Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,062 per ton in February 2024, which is down by -7.4% against the previous month. Over the period under review, the import price recorded a mild contraction. The pace of growth was the most pronounced in January 2024 an increase of 16% against the previous month. The import price peaked at $1,269 per ton in April 2023; however, from May 2023 to February 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,844 per ton), while the price for Turkey ($796 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (FOB) - 2024
In February 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,364 per ton, dropping by -1.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 3.8% m-o-m. As a result, the export price reached the peak level of $1,484 per ton. From August 2023 to February 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Argentina ($1,835 per ton), while the average price for exports to Uruguay ($1,216 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil
In 2022, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -23.5% to 41K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. As a result, imports reached the peak of 53K tons, and then shrank sharply in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs contracted to $67M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121%. As a result, imports reached the peak of $74M, and then fell in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.9 | 19.3 | 45.8 | 43.8 | 30.1% |
| Turkey | 2.1 | 3.3 | 11.3 | 7.9 | 55.5% |
| Japan | 5.7 | 6.2 | 6.4 | 6.6 | 5.0% |
| India | 0.1 | 0.1 | 2.1 | 2.3 | 184.4% |
| South Korea | 3.0 | 2.5 | 1.4 | 2.0 | -12.6% |
| Spain | 0.8 | 0.6 | 2.0 | 1.0 | 7.7% |
| Others | 3.2 | 1.6 | 5.2 | 3.5 | 3.0% |
| Total | 34.8 | 33.6 | 74.2 | 67.2 | 24.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Brazil in 2022:
- China (27.4K tons)
- Turkey (6.2K tons)
- India (1.7K tons)
- Japan (1.7K tons)
- Spain (0.7K tons)
- South Korea (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil
In 2022, approx. 29K tons of iron or non-alloy steel wire, plated or coated with zincs were exported from Brazil; leveling off at the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 3.4% against the previous year. As a result, the exports attained the peak of 30K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $43M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 4.2 | 7.3 | 9.8 | 14.2 | 50.1% |
| Paraguay | 7.2 | 6.1 | 10.8 | 12.1 | 18.9% |
| Bolivia | 5.7 | 5.1 | 7.9 | 7.6 | 10.1% |
| Uruguay | 3.3 | 3.8 | 3.8 | 6.5 | 25.4% |
| United States | 3.6 | 3.6 | 1.6 | 0.6 | -45.0% |
| Canada | 0.1 | 0.3 | 1.2 | 0.5 | 71.0% |
| Costa Rica | 2.4 | 0.7 | N/A | N/A | -70.8% |
| Others | 1.2 | 1.6 | 1.1 | 1.0 | -5.9% |
| Total | 27.7 | 28.5 | 36.2 | 42.5 | 15.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Brazil in 2022:
- Argentina (10.3K tons)
- Paraguay (7.8K tons)
- Bolivia (4.8K tons)
- Uruguay (4.5K tons)
- United States (0.4K tons)
- Canada (0.3K tons)
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This report provides an in-depth analysis of the global market for iron and steel wire.
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