Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $993 per ton, falling by -2.8% against the previous month. Over the period under review, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 4% against the previous month. The import price peaked at $1,229 per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,451 per ton), while the price for Bulgaria ($840 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.0%), 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 Serbia (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,551 per ton in 2022, with an increase of 15% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +50.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($1,841 per ton), while the average price for exports to Croatia ($1,209 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 Albania (+6.2%), 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 Serbia
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by -11.2% to 10K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs dropped modestly to $14M in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $14M, and then dropped slightly in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.5 | 4.2 | 4.1 | 6.0 | 19.7% |
| North Macedonia | 0.5 | 1.2 | 2.3 | 3.0 | 81.7% |
| Albania | N/A | N/A | 0.8 | 0.8 | 0.0% |
| Bulgaria | 2.6 | 2.5 | 1.9 | 0.8 | -32.5% |
| Romania | 1.3 | 1.1 | 1.5 | 0.6 | -22.7% |
| Italy | 0.9 | 0.9 | 1.0 | 0.6 | -12.6% |
| Germany | 0.1 | 0.1 | 0.6 | 0.4 | 58.7% |
| Russia | 0.3 | 0.5 | 0.4 | 0.2 | -12.6% |
| Others | 0.7 | 0.6 | 1.2 | 1.4 | 26.0% |
| Total | 9.8 | 11.2 | 13.9 | 13.7 | 11.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Serbia in 2022:
- Turkey (4.7K tons)
- North Macedonia (2.4K tons)
- Albania (0.7K tons)
- Bulgaria (0.6K tons)
- Romania (0.5K tons)
- Italy (0.3K tons)
- Germany (0.2K tons)
- Russia (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Serbia
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Serbia contracted slightly to 2.3K tons, with a decrease of -2.5% on the previous year's figure. The total export volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, the exports reached the peak of 2.4K tons, and then contracted slightly in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs expanded notably to $3.6M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports of hit record highs 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 137 | 148 | 390 | 1,892 | 139.9% |
| Bosnia and Herzegovina | 580 | 622 | 617 | 571 | -0.5% |
| Croatia | 200 | 188 | 670 | 537 | 39.0% |
| Montenegro | 188 | 150 | 211 | 136 | -10.2% |
| Russia | 957 | 780 | 1,040 | 132 | -48.3% |
| Albania | 69.4 | 75.6 | 94.3 | 109 | 16.2% |
| Bulgaria | 13.6 | 24.3 | 17.8 | 77.0 | 78.2% |
| North Macedonia | 35.7 | 126 | 79.4 | 45.0 | 8.0% |
| Others | 60.4 | 38.8 | 99.4 | 124 | 27.1% |
| Total | 2,242 | 2,152 | 3,219 | 3,624 | 17.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Serbia in 2022:
- Hungary (1083.7 tons)
- Bosnia and Herzegovina (457.8 tons)
- Croatia (444.3 tons)
- Montenegro (74.0 tons)
- Russia (72.0 tons)
- Albania (61.1 tons)
- Bulgaria (42.0 tons)
- North Macedonia (25.7 tons)
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