Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,720 per ton, with an increase of 5.7% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +50.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 42%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($2,074 per ton), while the average price for exports to Portugal ($1,280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,182 per ton, with an increase of 3.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 16% against the previous month. Over the period under review, average import prices hit record highs at $1,364 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From January 2023 to January 2024, the rate of growth in terms of prices for the Czech Republic amounted to +0.0% per month.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Slovakia rose rapidly to 47K tons, increasing by 13% on 2021. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 surged to $80M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.7 | 11.4 | 14.8 | 18.6 | 13.6% |
| Poland | 4.5 | 4.8 | 10.6 | 12.4 | 40.2% |
| France | 3.6 | 6.0 | 10.1 | 12.0 | 49.4% |
| Czech Republic | 6.7 | 6.1 | 5.2 | 11.8 | 20.8% |
| Hungary | 2.9 | 4.3 | 6.5 | 7.8 | 39.1% |
| Austria | 1.8 | 2.2 | 2.7 | 3.1 | 19.9% |
| Belgium | 1.3 | 0.9 | 2.0 | 1.7 | 9.4% |
| Switzerland | 1.8 | 1.6 | 1.8 | 1.6 | -3.9% |
| Spain | 0.5 | 0.6 | 0.8 | 1.4 | 40.9% |
| Italy | 1.7 | 1.5 | 1.7 | 1.3 | -8.6% |
| Slovenia | 0.8 | 0.6 | 0.8 | 1.0 | 7.7% |
| Portugal | 1.5 | 0.7 | 2.8 | 0.3 | -41.5% |
| Others | 5.8 | 6.0 | 7.7 | 7.1 | 7.0% |
| Total | 45.6 | 46.8 | 67.3 | 80.1 | 20.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Slovakia in 2022:
- Germany (9.4K tons)
- Czech Republic (9.1K tons)
- Poland (6.9K tons)
- France (6.1K tons)
- Hungary (5.6K tons)
- Austria (1.7K tons)
- Belgium (1.2K tons)
- Spain (1.0K tons)
- Switzerland (0.8K tons)
- Italy (0.6K tons)
- Slovenia (0.6K tons)
- Portugal (0.3K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia
For the third year in a row, Slovakia recorded decline in supplies from abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -53.5% to 26K tons in 2022. Over the period under review, imports recorded a significant curtailment. The smallest decline of -8.4% was in 2020.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined rapidly to $38M in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports reached the peak of $58M, and then reduced markedly in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 32.9 | 24.8 | 35.9 | 18.5 | -17.5% |
| Germany | 4.4 | 5.7 | 7.7 | 5.5 | 7.7% |
| Italy | 2.4 | 2.1 | 5.8 | 3.9 | 17.6% |
| Ukraine | 0.5 | 0.8 | 1.3 | 2.2 | 63.9% |
| Poland | 1.3 | 1.0 | 1.5 | 2.1 | 17.3% |
| Hungary | 0.5 | 0.5 | 0.8 | 1.7 | 50.4% |
| Austria | 0.3 | 1.3 | 2.0 | 0.9 | 44.2% |
| Others | 4.8 | 1.4 | 2.6 | 2.9 | -15.5% |
| Total | 47.2 | 37.6 | 57.6 | 37.6 | -7.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Slovakia in 2022:
- Czech Republic (13.7K tons)
- Germany (3.0K tons)
- Italy (2.8K tons)
- Ukraine (1.9K tons)
- Hungary (1.3K tons)
- Poland (1.0K tons)
- Austria (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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