Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia - 2024

Contents:

  1. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (FOB) - 2022
  2. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (CIF) - 2022
  3. Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia
  4. Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (FOB) - 2022

In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $5,888 per ton, increasing by 81% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 an increase of 356%. Over the period under review, the average export prices hit record highs at $7,182 per ton in 2019; however, from 2020 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 Latvia ($7,168 per ton), while the average price for exports to Finland ($2,308 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 Latvia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (CIF) - 2022

The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,302 per ton in 2022, rising by 7.8% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $5,776 per ton. From 2018 to 2022, the average import prices remained at a 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 Germany ($3,746 per ton), while the price for Turkey ($1,124 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), 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 Estonia

For the fourth consecutive year, Estonia recorded growth in shipments abroad of steel alloy wire of materials other than silico-manganese steels, which increased by 1,421% to 425 tons in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel alloy wire of materials other than silico-manganese steels skyrocketed to $2.5M in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ArmeniaN/AN/AN/A2,4300%
Latvia4.35.417.335.5102.1%
RussiaN/AN/A57.933.7-41.8%
Others9.35.715.66.0-13.6%
Total13.611.190.82,505469.0%

Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Estonia in 2022:

  1. Armenia (409.1 tons)
  2. Russia (10.8 tons)
  3. Latvia (5.0 tons)

Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia

Imports of steel alloy wire of materials other than silico-manganese steels into Estonia soared to 1.6K tons in 2022, growing by 67% on 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,881% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of steel alloy wire of materials other than silico-manganese steels skyrocketed to $2.1M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 473%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/A2372881,038109.3%
TurkeyN/A30062880363.6%
Poland12.129.460.3101102.9%
Germany28.310210397.651.1%
Others87.966.580.054.2-14.9%
Total1287351,1602,094153.9%

Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Estonia in 2022:

  1. Russia (817.6 tons)
  2. Turkey (714.9 tons)
  3. Poland (30.9 tons)
  4. Germany (26.1 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Steel, alloy; wire, of materials other than high speed or silico-manganese steel - Estonia