Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Qatar - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Qatar (CIF) - 2023
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Qatar
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Qatar (CIF) - 2023
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $828 per ton in December 2023, dropping by -4.1% against the previous month. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in November 2023 an increase of 12% against the previous month. The import price peaked at $1,016 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($1,113 per ton), while the price for China ($568 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Qatar
In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -7.1% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.0% 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 +85.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 73% against the previous year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $14M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 55% 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 Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.2 | 2.8 | 5.7 | 8.4 | 247.6% |
| China | 3.7 | 3.9 | 4.4 | 4.1 | 3.5% |
| Turkey | 1.8 | 2.0 | 1.2 | 0.9 | -20.6% |
| India | N/A | 0.2 | 0.7 | 0.2 | 0.0% |
| Others | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Total | 5.7 | 8.9 | 12.0 | 13.9 | 34.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Qatar in 2022:
- Oman (6.9K tons)
- China (5.2K tons)
- Turkey (0.6K tons)
- India (0.2K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Qatar.
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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 Qatar.
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This report provides an in-depth analysis of the market for iron and steel wire in Qatar.
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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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