Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,081 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2016 an increase of 48% against the previous year. The import price peaked at $1,224 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Malaysia ($2,048 per ton), while the price for India ($989 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.0%), 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 Sri Lanka (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,482 per ton, jumping by 17% against the previous year. Over the period under review, the export price posted temperate growth. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,736 per ton), while the average price for exports to India stood at $1,402 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka
After three years of growth, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by -62.3% to 11K tons in 2022. Overall, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of 29K tons, and then contracted dramatically in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs reduced dramatically to $12M in 2022. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 86%. As a result, imports attained the peak of $31M, and then shrank dramatically in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.1 | 9.6 | 17.2 | 4.8 | -22.0% |
| India | 1.7 | 5.0 | 9.9 | 3.9 | 31.9% |
| United Arab Emirates | 1.5 | 0.7 | 1.6 | 1.3 | -4.7% |
| Qatar | 1.6 | 0.2 | 1.6 | 1.2 | -9.1% |
| Oman | 1.3 | 0.3 | N/A | N/A | -76.9% |
| Others | 1.6 | 0.9 | 1.0 | 0.7 | -24.1% |
| Total | 17.8 | 16.8 | 31.2 | 11.8 | -12.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Sri Lanka in 2022:
- China (4.7K tons)
- India (3.9K tons)
- United Arab Emirates (1.0K tons)
- Qatar (0.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka
In 2022, approx. 28 tons of iron or non-alloy steel wire, plated or coated with zincs were exported from Sri Lanka; waning by -73.5% against the previous year. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 89%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs fell rapidly to $42K in 2022. In general, exports faced a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 173% against the previous year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 37.5 | 20.2 | 128 | 30.1 | -7.1% |
| Canada | N/A | N/A | N/A | 11.8 | 0% |
| China | 19.3 | 11.4 | N/A | N/A | -40.9% |
| United Arab Emirates | 29.4 | N/A | N/A | N/A | 0% |
| Maldives | 13.2 | 3.0 | 5.8 | N/A | -33.7% |
| Pakistan | 4.5 | N/A | N/A | N/A | 0% |
| Ghana | 64.1 | 14.2 | N/A | N/A | -77.8% |
| Others | N/A | 0.5 | 0.6 | N/A | 20.0% |
| Total | 168 | 49.3 | 135 | 41.9 | -37.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Sri Lanka in 2022:
- India (21.4 tons)
- Canada (6.8 tons)
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