Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia - 2024

Contents:

  1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia (CIF) - 2022
  2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia (FOB) - 2022
  3. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia
  4. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia (CIF) - 2022

The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,902 per ton in 2022, growing by 4% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, plated or coated with zincs increased by +46.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($6,346 per ton), while the price for Turkey ($1,291 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.3%), 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 Zinc in Estonia (FOB) - 2022

The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $2,668 per ton in 2022, shrinking by -33.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 155% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,995 per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($5,520 per ton), while the average price for exports to Finland ($1,634 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 Poland (+197.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia

In 2022, approx. 1.1K tons of iron or non-alloy steel wire, plated or coated with zincs were imported into Estonia; surging by 3.8% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 6.6%.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs amounted to $2.1M in 2022. Overall, 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic0.4N/A8.6401900.8%
Sweden384452603336-4.4%
China28116486.43214.5%
Germany10720934924131.1%
Japan21778.199.02230.9%
TurkeyN/A56.312519184.2%
Finland279157125178-13.9%
Others281162523180-13.8%
Total1,5481,2791,9192,07110.2%

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Estonia in 2022:

  1. Czech Republic (236.0 tons)
  2. China (229.9 tons)
  3. Sweden (219.3 tons)
  4. Turkey (147.8 tons)
  5. Germany (96.1 tons)
  6. Japan (69.2 tons)
  7. Finland (51.9 tons)

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia

In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Estonia skyrocketed to 198 tons, picking up by 182% against the previous year. Over the period under review, exports showed a strong increase. 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 zincs soared to $528K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/A4.2N/A310759.1%
Latvia9.125.715954.481.5%
Lithuania17.615.336.553.144.5%
Finland88.128.033.748.2-18.2%
SwedenN/A45.427.033.1-14.6%
Norway8.412.923.528.249.7%
Poland12.8N/AN/A0.6-63.9%
Others42.30.5N/AN/A-98.8%
Total17813228052843.7%

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Estonia in 2022:

  1. Russia (119.7 tons)
  2. Finland (29.5 tons)
  3. Lithuania (14.7 tons)
  4. Latvia (12.6 tons)
  5. Sweden (11.8 tons)
  6. Norway (9.4 tons)
  7. Poland (0.1 tons)

Source: IndexBox Market Intelligence Platform

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