Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (FOB) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (CIF) - 2024
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,205 per ton in December 2023, falling by -2.1% against the previous month. In general, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in August 2023 an increase of 8.3% month-to-month. Over the period under review, the average export prices hit record highs at $1,537 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Germany ($2,044 per ton), while the average price for exports to Croatia ($714 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (CIF) - 2024
In December 2023, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $2,466 per ton, dropping by -3.6% against the previous month. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in May 2023 an increase of 23% against the previous month. As a result, import price reached the peak level of $3,779 per ton. From June 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($3,377 per ton), while the price for Vietnam ($950 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China
Exports of steel alloy wire of materials other than silico-manganese steels from China reduced notably to 73K tons in 2022, which is down by -38.1% on 2021 figures. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 17%. As a result, the exports reached the peak of 117K tons, and then reduced remarkably in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels shrank remarkably to $152M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67%. As a result, the exports reached the peak of $199M, and then declined significantly in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.3 | 6.5 | 26.4 | 16.5 | 37.8% |
| Malaysia | 10.1 | 10.3 | 13.1 | 10.3 | 0.7% |
| South Korea | 9.1 | 10.1 | 10.3 | 9.5 | 1.4% |
| India | 6.9 | 5.4 | 11.6 | 9.3 | 10.5% |
| Vietnam | 9.5 | 11.1 | 19.1 | 8.5 | -3.6% |
| Germany | 6.7 | 5.3 | 6.6 | 7.5 | 3.8% |
| Thailand | 7.2 | 7.7 | 9.7 | 6.2 | -4.9% |
| Turkey | 2.4 | 2.9 | 4.3 | 6.1 | 36.5% |
| Netherlands | 6.1 | 2.9 | 3.2 | 5.3 | -4.6% |
| South Africa | 0.7 | 1.5 | 4.7 | 5.2 | 95.1% |
| Bahrain | 2.2 | 1.0 | 4.1 | 4.9 | 30.6% |
| Indonesia | 4.3 | 2.2 | 4.7 | 4.6 | 2.3% |
| Russia | 1.5 | 1.3 | 2.0 | 3.7 | 35.1% |
| Others | 50.0 | 51.1 | 78.9 | 54.3 | 2.8% |
| Total | 123 | 119 | 199 | 152 | 7.3% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from China in 2022:
- Malaysia (8.9K tons)
- Brazil (8.8K tons)
- South Korea (6.0K tons)
- Vietnam (4.2K tons)
- Bahrain (3.9K tons)
- Turkey (3.6K tons)
- India (3.5K tons)
- Netherlands (3.3K tons)
- Thailand (3.2K tons)
- South Africa (2.6K tons)
- Germany (2.5K tons)
- Indonesia (2.1K tons)
- Russia (1.7K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China
In 2022, approx. 40K tons of steel alloy wire of materials other than silico-manganese steels were imported into China; dropping by -21.2% on 2021 figures. Overall, imports recorded a abrupt setback. The smallest decline of -4.3% was in 2021.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels reduced to $116M in 2022. Over the period under review, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 when imports increased by 7.2%.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.9 | 37.2 | 50.9 | 47.1 | 1.6% |
| Taiwan (Chinese) | 12.8 | 12.1 | 14.1 | 13.6 | 2.0% |
| Germany | 12.9 | 15.6 | 15.3 | 13.5 | 1.5% |
| South Korea | 44.2 | 34.7 | 22.1 | 13.0 | -33.5% |
| Malaysia | 2.7 | 2.8 | 3.1 | 7.8 | 42.4% |
| Austria | 3.7 | 5.4 | 6.1 | 4.7 | 8.3% |
| Indonesia | 2.0 | 3.1 | 4.8 | 4.2 | 28.1% |
| Others | 11.3 | 9.3 | 12.4 | 11.6 | 0.9% |
| Total | 135 | 120 | 129 | 116 | -4.9% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to China in 2022:
- Japan (15.7K tons)
- South Korea (7.5K tons)
- Malaysia (4.7K tons)
- Taiwan (Chinese) (4.0K tons)
- Austria (2.2K tons)
- Germany (1.9K tons)
- Indonesia (1.4K tons)
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