Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (CIF) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (CIF) - 2024
In August 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $676 per ton, shrinking by -4% against the previous month. In general, the import price showed a slight reduction. The growth pace was the most rapid in July 2023 an increase of 2.6% against the previous month. Over the period under review, average import prices hit record highs at $765 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Moldova ($697 per ton), while the price for Italy totaled $656 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Moldova (-1.8%).
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $714 per ton, declining by -18.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,317 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($1,704 per ton), while the average price for exports to Italy ($618 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 Montenegro (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
In 2022, approx. 11K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Serbia; leveling off at the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 +60.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted to $8.2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $8.5M, and then reduced in the following year.
Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 5.9 | 4.8 | 8.5 | 4.2 | -10.7% |
Moldova | N/A | N/A | N/A | 2.5 | 0% |
Bosnia and Herzegovina | N/A | N/A | N/A | 1.3 | 0% |
Turkey | N/A | N/A | N/A | 0.2 | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.9 | 4.8 | 8.5 | 8.2 | 11.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Serbia in 2022:
- Italy (6.6K tons)
- Moldova (3.1K tons)
- Bosnia and Herzegovina (1.4K tons)
- Turkey (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Serbia surged to 91 tons in 2022, picking up by 29% compared with 2021. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 297%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $65K in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 308% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 19.7 | 6.4 | 37.9 | 35.7 | 21.9% |
Bosnia and Herzegovina | 5.1 | 8.1 | 17.9 | 21.7 | 62.0% |
Montenegro | N/A | 0.7 | 0.3 | 6.6 | 207.1% |
Croatia | 0.2 | N/A | 5.3 | N/A | 414.8% |
North Macedonia | 13.4 | N/A | N/A | N/A | 0% |
Others | 1.8 | N/A | 0.3 | 0.9 | -20.6% |
Total | 40.2 | 15.1 | 61.8 | 64.8 | 17.3% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Serbia in 2022:
- Italy (57.7 tons)
- Bosnia and Herzegovina (29.1 tons)
- Montenegro (3.9 tons)
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