Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $954 per ton, shrinking by -13.4% against the previous month. Over the period under review, the import price saw a noticeable shrinkage. The growth pace was the most rapid in December 2023 when the average import price increased by 12% m-o-m. The import price peaked at $1,242 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Austria ($1,271 per ton) and the Netherlands ($1,231 per ton), while the price for China ($873 per ton) and Turkey ($944 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.5%), 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 Greece (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,024 per ton in January 2024, shrinking by -7.3% against the previous month. Over the period under review, the export price saw a slight decrease. The pace of growth appeared the most rapid in October 2023 an increase of 11% month-to-month. The export price peaked at $1,291 per ton in June 2023; however, from July 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In January 2024, the countries with the highest prices were Cyprus ($1,164 per ton) and North Macedonia ($1,063 per ton), while the average price for exports to Kosovo ($863 per ton) and Poland ($942 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.5%), 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 Greece
Imports of iron or non-alloy steel wire, plated or coated with zincs into Greece surged to 20K tons in 2022, jumping by 27% on the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +52.9% against 2020 indices. As a result, imports attained 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 zincs skyrocketed to $28M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.6 | 4.3 | 6.6 | 10.6 | 23.7% |
| Italy | 0.3 | 0.2 | 1.0 | 4.6 | 148.4% |
| Czech Republic | 1.2 | 2.7 | 2.4 | 4.2 | 51.8% |
| China | 3.1 | 1.9 | 1.6 | 2.9 | -2.2% |
| Albania | N/A | N/A | 2.7 | 2.0 | -25.9% |
| Bulgaria | 0.5 | 0.7 | 1.2 | 0.9 | 21.6% |
| Austria | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
| Ukraine | 0.4 | 0.4 | 1.0 | 0.3 | -9.1% |
| Others | 3.6 | 1.8 | 1.6 | 2.2 | -15.1% |
| Total | 15.0 | 12.3 | 18.4 | 28.5 | 23.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Greece in 2022:
- Turkey (8.1K tons)
- Italy (2.4K tons)
- China (2.4K tons)
- Czech Republic (2.1K tons)
- Albania (1.9K tons)
- Bulgaria (0.7K tons)
- Austria (0.4K tons)
- Ukraine (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -44.2% to 9.2K tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 3.5%. As a result, the exports attained the peak of 20K 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 shrank notably to $12M in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. As a result, the exports reached the peak of $16M, and then dropped markedly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 5.8 | 5.1 | 5.4 | 3.0 | -19.7% |
| North Macedonia | 3.2 | 3.9 | 3.9 | 2.4 | -9.1% |
| Italy | 2.6 | 0.8 | 3.5 | 2.2 | -5.4% |
| Cyprus | 0.3 | 0.2 | 0.4 | 1.0 | 49.4% |
| Slovakia | 0.3 | N/A | N/A | 0.9 | 44.2% |
| Israel | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Bulgaria | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Kosovo | N/A | 0.6 | 0.2 | 0.1 | -59.2% |
| Algeria | 1.0 | 3.5 | 0.6 | N/A | -22.5% |
| Albania | 1.3 | 0.6 | 0.5 | N/A | -38.0% |
| Others | 1.1 | 0.3 | 1.5 | 1.3 | 5.7% |
| Total | 15.8 | 15.3 | 16.3 | 11.6 | -9.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Greece in 2022:
- Romania (2600.6 tons)
- North Macedonia (2134.0 tons)
- Italy (1722.2 tons)
- Cyprus (671.4 tons)
- Slovakia (651.8 tons)
- Bulgaria (212.3 tons)
- Israel (196.2 tons)
- Kosovo (73.5 tons)
- Albania (34.0 tons)
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