Stainless Steel Wire Price in Estonia - 2023
Contents:
- Stainless Steel Wire Price in Estonia (CIF) - 2022
- Stainless Steel Wire Price in Estonia (FOB) - 2022
- Stainless Steel Wire Imports in Estonia
- Stainless Steel Wire Exports in Estonia
Stainless Steel Wire Price in Estonia (CIF) - 2022
The average stainless steel wire import price stood at $5,552 per ton in 2022, with an increase of 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($13,397 per ton), while the price for China ($3,876 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Estonia (FOB) - 2022
The average stainless steel wire export price stood at $5,493 per ton in 2022, with an increase of 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($10,171 per ton), while the average price for exports to Finland ($4,734 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 Russia (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Estonia
After three years of growth, overseas purchases of stainless steel wire decreased by -4% to 357 tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of 371 tons, and then fell modestly in the following year.
In value terms, stainless steel wire imports skyrocketed to $2M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel Wire in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 204 | 283 | 287 | 495 | 34.4% |
| India | 159 | 125 | 486 | 472 | 43.7% |
| China | 40.6 | 132 | 137 | 339 | 102.9% |
| Finland | 21.9 | 208 | 277 | 284 | 134.9% |
| Denmark | 132 | 169 | 126 | 89.9 | -12.0% |
| Switzerland | 123 | 53.5 | 99.0 | 79.9 | -13.4% |
| Poland | 43.2 | 65.2 | 110 | 74.4 | 19.9% |
| Others | 430 | 231 | 119 | 145 | -30.4% |
| Total | 1,153 | 1,265 | 1,641 | 1,980 | 19.8% |
Top Suppliers of Stainless Steel Wire to Estonia in 2022:
- India (105.1 tons)
- Germany (91.8 tons)
- China (87.6 tons)
- Finland (21.2 tons)
- Denmark (19.9 tons)
- Poland (7.5 tons)
- Switzerland (7.4 tons)
Stainless Steel Wire Exports in Estonia
In 2022, approx. 55 tons of stainless steel wire were exported from Estonia; surging by 14% on the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 63% against the previous year. As a result, the exports attained the peak of 73 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, stainless steel wire exports soared to $299K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.6% against 2020 indices.
| Export of Stainless Steel Wire in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 157 | 241 | 131 | 207 | 9.7% |
| Russia | 41.4 | 10.9 | 18.4 | 49.2 | 5.9% |
| Latvia | 13.0 | 27.9 | 40.7 | 36.0 | 40.4% |
| Lithuania | 20.3 | 16.0 | 8.8 | 4.7 | -38.6% |
| Ukraine | 5.0 | 4.3 | 5.2 | 1.7 | -30.2% |
| Others | 0.3 | 1.0 | 1.9 | 0.5 | 18.6% |
| Total | 237 | 301 | 206 | 299 | 8.1% |
Top Export Markets for Stainless Steel Wire from Estonia in 2022:
- Finland (43.8 tons)
- Latvia (5.0 tons)
- Russia (4.8 tons)
- Lithuania (0.6 tons)
- Ukraine (0.3 tons)
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