Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden (FOB) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden (CIF) - 2024
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $3,918 per ton in January 2024, with a decrease of -2.7% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average export price increased by 5.7% m-o-m. Over the period under review, the average export prices attained the maximum at $4,028 per ton in December 2023, and then dropped slightly in the following month.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was the United States ($8,834 per ton), while the average price for exports to Bosnia and Herzegovina ($2,933 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 Mexico (+2.2%), 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 Sweden (CIF) - 2024
In January 2024, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $2,212 per ton, jumping by 22% against the previous month. Overall, the import price, however, continues to indicate a abrupt contraction. The import price peaked at $5,022 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($20,036 per ton), while the price for South Korea ($1,840 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 Italy (-0.5%), while the prices for the other major suppliers experienced a decline.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden
Exports of steel alloy wire of materials other than silico-manganese steels from Sweden fell to 25K tons in 2022, with a decrease of -5.3% on 2021 figures. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports attained the peak of 26K tons, and then dropped in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels shrank to $87M in 2022. Overall, total exports indicated a pronounced increase 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, exports increased by +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of $96M, and then dropped in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.8 | 44.5 | 67.6 | 57.7 | 1.7% |
| Hungary | 4.2 | 4.7 | 9.7 | 10.8 | 37.0% |
| Poland | 3.5 | 2.5 | 4.6 | 5.2 | 14.1% |
| France | 3.3 | 3.0 | 3.7 | 2.8 | -5.3% |
| Mexico | 2.1 | 1.3 | 2.6 | 2.1 | 0.0% |
| Italy | 1.6 | 1.0 | 1.6 | 1.6 | 0.0% |
| Czech Republic | 0.1 | 0.3 | 0.9 | 1.4 | 141.0% |
| Others | 6.8 | 4.6 | 5.6 | 5.4 | -7.4% |
| Total | 76.4 | 61.9 | 96.3 | 87.1 | 4.5% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Sweden in 2022:
- Germany (15.7K tons)
- Hungary (4.1K tons)
- Poland (1.4K tons)
- France (0.7K tons)
- Czech Republic (0.6K tons)
- Italy (0.5K tons)
- Mexico (0.4K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels imported into Sweden contracted dramatically to 11K tons, dropping by -23.3% against the previous year's figure. Overall, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports attained the peak of 14K tons, and then contracted sharply in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels expanded sharply to $24M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.2 | 2.3 | 5.9 | 6.0 | 23.3% |
| Malaysia | 2.6 | 1.7 | 3.3 | 4.1 | 16.4% |
| Austria | 0.3 | 0.1 | 0.2 | 3.4 | 124.6% |
| Luxembourg | 0.3 | 2.4 | 4.2 | 2.7 | 108.0% |
| Germany | 6.0 | 2.5 | 2.7 | 1.9 | -31.8% |
| Russia | N/A | 1.6 | 2.8 | 0.5 | -44.1% |
| Others | 3.3 | 3.0 | 3.7 | 5.9 | 21.4% |
| Total | 15.7 | 13.5 | 22.8 | 24.5 | 16.0% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Sweden in 2022:
- Italy (3.3K tons)
- Malaysia (2.4K tons)
- Austria (1.4K tons)
- Luxembourg (1.3K tons)
- Germany (0.9K tons)
- Russia (0.4K tons)
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