Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,581 per ton in 2022, with an increase of 9.3% against the previous year. Over the period under review, the import price saw slight growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $1,626 per ton in 2013; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($2,153 per ton) and Malaysia ($1,640 per ton), while the price for Thailand ($1,483 per ton) and China ($1,558 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), 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 Sri Lanka (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 $2,893 per ton, growing by 34% against the previous year. Overall, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $7,838 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($7,001 per ton), while the average price for exports to India ($1,216 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-18.0%).
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka
Imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into Sri Lanka reduced remarkably to 4K tons in 2022, dropping by -22.4% against the previous year's figure. In general, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 5.2K tons, and then contracted rapidly in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses shrank rapidly to $6.4M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +63.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $7.5M, and then shrank dramatically in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 633 | 882 | 2,065 | 2,066 | 48.3% |
| Thailand | 1,493 | 1,007 | 2,391 | 1,825 | 6.9% |
| Malaysia | 903 | 953 | 1,728 | 1,429 | 16.5% |
| China | 1,496 | 689 | 817 | 723 | -21.5% |
| South Korea | 98.4 | 96.2 | 363 | 296 | 44.4% |
| Vietnam | 131 | 230 | 176 | N/A | 15.9% |
| Others | 33.2 | 48.4 | 0.5 | 52.6 | 16.6% |
| Total | 4,787 | 3,905 | 7,540 | 6,392 | 10.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Sri Lanka in 2022:
- India (1309.7 tons)
- Thailand (1231.1 tons)
- Malaysia (871.5 tons)
- China (464.4 tons)
- South Korea (137.3 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka
Exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Sri Lanka reduced sharply to 2.1 tons in 2022, which is down by -87.1% on 2021. Over the period under review, exports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reduced remarkably to $6.1K in 2022. In general, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 124% against the previous year. As a result, the exports reached the peak of $35K, and then contracted notably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 3.0 | 0% |
| India | 22.9 | 15.7 | 35.1 | 1.8 | -57.2% |
| Seychelles | N/A | N/A | N/A | 1.2 | 0% |
| Malaysia | 5.9 | N/A | N/A | N/A | 0% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 29.4 | 15.7 | 35.1 | 6.1 | -40.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Sri Lanka in 2022:
- India (1485.0 kg)
- Turkey (431.0 kg)
- Seychelles (183.0 kg)
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