Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $894 per ton, with an increase of 3.5% against the previous month. In general, the export price, however, recorded a slight decrease. The pace of growth was the most pronounced in December 2023 when the average export price increased by 3.6% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,035 per ton in February 2023; however, from March 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In January 2024, the highest price was recorded for prices to the UK ($1,009 per ton) and Germany ($966 per ton), while the average price for exports to Latvia ($801 per ton) and Poland ($805 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,245 per ton, waning by -8.2% against the previous month. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 43% m-o-m. The import price peaked at $2,378 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Slovakia ($2,231 per ton), while the price for Iran ($820 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 (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Turkey fell remarkably to 153K tons, waning by -15.4% on the previous year's figure. In general, exports showed a abrupt decline. The smallest decline of -4.6% was in 2021.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs shrank to $172M in 2022. Over the period under review, exports saw a mild contraction. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $184M, and then reduced in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 16.7 | 4.9 | 17.7 | 17.9 | 2.3% |
| Morocco | 15.6 | 15.9 | 16.9 | 16.2 | 1.3% |
| Poland | 6.9 | 4.2 | 6.1 | 10.1 | 13.5% |
| Netherlands | 17.0 | 8.6 | 1.2 | 9.6 | -17.3% |
| Greece | 5.1 | 3.5 | 6.7 | 9.6 | 23.5% |
| Canada | 0.4 | 1.8 | 5.3 | 8.3 | 174.8% |
| France | 5.6 | 4.9 | 8.6 | 7.7 | 11.2% |
| Italy | 4.1 | 1.5 | 2.6 | 7.1 | 20.1% |
| Romania | 2.8 | 3.3 | 5.9 | 6.8 | 34.4% |
| Israel | 6.4 | 6.4 | 8.6 | 6.8 | 2.0% |
| United Kingdom | 11.9 | 2.0 | 7.6 | 4.9 | -25.6% |
| Brazil | 2.4 | 3.5 | 11.8 | 4.5 | 23.3% |
| Tunisia | 3.2 | 3.1 | 5.6 | 4.5 | 12.0% |
| Others | 83.2 | 71.2 | 79.4 | 57.9 | -11.4% |
| Total | 181 | 135 | 184 | 172 | -1.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Turkey in 2022:
- Spain (16.6K tons)
- Morocco (16.4K tons)
- Poland (9.7K tons)
- Netherlands (8.5K tons)
- Greece (7.5K tons)
- France (7.2K tons)
- Italy (6.8K tons)
- Canada (6.4K tons)
- Romania (6.4K tons)
- Israel (6.4K tons)
- Brazil (4.1K tons)
- Tunisia (4.1K tons)
- United Kingdom (4.1K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey
Imports of iron or non-alloy steel wire, plated or coated with zincs into Turkey shrank rapidly to 2.7K tons in 2022, waning by -46.7% on the year before. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 5.1K tons, and then dropped notably in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs shrank rapidly to $5.1M in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports reached the peak of $9.1M, and then contracted rapidly in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,314 | 1,358 | 2,338 | 1,418 | -15.1% |
| Slovakia | 1,102 | 1,117 | 1,448 | 1,305 | 5.8% |
| France | 1,041 | 431 | 1,022 | 563 | -18.5% |
| Iran | N/A | 25.4 | 346 | 531 | 357.2% |
| Germany | 354 | 365 | 335 | 497 | 12.0% |
| Belgium | 45.2 | 99.5 | 303 | 145 | 47.5% |
| Spain | 521 | 459 | 479 | 144 | -34.9% |
| Canada | N/A | 46.6 | 363 | 131 | 67.7% |
| Italy | 243 | 79.5 | 433 | 68.2 | -34.5% |
| South Korea | 93.2 | 416 | 1,704 | 40.0 | -24.6% |
| Brazil | 1,644 | N/A | 0.1 | N/A | -99.2% |
| Others | 271 | 542 | 299 | 293 | 2.6% |
| Total | 7,628 | 4,939 | 9,071 | 5,135 | -12.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Turkey in 2022:
- Iran (651.8 tons)
- China (627.9 tons)
- Slovakia (504.6 tons)
- Germany (244.5 tons)
- France (202.1 tons)
- Spain (108.9 tons)
- Canada (59.5 tons)
- Belgium (58.7 tons)
- Italy (44.4 tons)
- South Korea (17.8 tons)
512
This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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.
512
This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
296
This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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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