Price for Wire of Other Alloy Steel in Ireland - 2023
Contents:
- Price for Wire of Other Alloy Steel in Ireland (CIF) - 2023
- Price for Wire of Other Alloy Steel in Ireland (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Ireland
- Exports of Wire of Other Alloy Steel in Ireland
Price for Wire of Other Alloy Steel in Ireland (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $1,517 per ton, which is down by -4.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 20% m-o-m. As a result, import price reached the peak level of $1,799 per ton. From December 2022 to August 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Germany ($1,768 per ton) and Vietnam ($1,705 per ton), while the price for China ($1,227 per ton) and the Czech Republic ($1,411 per ton) were amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Ireland (FOB) - 2022
The average export price for wire of other alloy steels stood at $11,962 per ton in 2022, which is down by -83.8% against the previous year. In general, the export price, however, enjoyed temperate growth. The growth pace was the most rapid in 2020 an increase of 258%. The export price peaked at $73,749 per ton in 2021, and then declined dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($295,042 per ton), while the average price for exports to the UK ($3,932 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 Denmark (+91.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Ireland
In 2022, the amount of wire of other alloy steels imported into Ireland skyrocketed to 4.5K tons, increasing by 26% against 2021. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +86.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, wire of other alloy steel imports skyrocketed to $7.5M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +71.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wire of Other Alloy Steel in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 377 | 770 | 2,388 | 3,274 | 105.5% |
| China | 1,114 | 653 | 621 | 1,269 | 4.4% |
| Turkey | 226 | 254 | 914 | 835 | 54.6% |
| United Kingdom | 2,054 | 1,912 | 777 | 796 | -27.1% |
| Czech Republic | 235 | 287 | 414 | 560 | 33.6% |
| Vietnam | 463 | 398 | 511 | 479 | 1.1% |
| Others | 382 | 126 | 159 | 335 | -4.3% |
| Total | 4,851 | 4,398 | 5,785 | 7,549 | 15.9% |
Top Suppliers of Wire of Other Alloy Steel to Ireland in 2022:
- Germany (2129.0 tons)
- China (729.7 tons)
- Turkey (540.6 tons)
- Czech Republic (387.2 tons)
- United Kingdom (358.2 tons)
- Vietnam (246.4 tons)
Exports of Wire of Other Alloy Steel in Ireland
In 2022, wire of other alloy steel exports from Ireland surged to 11 tons, increasing by 16% compared with the previous year. Overall, exports, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year.
In value terms, wire of other alloy steel exports dropped notably to $133K in 2022. Over the period under review, exports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. As a result, the exports attained the peak of $704K, and then shrank dramatically in the following year.
| Export of Wire of Other Alloy Steel in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 86.2 | 89.7 | 80.2 | 86.7 | 0.2% |
| United Kingdom | N/A | N/A | 24.5 | 37.5 | 53.1% |
| United States | 21.4 | 1.2 | N/A | 7.1 | -30.8% |
| Hong Kong SAR | N/A | N/A | 11.5 | 0.2 | -98.3% |
| Switzerland | 206 | 82.9 | 65.4 | 0.1 | -92.1% |
| Germany | 4.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 162 | 522 | 1.2 | -91.4% |
| Total | 318 | 336 | 704 | 133 | -25.2% |
Top Export Markets for Wire of Other Alloy Steel from Ireland in 2022:
- United Kingdom (9.5 tons)
- Israel (1.5 tons)
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