Price for Wire of Other Alloy Steel in the United States - 2023
Contents:
- Price for Wire of Other Alloy Steel in the United States (CIF) - 2023
- Price for Wire of Other Alloy Steel in the United States (FOB) - 2023
- Imports of Wire of Other Alloy Steel in the United States
- Exports of Wire of Other Alloy Steel in the United States
Price for Wire of Other Alloy Steel in the United States (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $2,006 per ton, picking up by 1.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 8.6% month-to-month. As a result, import price attained the peak level of $2,113 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,035 per ton), while the price for Vietnam ($1,249 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in the United States (FOB) - 2023
In August 2023, the average export price for wire of other alloy steels amounted to $3,635 per ton, falling by -2.9% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 25% against the previous month. As a result, the export price reached the peak level of $4,067 per ton. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($31,448 per ton), while the average price for exports to Mexico ($3,161 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in the United States
Wire of other alloy steel imports into the United States reduced to 156K tons in 2022, falling by -10.1% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of 174K tons, and then contracted in the following year.
In value terms, wire of other alloy steel imports expanded significantly to $323M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Wire of Other Alloy Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.3 | 33.6 | 49.7 | 45.4 | 30.8% |
| Mexico | 15.2 | 19.2 | 29.4 | 44.5 | 43.1% |
| Japan | 55.1 | 35.1 | 48.2 | 42.9 | -8.0% |
| Vietnam | 17.2 | 14.5 | 32.3 | 40.3 | 32.8% |
| China | 45.3 | 26.6 | 41.4 | 34.9 | -8.3% |
| South Korea | 30.2 | 23.0 | 30.6 | 34.8 | 4.8% |
| Italy | 24.4 | 16.1 | 22.9 | 29.1 | 6.0% |
| Germany | 11.5 | 13.7 | 15.8 | 16.0 | 11.6% |
| Others | 20.4 | 14.4 | 22.8 | 35.6 | 20.4% |
| Total | 240 | 196 | 293 | 323 | 10.4% |
Top Suppliers of Wire of Other Alloy Steel to the United States in 2022:
- Vietnam (25.9K tons)
- Canada (23.1K tons)
- Mexico (22.5K tons)
- China (21.3K tons)
- Japan (15.9K tons)
- South Korea (13.7K tons)
- Italy (11.8K tons)
- Germany (7.8K tons)
Exports of Wire of Other Alloy Steel in the United States
In 2022, approx. 23K tons of wire of other alloy steels were exported from the United States; growing by 26% against 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports soared to $88M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Wire of Other Alloy Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 33.3 | 24.2 | 28.2 | 44.9 | 10.5% |
| Canada | 15.5 | 13.1 | 19.2 | 23.1 | 14.2% |
| China | 3.2 | 3.5 | 2.3 | 4.4 | 11.2% |
| Ireland | N/A | 1.7 | 9.1 | 3.0 | 32.8% |
| Brazil | 1.8 | 1.0 | 2.3 | 2.2 | 6.9% |
| Japan | 0.8 | 0.3 | 1.0 | 1.2 | 14.5% |
| Others | 10.6 | 8.3 | 5.6 | 8.7 | -6.4% |
| Total | 65.2 | 52.1 | 67.7 | 87.5 | 10.3% |
Top Export Markets for Wire of Other Alloy Steel from the United States in 2022:
- Mexico (12.9K tons)
- Canada (6.4K tons)
- China (0.7K tons)
- Brazil (0.4K tons)
- Ireland (0.4K tons)
- Japan (0.4K tons)
503
This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
371
This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
1978
This report provides an in-depth analysis of the global market for iron and steel wire.
601
This report provides an in-depth analysis of the global market for iron and steel wire.
865
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1530
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1066
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1257
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
694
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
957
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3568
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
778
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
295
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
262
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
