Price for Wire of Other Alloy Steel in Belgium - 2023
Contents:
- Price for Wire of Other Alloy Steel in Belgium (FOB) - 2023
- Price for Wire of Other Alloy Steel in Belgium (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Belgium
- Imports of Wire of Other Alloy Steel in Belgium
Price for Wire of Other Alloy Steel in Belgium (FOB) - 2023
The average export price for wire of other alloy steels stood at $1,823 per ton in August 2023, falling by -5.6% against the previous month. In general, the export price saw a pronounced reduction. The growth pace was the most rapid in November 2022 when the average export price increased by 20% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,067 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,874 per ton), while the average price for exports to Turkey ($2,441 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Belgium (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $1,536 per ton, flattening at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 41% against the previous month. Over the period under review, average import prices attained the peak figure at $3,183 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($1,711 per ton), while the price for China ($1,059 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Belgium
Wire of other alloy steel exports from Belgium soared to 20K tons in 2022, rising by 51% on the previous year. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 280%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, wire of other alloy steel exports surged to $53M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 244% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Wire of Other Alloy Steel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.8 | 2.7 | 8.5 | 15.9 | 170.9% |
| France | 0.2 | 2.0 | 4.7 | 12.3 | 294.7% |
| United States | 0.4 | 1.1 | 4.6 | 4.4 | 122.4% |
| Italy | N/A | 0.4 | 2.5 | 3.5 | 195.8% |
| Spain | 0.4 | 0.3 | 2.5 | 2.7 | 89.0% |
| Poland | N/A | N/A | 0.8 | 2.1 | 162.5% |
| Netherlands | 0.1 | 0.4 | 0.6 | 1.7 | 157.1% |
| Hungary | 1.2 | 0.6 | 0.2 | N/A | -59.2% |
| Others | 0.5 | 1.5 | 6.4 | 10.1 | 172.3% |
| Total | 3.6 | 9.0 | 30.9 | 52.7 | 144.6% |
Top Export Markets for Wire of Other Alloy Steel from Belgium in 2022:
- France (5.9K tons)
- Germany (5.6K tons)
- United States (1.5K tons)
- Italy (1.3K tons)
- Spain (1.0K tons)
- Netherlands (0.9K tons)
- Poland (0.7K tons)
Imports of Wire of Other Alloy Steel in Belgium
In 2022, after three years of growth, there was significant decline in purchases abroad of wire of other alloy steels, when their volume decreased by -44.6% to 13K tons. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year.
In value terms, wire of other alloy steel imports contracted rapidly to $22M in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 51%.
| Import of Wire of Other Alloy Steel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.3 | 10.5 | 13.6 | 9.1 | 40.2% |
| China | 3.0 | 3.9 | 5.5 | 4.7 | 16.1% |
| Czech Republic | 2.0 | 1.9 | 2.0 | 2.5 | 7.7% |
| Germany | 1.6 | 1.4 | 1.7 | 1.5 | -2.1% |
| Netherlands | 0.8 | 0.7 | 1.4 | 1.4 | 20.5% |
| Italy | 0.8 | 0.7 | 0.9 | 1.0 | 7.7% |
| Vietnam | 0.7 | 0.1 | 0.3 | 0.6 | -5.0% |
| Russia | N/A | 0.2 | 2.9 | 0.5 | 58.1% |
| Others | 1.1 | 0.5 | 1.7 | 1.2 | 2.9% |
| Total | 13.2 | 19.9 | 29.9 | 22.4 | 19.3% |
Top Suppliers of Wire of Other Alloy Steel to Belgium in 2022:
- Turkey (7.7K tons)
- China (1.5K tons)
- Czech Republic (1.2K tons)
- Germany (0.7K tons)
- Netherlands (0.6K tons)
- Russia (0.5K tons)
- Italy (0.4K tons)
- Vietnam (0.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Belgium.
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