Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,158 per ton, growing by 11% against the previous month. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 22% m-o-m. Over the period under review, average import prices reached the maximum at $1,400 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($4,729 per ton), while the price for North Macedonia ($1,094 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 Bosnia and Herzegovina (+15.3%), 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 Slovenia (FOB) - 2024
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $5,567 per ton in January 2024, jumping by 128% against the previous month. In general, the export price showed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Montenegro ($4,943 per ton), while the average price for exports to Serbia ($361 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 Croatia (+1.4%), 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 Slovenia
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into Slovenia contracted to 17K tons, with a decrease of -10.2% compared with the previous year's figure. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 9.2%.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds rose slightly to $23M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.1 | 4.7 | 8.0 | 7.7 | 14.7% |
| Czech Republic | 5.3 | 4.3 | 7.0 | 7.2 | 10.8% |
| Germany | 1.2 | 0.8 | 1.2 | 1.3 | 2.7% |
| North Macedonia | 0.6 | 0.6 | 0.9 | 1.2 | 26.0% |
| Slovakia | 0.8 | 0.6 | 0.8 | 1.1 | 11.2% |
| Turkey | 0.1 | N/A | 0.6 | 1.0 | 115.4% |
| Bosnia and Herzegovina | 1.0 | 0.7 | 0.9 | 1.0 | 0.0% |
| China | 0.9 | 0.9 | 0.4 | 0.7 | -8.0% |
| Croatia | 0.5 | 0.6 | 0.9 | 0.4 | -7.2% |
| Others | 1.6 | 1.3 | 1.8 | 1.6 | 0.0% |
| Total | 17.1 | 14.6 | 22.5 | 23.3 | 10.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Slovenia in 2022:
- Italy (5.4K tons)
- Czech Republic (5.0K tons)
- Bosnia and Herzegovina (1.1K tons)
- North Macedonia (1.0K tons)
- Germany (0.8K tons)
- Slovakia (0.7K tons)
- Turkey (0.6K tons)
- China (0.4K tons)
- Croatia (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia
For the fourth year in a row, Slovenia recorded growth in shipments abroad of iron or non-alloy steel wire, not plated or coateds, which increased by 1.3% to 2.2K tons in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 27%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds rose significantly to $4.1M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 104 | 871 | 1,508 | 1,323 | 133.4% |
| Croatia | 403 | 457 | 480 | 694 | 19.9% |
| Poland | 468 | 452 | 698 | 524 | 3.8% |
| Czech Republic | N/A | N/A | N/A | 493 | 0% |
| Austria | 241 | 240 | 393 | 435 | 21.8% |
| Bosnia and Herzegovina | 42.5 | 106 | 206 | 294 | 90.5% |
| Mexico | N/A | N/A | 81.5 | 260 | 219.0% |
| Others | 128 | 61.7 | 216 | 69.2 | -18.5% |
| Total | 1,387 | 2,187 | 3,584 | 4,092 | 43.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Slovenia in 2022:
- Serbia (832.0 tons)
- Czech Republic (434.9 tons)
- Austria (316.7 tons)
- Bosnia and Herzegovina (174.6 tons)
- Croatia (164.9 tons)
- Mexico (159.1 tons)
- Poland (73.0 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Slovenia.
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