Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy (FOB) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy (CIF) - 2024
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $2,192 per ton in January 2024, falling by -6.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 6.1% against the previous month. The export price peaked at $2,426 per ton in June 2023; however, from July 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($2,848 per ton), while the average price for exports to Brazil ($1,432 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.1%), 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 Italy (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,443 per ton in January 2024, reducing by -17.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 23% m-o-m. As a result, import price attained the peak level of $2,952 per ton, and then dropped rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($7,705 per ton), while the price for Turkey ($1,353 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels exported from Italy was estimated at 71K tons, standing approx. at 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels surged to $161M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.9 | 17.2 | 26.9 | 46.7 | 30.7% |
| France | 11.7 | 10.4 | 12.5 | 13.0 | 3.6% |
| Austria | 1.9 | 1.7 | 2.9 | 10.8 | 78.5% |
| Poland | 6.5 | 5.2 | 6.5 | 8.4 | 8.9% |
| United Kingdom | 2.8 | 3.1 | 6.9 | 8.2 | 43.1% |
| Netherlands | 2.1 | 2.9 | 4.5 | 8.1 | 56.8% |
| United States | 20.6 | 16.9 | 22.0 | 7.1 | -29.9% |
| Spain | 6.5 | 5.1 | 5.1 | 5.9 | -3.2% |
| Sweden | 3.7 | 2.7 | 6.1 | 5.8 | 16.2% |
| Hungary | 1.1 | 1.4 | 3.7 | 5.7 | 73.0% |
| Czech Republic | 2.8 | 2.2 | 3.4 | 4.8 | 19.7% |
| Switzerland | 3.0 | 2.3 | 4.2 | 4.8 | 17.0% |
| Turkey | 2.4 | 3.0 | 5.4 | 4.0 | 18.6% |
| Others | 23.9 | 19.9 | 25.2 | 27.7 | 5.0% |
| Total | 110 | 93.9 | 135 | 161 | 13.5% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Italy in 2022:
- Germany (20.3K tons)
- France (6.2K tons)
- Austria (5.0K tons)
- Poland (4.2K tons)
- Netherlands (4.1K tons)
- Sweden (3.3K tons)
- Hungary (2.9K tons)
- United Kingdom (2.8K tons)
- Spain (2.5K tons)
- United States (2.1K tons)
- Switzerland (2.1K tons)
- Czech Republic (2.0K tons)
- Turkey (1.5K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Italy
In 2022, approx. 37K tons of steel alloy wire of materials other than silico-manganese steels were imported into Italy; increasing by 30% on the year before. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels soared to $74M in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Imports peaked 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.2 | 2.3 | 10.8 | 21.5 | 375.5% |
| Germany | 20.4 | 11.4 | 11.9 | 14.7 | -10.3% |
| Austria | 12.6 | 3.6 | 5.1 | 7.4 | -16.3% |
| France | 3.9 | 4.0 | 4.0 | 7.0 | 21.5% |
| Czech Republic | 5.7 | 2.6 | 1.9 | 3.9 | -11.9% |
| South Korea | 1.4 | 3.3 | 2.8 | 3.4 | 34.4% |
| Belgium | 0.1 | 0.1 | 1.0 | 3.2 | 217.5% |
| Sweden | 1.5 | 1.0 | 1.4 | 1.6 | 2.2% |
| Russia | N/A | 1.3 | 3.5 | 1.5 | 7.4% |
| Slovakia | 0.2 | 0.1 | 0.1 | 1.4 | 91.3% |
| Ukraine | N/A | 0.2 | 2.5 | 0.1 | -29.3% |
| Others | 5.3 | 5.4 | 6.5 | 8.0 | 14.7% |
| Total | 51.3 | 35.2 | 51.6 | 73.8 | 12.9% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Italy in 2022:
- Turkey (18.0K tons)
- Germany (4.7K tons)
- France (3.4K tons)
- Austria (2.4K tons)
- Czech Republic (1.7K tons)
- Belgium (1.2K tons)
- Slovakia (1.2K tons)
- Russia (1.1K tons)
- South Korea (1.0K tons)
- Sweden (0.5K tons)
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