Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $894 per ton in January 2024, approximately reflecting the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 14% month-to-month. The import price peaked at $926 per ton in May 2023; however, from June 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,027 per ton), while the price for Italy ($668 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $6,325 per ton in 2022, surging by 44% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by 260% against the previous year. As a result, the export price reached the peak level of $8,518 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($10,929 per ton), while the average price for exports to Slovakia ($2,684 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 France (+27.3%), 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 Switzerland
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into Switzerland skyrocketed to 269K tons, with an increase of 23% compared with the previous year. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 $313M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 86.3 | 95.0 | 148 | 244 | 41.4% |
| Germany | 21.7 | 20.3 | 27.9 | 33.7 | 15.8% |
| Austria | 9.4 | 8.1 | 10.5 | 11.8 | 7.9% |
| France | 19.6 | 12.2 | 11.7 | 2.0 | -53.3% |
| Others | 14.8 | 13.5 | 17.1 | 21.3 | 12.9% |
| Total | 152 | 149 | 216 | 313 | 27.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Switzerland in 2022:
- Italy (234.3K tons)
- Germany (17.7K tons)
- Austria (5.7K tons)
- France (2.0K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Switzerland dropped rapidly to 88 tons, reducing by -20.1% against the previous year's figure. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 133% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds expanded remarkably to $558K in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 20%.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 425 | 200 | 277 | 218 | -20.0% |
| United Arab Emirates | 13.5 | 5.4 | 11.1 | 77.6 | 79.1% |
| United States | 7.2 | 14.2 | 35.1 | 69.4 | 112.8% |
| India | 69.6 | 67.6 | 86.4 | 60.0 | -4.8% |
| China | N/A | 2.1 | 12.4 | 28.4 | 267.7% |
| France | 150 | 34.5 | 5.1 | 24.8 | -45.1% |
| Slovakia | 4.6 | 0.1 | N/A | 18.8 | 59.9% |
| Italy | 71.9 | 15.0 | 24.1 | 16.2 | -39.1% |
| Kuwait | 6.5 | 6.6 | 7.5 | 9.7 | 14.3% |
| Austria | 13.6 | 5.8 | 3.2 | 3.7 | -35.2% |
| Luxembourg | 18.8 | 1.1 | 0.4 | 0.5 | -70.2% |
| Netherlands | 4.5 | 10.8 | 3.8 | N/A | -8.1% |
| Others | 17.0 | 41.4 | 20.0 | 31.3 | 22.6% |
| Total | 802 | 404 | 486 | 558 | -11.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Switzerland in 2022:
- Germany (27.0 tons)
- United Arab Emirates (23.4 tons)
- United States (9.1 tons)
- Slovakia (7.0 tons)
- India (5.5 tons)
- Italy (3.9 tons)
- China (3.3 tons)
- France (2.6 tons)
- Kuwait (2.1 tons)
- Austria (1.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Switzerland.
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This report provides an in-depth analysis of the market for iron and steel wire in Switzerland.
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This report provides an in-depth analysis of the market for iron and steel wire in Switzerland.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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