Price for Steel Alloy Wire of Silico-Manganese Steel in Estonia - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Estonia (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Estonia (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Estonia
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Estonia
Price for Steel Alloy Wire of Silico-Manganese Steel in Estonia (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $2,294 per ton in 2022, rising by 1.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,762 per ton), while the price for China ($1,484 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Estonia (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $1,952 per ton, growing by 16% against the previous year. Overall, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2018 when the average export price increased by 135%. As a result, the export price reached the peak level of $6,308 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($4,210 per ton), while the average price for exports to Russia ($1,803 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 Finland (+4.5%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Estonia
In 2022, approx. 1.6K tons of steel alloy wire of silico-manganese steels were imported into Estonia; with an increase of 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels skyrocketed to $3.6M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 18.3 | 232 | 1,062 | 2,263 | 398.2% |
| China | 496 | 367 | 175 | 518 | 1.5% |
| Lithuania | 0.7 | 153 | 168 | 274 | 631.5% |
| Germany | 7.4 | 1,282 | 1,062 | 214 | 206.9% |
| Italy | 71.4 | 37.7 | 202 | 166 | 32.5% |
| Malaysia | N/A | N/A | N/A | 79.3 | 0% |
| Finland | N/A | 388 | 7.4 | 77.0 | -55.5% |
| Turkey | 52.0 | 52.0 | 55.2 | N/A | 3.0% |
| Others | 1,864 | 32.3 | 334 | 25.6 | -76.1% |
| Total | 2,510 | 2,544 | 3,066 | 3,617 | 13.0% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Estonia in 2022:
- Czech Republic (825.6 tons)
- China (348.7 tons)
- Lithuania (143.8 tons)
- Italy (96.2 tons)
- Germany (77.4 tons)
- Malaysia (43.2 tons)
- Finland (30.8 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Estonia
In 2022, overseas shipments of steel alloy wire of silico-manganese steels decreased by -27.6% to 43 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 359% against the previous year. As a result, the exports reached the peak of 60 tons, and then shrank sharply in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels shrank remarkably to $84K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 421% against the previous year. As a result, the exports reached the peak of $101K, and then contracted sharply in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.4 | 13.4 | 84.9 | 53.9 | 93.8% |
| Latvia | N/A | 4.7 | 13.6 | 22.3 | 117.8% |
| Kazakhstan | N/A | N/A | N/A | 6.1 | 0% |
| Finland | 1.1 | 1.3 | 1.6 | 1.5 | 10.9% |
| Others | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Total | 8.5 | 19.3 | 101 | 84.2 | 114.8% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Estonia in 2022:
- Russia (29.9 tons)
- Latvia (11.0 tons)
- Kazakhstan (1.5 tons)
- Finland (0.5 tons)
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