Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia (CIF) - 2022
In March 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,843 per ton, surging by 5.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The growth pace was the most rapid in April 2021 an increase of 17% m-o-m. The import price peaked in March 2022.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,646 per ton), while the price for Malaysia ($1,226 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), 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 Indonesia (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,293 per ton in 2022, picking up by 11% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, plated or coated with zincs increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,710 per ton), while the average price for exports to Malaysia ($1,091 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 Thailand (+4.7%), 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 Indonesia
In 2022, the amount of iron or non-alloy steel wire, plated or coated with zincs imported into Indonesia surged to 32K tons, picking up by 24% against the previous year's figure. Overall, imports showed a relatively flat trend pattern. As a result, imports reached 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 surged to $45M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +76.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 13.4 | 20.4 | 25.3 | 15.3% |
| Malaysia | 10.2 | 8.2 | 10.4 | 9.0 | -4.1% |
| Taiwan (Chinese) | 0.1 | 0.6 | 1.2 | 4.0 | 242.0% |
| South Korea | 0.3 | 0.5 | 2.5 | 3.2 | 120.1% |
| Thailand | 0.8 | 0.2 | 0.5 | 0.8 | 0.0% |
| Australia | 2.1 | N/A | N/A | N/A | 0% |
| Others | 3.8 | 2.5 | 1.7 | 2.4 | -14.2% |
| Total | 33.8 | 25.4 | 36.7 | 44.7 | 9.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Indonesia in 2022:
- China (16.8K tons)
- Malaysia (6.4K tons)
- Taiwan (Chinese) (4.2K tons)
- South Korea (2.2K tons)
- Thailand (0.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia
Exports of iron or non-alloy steel wire, plated or coated with zincs from Indonesia expanded markedly to 7.4K tons in 2022, surging by 13% on 2021. In general, exports, however, continue to indicate a abrupt curtailment.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $9.6M in 2022. Overall, exports, however, showed a mild decrease.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.8 | 3.8 | 3.9 | 5.9 | 15.8% |
| New Zealand | 0.7 | 0.7 | 1.0 | 1.1 | 16.3% |
| Malaysia | 2.0 | 1.2 | 0.7 | 0.7 | -29.5% |
| India | 1.6 | 0.9 | 0.9 | 0.6 | -27.9% |
| Thailand | 0.3 | 1.0 | 0.4 | 0.6 | 26.0% |
| United States | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| China | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Singapore | 1.5 | 1.9 | 0.2 | 0.1 | -59.5% |
| Others | 0.1 | 0.4 | 0.3 | 0.2 | 26.0% |
| Total | 10.2 | 10.1 | 7.7 | 9.6 | -2.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Indonesia in 2022:
- Australia (4645.7 tons)
- New Zealand (760.2 tons)
- Malaysia (621.5 tons)
- India (445.5 tons)
- Thailand (339.9 tons)
- United States (197.0 tons)
- China (144.3 tons)
- Singapore (99.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
336
This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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