Price for Steel Alloy Wire of Silico-Manganese Steel in Hungary - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Hungary (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Hungary (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Hungary
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Hungary
Price for Steel Alloy Wire of Silico-Manganese Steel in Hungary (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $2,033 per ton, picking up by 6.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 15% m-o-m. As a result, import price reached the peak level of $2,227 per ton. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($1,425 per ton), while the price for China stood at $1,005 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Steel Alloy Wire of Silico-Manganese Steel in Hungary (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $2,275 per ton in 2022, with an increase of 9.3% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 66% against the previous year. As a result, the export price attained the peak level of $3,437 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($3,063 per ton), while the average price for exports to Slovakia ($1,682 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Hungary
In 2022, supplies from abroad of steel alloy wire of silico-manganese steels was finally on the rise to reach 5.8K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels surged to $11M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 3.3 | 2.6 | 2.9 | 3.8 | 4.8% |
| China | 1.4 | 1.6 | 1.8 | 2.7 | 24.5% |
| Austria | 0.7 | 0.5 | 0.5 | 1.8 | 37.0% |
| Poland | 0.1 | 0.1 | 0.2 | 1.0 | 115.4% |
| Turkey | 0.6 | 0.4 | 0.5 | 0.6 | 0.0% |
| Slovenia | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Germany | 2.1 | 2.2 | 0.7 | 0.2 | -54.3% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 8.6 | 7.8 | 7.2 | 10.5 | 6.9% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Hungary in 2022:
- Czech Republic (2152.1 tons)
- China (1779.7 tons)
- Austria (769.4 tons)
- Poland (484.7 tons)
- Turkey (318.8 tons)
- Slovenia (165.6 tons)
- Germany (77.7 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Hungary
In 2022, the amount of steel alloy wire of silico-manganese steels exported from Hungary expanded to 477 tons, picking up by 1.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 506 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel alloy wire of silico-manganese steels reached $1.1M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 57%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 428 | 559 | 725 | 668 | 16.0% |
| Bosnia and Herzegovina | 7.5 | 11.0 | 52.4 | 207 | 202.2% |
| Albania | 37.1 | 141 | 66.6 | 144 | 57.2% |
| Slovakia | N/A | N/A | N/A | 37.4 | 0% |
| Montenegro | 37.9 | 15.4 | 9.3 | 16.7 | -23.9% |
| Others | 5.0 | 83.6 | 124 | 13.0 | 37.5% |
| Total | 516 | 810 | 977 | 1,086 | 28.2% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Hungary in 2022:
- Serbia (293.3 tons)
- Bosnia and Herzegovina (87.3 tons)
- Albania (64.9 tons)
- Slovakia (22.2 tons)
- Montenegro (5.5 tons)
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