Price for Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka
Price for Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,324 per ton in 2022, with a decrease of -35.4% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $2,048 per ton, and then contracted markedly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,381 per ton), while the price for Vietnam stood at $1,283 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka
In 2022, the amount of steel alloy wire of silico-manganese steels imported into Sri Lanka dropped dramatically to 4.8 tons, which is down by -65.6% against 2021. Overall, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 275%.
In value terms, imports of steel alloy wire of silico-manganese steels dropped notably to $6.3K in 2022. In general, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 471%. As a result, imports reached the peak of $28K, and then dropped dramatically in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.7 | 3.0 | 25.4 | 3.6 | -18.7% |
| China | 17.1 | 2.0 | 3.1 | 2.8 | -45.3% |
| India | 2.2 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 26.2 | 5.0 | 28.4 | 6.3 | -37.8% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Sri Lanka in 2022:
- Vietnam (2.8 tons)
- China (2.0 tons)
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