Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan - 2023
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $986 per ton, remaining constant against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure at $1,347 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,355 per ton), while the price for Thailand ($372 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,169 per ton in 2022, increasing by 28% against the previous year. Overall, the export price enjoyed a measured increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,221%. Over the period under review, the average export prices attained the peak figure at $1,401 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($1,163 per ton), while the average price for exports to Germany totaled $949 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+10.0%).
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan
After three years of growth, purchases abroad of steel alloy wire of materials other than silico-manganese steels decreased by -32% to 4.5K tons in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 159% against the previous year. As a result, imports reached the peak of 6.6K tons, and then contracted notably in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels shrank dramatically to $4.4M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 159% against the previous year. As a result, imports attained the peak of $6.5M, and then contracted markedly in the following year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,293 | 1,888 | 4,829 | 3,473 | 39.0% |
| Malaysia | 41.9 | 0.8 | 570 | 319 | 96.7% |
| Thailand | 144 | 138 | 235 | 123 | -5.1% |
| Canada | 23.7 | 89.0 | 173 | 103 | 63.2% |
| South Korea | 18.1 | 53.2 | 198 | 98.8 | 76.1% |
| Saudi Arabia | 68.8 | 56.4 | 82.1 | 36.7 | -18.9% |
| Others | 184 | 286 | 415 | 270 | 13.6% |
| Total | 1,774 | 2,511 | 6,503 | 4,424 | 35.6% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Pakistan in 2022:
- China (3496.8 tons)
- Thailand (331.1 tons)
- Malaysia (253.3 tons)
- Saudi Arabia (96.6 tons)
- South Korea (93.6 tons)
- Canada (76.2 tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan
For the third year in a row, Pakistan recorded growth in overseas shipments of steel alloy wire of materials other than silico-manganese steels, which increased by 74% to 2.4K tons in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 5,007% against the previous year. The exports peaked 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 $2.8M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 5,764% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Afghanistan | N/A | 1.2 | 2.8 | 133.3% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | N/A | 1.3 | 2.8 | 115.4% | |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Pakistan in 2022:
- Afghanistan (2.4K tons)
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