Price for Wire of Other Alloy Steel in Croatia - 2023
Contents:
- Price for Wire of Other Alloy Steel in Croatia (FOB) - 2023
- Price for Wire of Other Alloy Steel in Croatia (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Croatia
- Imports of Wire of Other Alloy Steel in Croatia
Price for Wire of Other Alloy Steel in Croatia (FOB) - 2023
In August 2023, the average export price for wire of other alloy steels amounted to $1,988 per ton, which is down by -3.2% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 5% m-o-m. The export price peaked at $2,094 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From October 2022 to August 2023, the rate of growth in terms of prices for Hungary amounted to +10.0% per month.
Price for Wire of Other Alloy Steel in Croatia (CIF) - 2023
The average import price for wire of other alloy steels stood at $2,211 per ton in August 2023, growing by 19% against the previous month. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,349 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,784 per ton), while the price for China ($1,032 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 Slovenia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Croatia
For the fourth consecutive year, Croatia recorded growth in shipments abroad of wire of other alloy steels, which increased by 20% to 2.9K tons in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 193%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, wire of other alloy steel exports surged to $5.7M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 151%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Wire of Other Alloy Steel in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 322 | 827 | 1,140 | 1,425 | 64.2% |
| Romania | 148 | 380 | 554 | 1,024 | 90.6% |
| Slovenia | 157 | 363 | 462 | 873 | 77.2% |
| Hungary | 155 | 572 | 519 | 541 | 51.7% |
| Germany | 152 | 351 | 480 | 490 | 47.7% |
| Bulgaria | 26.2 | 62.5 | 211 | 424 | 152.9% |
| Serbia | 151 | 207 | 294 | 296 | 25.2% |
| Others | 119 | 327 | 404 | 665 | 77.5% |
| Total | 1,229 | 3,090 | 4,065 | 5,738 | 67.1% |
Top Export Markets for Wire of Other Alloy Steel from Croatia in 2022:
- Bosnia and Herzegovina (725.8 tons)
- Romania (543.7 tons)
- Slovenia (445.4 tons)
- Hungary (278.2 tons)
- Germany (240.7 tons)
- Bulgaria (208.5 tons)
- Serbia (155.8 tons)
Imports of Wire of Other Alloy Steel in Croatia
After three years of growth, overseas purchases of wire of other alloy steels decreased by -25.6% to 2.6K tons in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of 3.5K tons, and then reduced dramatically in the following year.
In value terms, wire of other alloy steel imports soared to $4.8M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.6% 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 +80.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wire of Other Alloy Steel in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 296 | 244 | 489 | 1,261 | 62.1% |
| China | 202 | 469 | 695 | 1,056 | 73.6% |
| Slovenia | 471 | 604 | 470 | 439 | -2.3% |
| Turkey | 625 | 720 | 787 | 420 | -12.4% |
| Austria | 231 | 207 | 289 | 405 | 20.6% |
| Hungary | 339 | 202 | 460 | 401 | 5.8% |
| Germany | 192 | 157 | 236 | 344 | 21.5% |
| Others | 298 | 165 | 315 | 452 | 14.9% |
| Total | 2,654 | 2,768 | 3,741 | 4,778 | 21.7% |
Top Suppliers of Wire of Other Alloy Steel to Croatia in 2022:
- China (716.3 tons)
- Italy (571.6 tons)
- Turkey (296.3 tons)
- Hungary (293.5 tons)
- Slovenia (180.8 tons)
- Germany (176.0 tons)
- Austria (151.4 tons)
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