Price for Steel Alloy Wire of Silico-Manganese Steel in Singapore - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Singapore (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Singapore (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Singapore
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Singapore
Price for Steel Alloy Wire of Silico-Manganese Steel in Singapore (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $2,396 per ton in 2022, surging by 57% against the previous year. Overall, the import price showed a slight expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 69%. As a result, import price attained the peak level of $3,144 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,244 per ton), while the price for Malaysia ($1,475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Singapore (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $3,898 per ton, declining by -29.6% against the previous year. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by 241%. As a result, the export price reached the peak level of $7,184 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($4,368 per ton), while the average price for exports to India ($1,430 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 (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Singapore
In 2022, the amount of steel alloy wire of silico-manganese steels imported into Singapore surged to 453 tons, jumping by 96% compared with the year before. Over the period under review, imports, however, saw a pronounced setback.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $1.1M in 2022. Overall, imports showed strong growth.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 332 | 264 | 210 | 509 | 15.3% |
| Italy | 0.3 | 0.7 | 13.5 | 153 | 699.0% |
| United States | 74.7 | 211 | 32.7 | 152 | 26.7% |
| France | N/A | N/A | 33.6 | 101 | 200.6% |
| Brazil | N/A | N/A | N/A | 69.9 | 0% |
| Malaysia | 81.0 | 51.8 | 32.0 | 61.4 | -8.8% |
| Czech Republic | 26.6 | 28.3 | 6.0 | 20.8 | -7.9% |
| Thailand | 206 | 184 | 2.8 | 12.5 | -60.7% |
| Canada | 1.1 | 379 | 19.8 | 0.1 | -55.0% |
| Indonesia | 36.4 | 35.3 | N/A | N/A | -3.0% |
| Others | 11.8 | 20.9 | 1.4 | 4.9 | -25.4% |
| Total | 770 | 1,175 | 352 | 1,085 | 12.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Singapore in 2022:
- China (258.1 tons)
- Italy (54.5 tons)
- France (43.3 tons)
- Malaysia (41.6 tons)
- Brazil (18.9 tons)
- United States (18.4 tons)
- Czech Republic (12.3 tons)
- Thailand (5.0 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Singapore
Exports of steel alloy wire of silico-manganese steels from Singapore amounted to 123 tons in 2022, approximately equating the previous year's figure. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 231%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel alloy wire of silico-manganese steels shrank markedly to $479K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 184% against the previous year. As a result, the exports attained the peak of $673K, and then dropped sharply in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 207 | 121 | 190 | 254 | 7.1% |
| Vietnam | 0.9 | 65.1 | 0.6 | 162 | 464.6% |
| Malaysia | 20.5 | 46.0 | 44.3 | 20.9 | 0.6% |
| Sri Lanka | N/A | N/A | N/A | 18.3 | 0% |
| India | N/A | N/A | 0.8 | 12.2 | 1425.0% |
| Japan | N/A | 0.1 | 19.9 | 5.9 | 668.1% |
| United Arab Emirates | N/A | 2.1 | 404 | N/A | 19138.1% |
| Others | 24.7 | 2.0 | 13.2 | 4.6 | -42.9% |
| Total | 253 | 237 | 673 | 479 | 23.7% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Singapore in 2022:
- Indonesia (58.3 tons)
- Vietnam (40.7 tons)
- India (8.5 tons)
- Malaysia (6.0 tons)
- Sri Lanka (5.8 tons)
- Japan (2.6 tons)
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