Price for Steel Alloy Wire of Silico-Manganese Steel in Brazil - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Brazil (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Brazil (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Brazil
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Brazil
Price for Steel Alloy Wire of Silico-Manganese Steel in Brazil (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,181 per ton in March 2024, with an increase of 14% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $1,225 per ton; afterwards, it flattened through to March 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($2,672 per ton), while the price for Hong Kong SAR ($810 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Argentina (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in Brazil (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $1,992 per ton, surging by 59% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel alloy wire of silico-manganese steels increased by +72.8% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($20,058 per ton), while the average price for exports to Paraguay ($1,459 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 Japan (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Brazil
In 2022, the amount of steel alloy wire of silico-manganese steels imported into Brazil dropped rapidly to 46K tons, which is down by -17.8% on the year before. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 140% against the previous year. As a result, imports attained the peak of 56K tons, and then shrank dramatically in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels contracted to $74M in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 224% against the previous year. As a result, imports attained the peak of $79M, and then fell in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.6 | 16.8 | 61.2 | 52.6 | 28.8% |
| Argentina | 8.9 | 4.5 | 9.6 | 11.7 | 9.5% |
| Vietnam | 0.5 | 0.4 | 3.0 | 2.7 | 75.4% |
| Czech Republic | 0.6 | 1.2 | 1.7 | 2.6 | 63.0% |
| South Korea | 1.5 | 1.3 | 2.3 | 2.0 | 10.1% |
| Hong Kong SAR | 0.4 | 0.1 | 0.3 | 1.2 | 44.2% |
| Others | 1.1 | 0.2 | 1.4 | 0.7 | -14.0% |
| Total | 37.6 | 24.5 | 79.4 | 73.6 | 25.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Brazil in 2022:
- China (34.6K tons)
- Argentina (6.0K tons)
- Vietnam (1.7K tons)
- Czech Republic (1.3K tons)
- South Korea (0.8K tons)
- Hong Kong SAR (0.8K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Brazil
In 2022, approx. 399 tons of steel alloy wire of silico-manganese steels were exported from Brazil; increasing by 63% compared with 2021 figures. Over the period under review, exports, however, showed a deep slump.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $795K in 2022. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 391 | 627 | 252 | 459 | 5.5% |
| Japan | 0.7 | N/A | 1.2 | 168 | 521.4% |
| Paraguay | 39.8 | 8.3 | 36.4 | 151 | 56.0% |
| Bolivia | 35.9 | 18.6 | 11.7 | 16.3 | -23.1% |
| Others | 47.5 | 19.7 | 5.2 | 1.0 | -72.4% |
| Total | 515 | 674 | 306 | 795 | 15.6% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Brazil in 2022:
- Argentina (281.2 tons)
- Paraguay (103.5 tons)
- Japan (8.4 tons)
- Bolivia (6.0 tons)
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