Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,225 per ton, with a decrease of -4.1% against the previous month. Over the period under review, the import price recorded a slight setback. The growth pace was the most rapid in December 2023 an increase of 7.3% m-o-m. The import price peaked at $2,459 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($3,750 per ton), while the price for Luxembourg ($1,159 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,865 per ton, reducing by -31.1% against the previous year. Overall, the export price showed a slight descent. The pace of growth appeared the most rapid in 2021 an increase of 80%. As a result, the export price attained the peak level of $4,158 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($12,905 per ton), while the average price for exports to Australia ($2,306 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 Italy (+15.5%), 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 Switzerland
In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs was finally on the rise to reach 15K tons after two years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. 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 surged to $35M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +59.0% against 2020 indices. As a result, imports reached 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 Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.7 | 8.9 | 8.3 | 13.9 | 12.7% |
| Slovakia | 9.1 | 7.3 | 10.1 | 11.5 | 8.1% |
| Czech Republic | 2.0 | 2.1 | 2.2 | 2.7 | 10.5% |
| Turkey | 0.3 | 0.7 | 1.3 | 2.4 | 100.0% |
| Italy | 0.6 | 0.8 | 1.4 | 0.9 | 14.5% |
| Luxembourg | 0.9 | 0.5 | 0.5 | 0.8 | -3.9% |
| France | 0.4 | 0.8 | 0.8 | 0.8 | 26.0% |
| Others | 0.8 | 0.9 | 1.7 | 1.9 | 33.4% |
| Total | 23.7 | 21.9 | 26.4 | 34.8 | 13.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Switzerland in 2022:
- Germany (6.1K tons)
- Slovakia (4.6K tons)
- Czech Republic (1.5K tons)
- Turkey (1.3K tons)
- Italy (0.5K tons)
- Luxembourg (0.5K tons)
- France (0.3K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs were finally on the rise to reach 471 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a pronounced curtailment.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs soared to $1.4M in 2022. In general, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 39%.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 720 | 336 | 163 | 420 | -16.4% |
| Australia | 42.5 | N/A | 39.4 | 370 | 105.7% |
| Chile | 68.3 | N/A | 39.9 | 103 | 14.7% |
| Turkey | N/A | N/A | N/A | 87.3 | 0% |
| Italy | 7.6 | 129 | 98.0 | 65.7 | 105.2% |
| Japan | 49.4 | 44.7 | 464 | 41.9 | -5.3% |
| Denmark | 0.1 | 7.6 | 15.4 | 40.4 | 639.3% |
| Netherlands | N/A | 12.7 | 40.2 | 36.5 | 69.5% |
| China | 157 | 37.5 | 31.4 | 26.1 | -45.0% |
| Germany | 77.3 | 34.4 | 60.0 | 21.4 | -34.8% |
| Others | 295 | 152 | 95.0 | 137 | -22.6% |
| Total | 1,418 | 755 | 1,046 | 1,350 | -1.6% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Switzerland in 2022:
- United States (175.9 tons)
- Australia (160.4 tons)
- Chile (37.6 tons)
- Turkey (22.5 tons)
- Denmark (14.5 tons)
- Netherlands (11.8 tons)
- Japan (10.6 tons)
- China (9.5 tons)
- Germany (6.6 tons)
- Italy (5.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Switzerland.
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This report provides an in-depth analysis of the market for iron and steel wire in Switzerland.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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