Price for Steel Alloy Wire of Silico-Manganese Steel in Belgium - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Belgium (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Belgium (FOB) - 2024
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Belgium
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Belgium
Price for Steel Alloy Wire of Silico-Manganese Steel in Belgium (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $1,493 per ton, declining by -24.1% against the previous month. Over the period under review, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in October 2023 when the average import price increased by 102% m-o-m. As a result, import price attained the peak level of $2,702 per ton. From November 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($1,415 per ton), while the price for China amounted to $908 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Belgium (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $1,729 per ton in January 2024, reducing by -3.7% against the previous month. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 102% m-o-m. As a result, the export price reached the peak level of $3,563 per ton. From August 2023 to January 2024, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From January 2023 to January 2024, the rate of growth in terms of prices for Germany amounted to +6.4% per month.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Belgium
In 2022, supplies from abroad of steel alloy wire of silico-manganese steels decreased by -10.8% to 3K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel alloy wire of silico-manganese steels rose slightly to $5.4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1,666 | 1,607 | 1,578 | 1,875 | 4.0% |
| China | 690 | 1,115 | 1,284 | 1,184 | 19.7% |
| Germany | 466 | 416 | 834 | 608 | 9.3% |
| Netherlands | 11.2 | 141 | 604 | 554 | 267.1% |
| Vietnam | 264 | 108 | 259 | 451 | 19.5% |
| Turkey | 210 | 1,065 | 237 | 351 | 18.7% |
| Italy | 32.7 | 283 | 355 | 270 | 102.1% |
| Others | 2.4 | 1.4 | 133 | 93.3 | 238.8% |
| Total | 3,343 | 4,737 | 5,285 | 5,384 | 17.2% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Belgium in 2022:
- Czech Republic (1028.2 tons)
- China (804.5 tons)
- Germany (292.6 tons)
- Netherlands (269.1 tons)
- Vietnam (264.0 tons)
- Turkey (218.7 tons)
- Italy (117.1 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Belgium
In 2022, the amount of steel alloy wire of silico-manganese steels exported from Belgium rose remarkably to 312 tons, growing by 9.8% compared with 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,141%. As a result, the exports reached the peak of 994 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $496K in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,016% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 34.6 | 224 | 81.9 | 195 | 78.0% |
| France | N/A | 788 | 35.8 | 170 | -53.6% |
| Luxembourg | 36.7 | 41.4 | 58.5 | 42.3 | 4.8% |
| Portugal | N/A | N/A | 4.4 | 36.1 | 720.5% |
| North Macedonia | 12.0 | 12.0 | 18.5 | 19.4 | 17.4% |
| Italy | 0.2 | 0.2 | 5.0 | 10.3 | 272.1% |
| Germany | N/A | 22.2 | N/A | 2.5 | -66.4% |
| Others | 14.3 | 3.6 | 19.0 | 20.9 | 13.5% |
| Total | 97.8 | 1,091 | 223 | 496 | 71.8% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Belgium in 2022:
- Netherlands (153.0 tons)
- France (112.2 tons)
- Luxembourg (16.7 tons)
- Portugal (16.3 tons)
- North Macedonia (5.1 tons)
- Italy (5.0 tons)
- Germany (1.2 tons)
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