Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan (CIF) - 2023
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan (CIF) - 2023
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $985 per ton in July 2023, therefore, remained relatively stable against the previous month. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 70% month-to-month. Over the period under review, average import prices attained the maximum at $1,459 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($988 per ton), while the price for China amounted to $986 per ton.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-3.4%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $550 per ton in 2022, falling by -65.2% against the previous year. In general, the export price showed a mild setback. The most prominent rate of growth was recorded in 2015 an increase of 1,202%. Over the period under review, the average export prices reached the maximum at $1,581 per ton in 2021, and then shrank rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($2,540 per ton), while the average price for exports to Afghanistan ($302 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 South Korea (+34.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were finally on the rise to reach 4.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. 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, plated or coated with non-zinc base metalses skyrocketed to $6.4M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +61.7% against 2020 indices. 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, Plated or Coated with Non-Zinc Base Metals in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,523 | 1,735 | 2,467 | 3,545 | 12.0% |
| Malaysia | 1,449 | 1,568 | 1,238 | 1,720 | 5.9% |
| Thailand | 139 | 39.4 | 358 | 245 | 20.8% |
| Czech Republic | 15.4 | 28.2 | 55.2 | 193 | 132.3% |
| Taiwan (Chinese) | 168 | 160 | 163 | 158 | -2.0% |
| South Africa | 135 | 138 | 152 | 157 | 5.2% |
| Singapore | 53.5 | 62.2 | 77.2 | 90.8 | 19.3% |
| Belgium | 22.3 | 48.0 | 77.0 | 71.6 | 47.5% |
| India | 60.9 | 58.5 | 60.1 | 58.4 | -1.4% |
| Others | 248 | 145 | 145 | 201 | -6.8% |
| Total | 4,814 | 3,981 | 4,792 | 6,440 | 10.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Pakistan in 2022:
- China (2395.3 tons)
- Malaysia (1113.4 tons)
- Thailand (198.0 tons)
- South Africa (196.8 tons)
- Taiwan (Chinese) (139.2 tons)
- Czech Republic (106.3 tons)
- Belgium (89.5 tons)
- India (85.4 tons)
- Singapore (70.4 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan
After two years of decline, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by 633% to 22 tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue 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 $12K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 2,395 | 1,853 | 1,908 | 4,188 | 20.5% |
| Kenya | 1,292 | 1,091 | 1,227 | 2,942 | 31.6% |
| Panama | N/A | 854 | 316 | 2,280 | 63.4% |
| United Arab Emirates | 691 | 470 | 426 | 821 | 5.9% |
| South Korea | 632 | 433 | 394 | 767 | 6.7% |
| Saudi Arabia | 284 | 116 | 36.0 | 358 | 8.0% |
| United Kingdom | 271 | 183 | 165 | 303 | 3.8% |
| Others | 421 | 300 | 270 | 444 | 1.8% |
| Total | 5,986 | 5,300 | 4,742 | 12,103 | 26.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Pakistan in 2022:
- Afghanistan (13.9 tons)
- Panama (2.9 tons)
- Kenya (1.2 tons)
- United Arab Emirates (1.1 tons)
- Saudi Arabia (0.8 tons)
- United Kingdom (0.8 tons)
- South Korea (0.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Pakistan.
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This report provides an in-depth analysis of the market for iron and steel wire in Pakistan.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Pakistan.
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This report provides an in-depth analysis of the market for iron and steel wire in Pakistan.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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