Price for Wire of Other Alloy Steel in Spain - 2023
Contents:
- Price for Wire of Other Alloy Steel in Spain (CIF) - 2023
- Price for Wire of Other Alloy Steel in Spain (FOB) - 2023
- Imports of Wire of Other Alloy Steel in Spain
- Exports of Wire of Other Alloy Steel in Spain
Price for Wire of Other Alloy Steel in Spain (CIF) - 2023
The average import price for wire of other alloy steels stood at $1,738 per ton in August 2023, almost unchanged from the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 17% against the previous month. As a result, import price reached the peak level of $1,978 per ton. From January 2023 to August 2023, the average import prices remained 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 the Czech Republic ($2,773 per ton), while the price for Turkey ($1,013 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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Spain (FOB) - 2023
In August 2023, the average export price for wire of other alloy steels amounted to $879 per ton, with an increase of 34% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 46% month-to-month. As a result, the export price reached the peak level of $1,149 per ton. From March 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Portugal ($2,065 per ton), while the average price for exports to Poland ($571 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 Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Spain
In 2022, the amount of wire of other alloy steels imported into Spain expanded remarkably to 52K tons, growing by 7.9% compared with 2021 figures. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, wire of other alloy steel imports surged to $87M in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Wire of Other Alloy Steel in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.7 | 13.3 | 19.0 | 28.3 | 61.6% |
| Italy | 8.6 | 8.1 | 14.3 | 17.5 | 26.7% |
| Luxembourg | 5.6 | 4.6 | 5.7 | 8.0 | 12.6% |
| China | 5.3 | 3.2 | 5.4 | 6.5 | 7.0% |
| Germany | 6.0 | 6.3 | 8.3 | 4.6 | -8.5% |
| South Korea | 2.4 | 2.1 | 3.0 | 4.0 | 18.6% |
| France | 1.1 | 1.2 | 3.0 | 3.2 | 42.8% |
| Czech Republic | 2.8 | 2.1 | 2.6 | 2.9 | 1.2% |
| Belgium | 0.8 | 1.8 | 2.6 | 2.5 | 46.2% |
| Russia | N/A | N/A | 1.7 | 1.0 | -41.2% |
| Others | 5.9 | 4.5 | 6.5 | 8.3 | 12.0% |
| Total | 45.1 | 47.3 | 72.1 | 86.8 | 24.4% |
Top Suppliers of Wire of Other Alloy Steel to Spain in 2022:
- Turkey (22.5K tons)
- Italy (9.1K tons)
- Luxembourg (4.7K tons)
- China (4.6K tons)
- South Korea (1.6K tons)
- Czech Republic (1.5K tons)
- Germany (1.5K tons)
- France (1.4K tons)
- Russia (0.9K tons)
- Belgium (0.8K tons)
Exports of Wire of Other Alloy Steel in Spain
In 2022, the amount of wire of other alloy steels exported from Spain soared to 2K tons, picking up by 119% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep reduction.
In value terms, wire of other alloy steel exports surged to $2.3M in 2022. In general, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year.
| Export of Wire of Other Alloy Steel in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 790 | 361 | 1,084 | 1,055 | 10.1% |
| France | 5,404 | 126 | 207 | 316 | -61.2% |
| Poland | 304 | 2.3 | 16.9 | 254 | -5.8% |
| Italy | 351 | 1.0 | 39.7 | 124 | -29.3% |
| China | N/A | N/A | N/A | 88.4 | 0% |
| South Africa | 54.1 | 55.0 | 41.5 | 69.4 | 8.7% |
| Germany | 1,891 | 0.6 | 21.1 | 45.8 | -71.1% |
| Czech Republic | 394 | N/A | N/A | 35.7 | -55.1% |
| Hungary | 515 | N/A | N/A | 27.1 | -62.5% |
| Turkey | 124 | N/A | N/A | 2.5 | -72.8% |
| Algeria | 503 | N/A | N/A | N/A | 0% |
| Sweden | 1,596 | N/A | N/A | N/A | 0% |
| Morocco | 94.6 | N/A | N/A | N/A | 0% |
| Others | 2,003 | 73.8 | 92.1 | 279 | -48.2% |
| Total | 14,024 | 620 | 1,502 | 2,296 | -45.3% |
Top Export Markets for Wire of Other Alloy Steel from Spain in 2022:
- Portugal (1271.9 tons)
- China (181.6 tons)
- France (165.4 tons)
- Italy (96.4 tons)
- South Africa (88.4 tons)
- Poland (62.7 tons)
- Hungary (44.2 tons)
- Czech Republic (32.0 tons)
- Germany (13.0 tons)
- Turkey (0.9 tons)
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