Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,977 per ton in 2022, increasing by 24% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,319 per ton), while the price for Italy ($1,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $725 per ton, dropping by -22.4% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 546%. As a result, the export price reached the peak level of $10,677 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,448 per ton), while the average price for exports to the Czech Republic stood at $698 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary
In 2022, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into Hungary rose modestly to 9.8K tons, surging by 2.8% on 2021. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses skyrocketed to $19M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +67.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 4.0 | 4.1 | 7.2 | 10.2 | 36.6% |
| Vietnam | 3.6 | 3.3 | 3.9 | 5.7 | 16.6% |
| Austria | 0.1 | 0.4 | 0.4 | 0.7 | 91.3% |
| Czech Republic | 1.0 | 0.3 | 0.9 | 0.5 | -20.6% |
| Italy | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Belarus | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| South Korea | 0.4 | 0.8 | 0.8 | 0.2 | -20.6% |
| Luxembourg | 0.7 | 0.6 | N/A | 0.1 | -47.7% |
| Others | 1.5 | 1.8 | 1.5 | 1.4 | -2.3% |
| Total | 11.7 | 11.6 | 15.2 | 19.4 | 18.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Hungary in 2022:
- Slovakia (5.3K tons)
- Vietnam (3.0K tons)
- Austria (0.4K tons)
- Italy (0.2K tons)
- Czech Republic (0.2K tons)
- Belarus (0.1K tons)
- South Korea (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, which increased by 72% to 1.5K tons in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 2,266% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses skyrocketed to $1.1M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,532%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 736 | 1,013 | 37.6% |
| North Macedonia | N/A | 10.8 | 29.6 | 28.8 | 63.3% |
| Romania | 3.0 | 16.3 | 26.5 | 17.4 | 79.7% |
| Others | 32.9 | 22.4 | 16.7 | 19.4 | -16.1% |
| Total | 35.9 | 49.6 | 809 | 1,078 | 210.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Hungary in 2022:
- Czech Republic (1450.4 tons)
- North Macedonia (15.3 tons)
- Romania (12.0 tons)
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