Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore - 2023
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore (FOB) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore (CIF) - 2022
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $16,228 per ton, dropping by -35.6% against the previous year. In general, the export price, however, posted a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by 580% against the previous year. As a result, the export price reached the peak level of $25,187 per ton, and then declined remarkably in the following year.
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 United States ($205,702 per ton), while the average price for exports to Indonesia ($7,253 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 China (+36.4%), 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 Singapore (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $3,252 per ton, falling by -5.8% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel alloy wire of materials other than silico-manganese steels increased by +36.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 45%. As a result, import price attained the peak level of $3,451 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7,544 per ton), while the price for Indonesia ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), 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 Singapore
After two years of decline, overseas shipments of steel alloy wire of materials other than silico-manganese steels increased by 284% to 2K tons in 2022. In general, exports, however, recorded a significant contraction.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels skyrocketed to $32M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.8 | 6.1 | 4.7 | 27.9 | 68.8% |
| Indonesia | 2.4 | 1.5 | 2.4 | 2.2 | -2.9% |
| Others | 1.3 | 1.8 | 5.6 | 1.6 | 7.2% |
| Total | 9.5 | 9.4 | 12.8 | 31.7 | 49.4% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Singapore in 2022:
- Malaysia (1597.8 tons)
- Indonesia (303.4 tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore
In 2022, supplies from abroad of steel alloy wire of materials other than silico-manganese steels was finally on the rise to reach 4.4K tons after two years of decline. In general, imports, however, faced a deep contraction.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels soared to $14M in 2022. Overall, imports, however, showed a deep reduction.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.4 | 7.8 | 5.1 | 7.1 | -8.9% |
| China | 2.4 | 1.5 | 1.8 | 2.3 | -1.4% |
| Taiwan (Chinese) | 2.3 | 1.9 | 1.1 | 1.5 | -13.3% |
| France | N/A | 0.8 | 0.1 | 1.0 | 11.8% |
| Germany | 0.1 | 0.3 | 0.1 | 0.5 | 71.0% |
| Thailand | 0.3 | 0.1 | 0.3 | 0.3 | 0.0% |
| Indonesia | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Italy | 0.6 | 0.3 | N/A | N/A | -50.0% |
| Others | 1.7 | 0.7 | 0.3 | 1.5 | -4.1% |
| Total | 16.9 | 13.5 | 8.7 | 14.3 | -5.4% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Singapore in 2022:
- Japan (2155.9 tons)
- Taiwan (Chinese) (699.0 tons)
- China (590.3 tons)
- France (436.9 tons)
- Thailand (134.8 tons)
- Indonesia (89.7 tons)
- Germany (74.8 tons)
- Italy (0.1 tons)
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