Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India - 2023
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (CIF) - 2022
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,132 per ton in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,816 per ton), while the price for Vietnam ($1,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,720 per ton in 2022, jumping by 20% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 60%. The export price peaked at $1,935 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,629 per ton), while the average price for exports to Nepal ($936 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 Japan (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India
Imports of steel alloy wire of materials other than silico-manganese steels into India reduced to 44K tons in 2022, with a decrease of -13.4% against 2021. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of 51K tons, and then contracted in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels declined slightly to $94M in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +86.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of $95M, leveling off in the following year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 22.0 | 16.2 | 37.9 | 36.6 | 18.5% |
| Japan | 11.6 | 9.7 | 17.8 | 17.2 | 14.0% |
| China | 13.2 | 7.4 | 16.1 | 16.3 | 7.3% |
| France | 6.7 | 2.9 | 5.0 | 4.2 | -14.4% |
| Italy | 9.2 | 2.8 | 2.4 | 3.5 | -27.5% |
| Thailand | 1.9 | 1.6 | 1.9 | 2.9 | 15.1% |
| Malaysia | 4.0 | 2.3 | 3.6 | 1.9 | -22.0% |
| Vietnam | 4.5 | 1.8 | 2.9 | 1.6 | -29.2% |
| Others | 9.4 | 5.5 | 7.5 | 9.8 | 1.4% |
| Total | 82.4 | 50.4 | 95.1 | 94.2 | 4.6% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to India in 2022:
- South Korea (22.1K tons)
- Japan (6.1K tons)
- China (6.0K tons)
- France (2.3K tons)
- Italy (1.6K tons)
- Thailand (1.5K tons)
- Malaysia (1.1K tons)
- Vietnam (1.0K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India
In 2022, approx. 11K tons of steel alloy wire of materials other than silico-manganese steels were exported from India; which is down by -20.8% compared with the previous year's figure. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 222%. As a result, the exports attained the peak of 14K tons, and then fell dramatically in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels dropped to $20M in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 202%. As a result, the exports attained the peak of $21M, and then shrank modestly in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,124 | 1,114 | 2,975 | 3,823 | 50.4% |
| United States | 581 | 789 | 2,570 | 2,375 | 59.9% |
| Canada | 6.7 | 39.2 | 398 | 1,557 | 514.8% |
| United Kingdom | 959 | 464 | 1,606 | 1,497 | 16.0% |
| Thailand | 525 | 560 | 1,090 | 962 | 22.4% |
| Japan | 41.5 | 169 | 1,532 | 886 | 177.4% |
| Nepal | 425 | 572 | 1,176 | 778 | 22.3% |
| Indonesia | 82.3 | 105 | 405 | 774 | 111.1% |
| South Africa | 15.5 | 0.8 | 679 | 659 | 249.0% |
| Poland | 304 | 323 | 617 | 512 | 19.0% |
| South Korea | 7.9 | 3.7 | 79.3 | 486 | 294.8% |
| Kenya | 302 | 426 | 502 | 472 | 16.0% |
| Argentina | 2.2 | N/A | 279 | 294 | 411.3% |
| Others | 5,597 | 2,279 | 6,768 | 4,642 | -6.0% |
| Total | 9,974 | 6,845 | 20,678 | 19,718 | 25.5% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from India in 2022:
- United Arab Emirates (1997.6 tons)
- Canada (1372.3 tons)
- United States (1225.1 tons)
- Nepal (831.5 tons)
- South Africa (589.1 tons)
- Thailand (475.8 tons)
- Indonesia (421.2 tons)
- United Kingdom (412.6 tons)
- Japan (390.6 tons)
- Kenya (345.1 tons)
- South Korea (287.2 tons)
- Poland (283.5 tons)
- Argentina (239.6 tons)
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