Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,381 per ton in January 2024, reducing by -27.5% against the previous month. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in December 2023 an increase of 24% against the previous month. As a result, import price attained the peak level of $3,286 per ton, and then fell rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($16,544 per ton), while the price for the Czech Republic ($1,896 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 Canada (+13.6%), 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 Switzerland (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $4,824 per ton in 2022, with a decrease of -53.6% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 134%. The export price peaked at $10,743 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($8,187 per ton), while the average price for exports to France ($1,875 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 Belgium (+5.8%), 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 Switzerland
In 2022, after three years of growth, there was decline in overseas purchases of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by -4.6% to 3.8K tons. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded markedly to $11M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.0 | 4.7 | 7.2 | 7.7 | 24.4% |
| Austria | 0.8 | 0.6 | 0.7 | 1.0 | 7.7% |
| Germany | 1.1 | 0.8 | 0.9 | 1.0 | -3.1% |
| Slovakia | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 6.4 | 6.7 | 9.5 | 10.5 | 17.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Switzerland in 2022:
- Italy (3225.8 tons)
- Slovakia (258.6 tons)
- Austria (189.4 tons)
- Germany (101.4 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Switzerland
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by 582% to 17 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic contraction.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses soared to $81K in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained 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 Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 0.2 | 0.8 | 47.6 | 1442.7% |
| Germany | 20.9 | 20.5 | 12.0 | 23.6 | 4.1% |
| Slovakia | 4.8 | 1.7 | 6.3 | 8.8 | 22.4% |
| France | 12.7 | 5.8 | 0.8 | 1.0 | -57.1% |
| Thailand | 29.4 | 2.4 | N/A | N/A | -91.8% |
| United States | 3.0 | 10.4 | N/A | N/A | 246.7% |
| India | N/A | 8.4 | N/A | N/A | 0% |
| Others | 8.2 | 17.1 | 5.7 | N/A | -16.6% |
| Total | 78.9 | 66.6 | 25.6 | 81.0 | 0.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Switzerland in 2022:
- Austria (10.1 tons)
- Slovakia (3.3 tons)
- Germany (2.9 tons)
- France (0.5 tons)
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