherlands | 0.6 | 0.4 | 0.4 | 1.1 | 22.4% |
| Belgium | 2.7 | 0.3 | 0.1 | 0.2 | -58.0% |
| Spain | 1.9 | N/A | N/A | N/A | 0% |
| Others | 5.4 | 0.1 | N/A | N/A | -98.1% |
| Total | 31.0 | 4.8 | 7.5 | 9.5 | -32.6% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Luxembourg in 2022:
- Germany (1607.0 tons)
- France (1450.0 tons)
- Portugal (1038.9 tons)
- Netherlands (777.0 tons)
- Kosovo (580.5 tons)
- Belgium (135.6 tons)
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