Stainless Steel Wire Price in Indonesia - 2022
Contents:
- Stainless Steel Wire Price in Indonesia (CIF) - 2022
- Stainless Steel Wire Price in Indonesia (FOB) - 2022
- Stainless Steel Wire Imports in Indonesia
- Stainless Steel Wire Exports in Indonesia
Stainless Steel Wire Price in Indonesia (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $4,241 per ton, surging by 65% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,414 per ton), while the price for China ($2,759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Indonesia (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $3,764 per ton, increasing by 20% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel wire export price increased by +43.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 60% against the previous year. As a result, the export price reached the peak level of $4,722 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($5,296 per ton), while the average price for exports to the United Arab Emirates ($1,826 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 Turkey (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Indonesia
In 2022, the amount of stainless steel wire imported into Indonesia contracted notably to 17K tons, with a decrease of -44.5% compared with 2021. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of 30K tons, and then dropped markedly in the following year.
In value terms, stainless steel wire imports shrank to $71M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.7% 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 +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $77M, and then dropped in the following year.
| Import of Stainless Steel Wire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 6.9 | 27.0 | 19.8 | 18.2% |
| Taiwan (Chinese) | 12.5 | 14.0 | 16.0 | 18.2 | 13.3% |
| Japan | 11.7 | 8.3 | 9.9 | 9.7 | -6.1% |
| Thailand | 5.9 | 4.8 | 7.6 | 7.8 | 9.8% |
| India | 4.2 | 3.8 | 6.1 | 5.8 | 11.4% |
| Singapore | 2.2 | 3.5 | 4.1 | 3.2 | 13.3% |
| South Korea | 1.7 | 1.8 | 2.0 | 2.9 | 19.5% |
| Seychelles | 2.3 | 2.4 | N/A | N/A | 4.3% |
| Others | 10.7 | 3.5 | 4.1 | 3.2 | -33.1% |
| Total | 63.3 | 49.1 | 76.8 | 70.5 | 3.7% |
Top Suppliers of Stainless Steel Wire to Indonesia in 2022:
- China (7.2K tons)
- Taiwan (Chinese) (4.1K tons)
- Thailand (1.6K tons)
- India (1.1K tons)
- Japan (0.9K tons)
- Singapore (0.8K tons)
- South Korea (0.4K tons)
Stainless Steel Wire Exports in Indonesia
In 2022, approx. 7.1K tons of stainless steel wire were exported from Indonesia; shrinking by -12.7% against 2021. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports reached the peak of 8.1K tons, and then contracted in the following year.
In value terms, stainless steel wire exports rose modestly to $27M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +77.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Stainless Steel Wire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.0 | 4.0 | 7.5 | 6.4 | -2.9% |
| Sweden | 1.7 | 2.4 | 2.3 | 3.5 | 27.2% |
| Germany | 2.3 | 2.2 | 3.6 | 3.4 | 13.9% |
| Singapore | 0.2 | 0.4 | 0.4 | 2.0 | 115.4% |
| Poland | 1.5 | 1.4 | 4.0 | 2.0 | 10.1% |
| Spain | 1.6 | 0.9 | 1.9 | 2.0 | 7.7% |
| South Korea | 0.1 | N/A | 0.2 | 1.1 | 122.4% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Saudi Arabia | 0.2 | 0.7 | 0.8 | 0.7 | 51.8% |
| Netherlands | 0.4 | 0.5 | 0.4 | 0.7 | 20.5% |
| Turkey | N/A | 0.3 | 0.1 | 0.6 | 41.4% |
| France | 0.3 | 0.2 | 0.8 | 0.5 | 18.6% |
| United Arab Emirates | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Others | 3.3 | 1.9 | 3.2 | 2.8 | -5.3% |
| Total | 18.7 | 15.1 | 25.6 | 26.8 | 12.7% |
Top Export Markets for Stainless Steel Wire from Indonesia in 2022:
- Italy (1758.4 tons)
- Sweden (840.4 tons)
- Germany (798.8 tons)
- Singapore (519.4 tons)
- Spain (514.8 tons)
- Poland (482.7 tons)
- Saudi Arabia (272.3 tons)
- United Kingdom (249.1 tons)
- South Korea (199.1 tons)
- Netherlands (172.4 tons)
- United Arab Emirates (150.0 tons)
- France (147.8 tons)
- Turkey (147.0 tons)
631
This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
356
This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
2032
This report provides an in-depth analysis of the global market for iron and steel wire.
632
This report provides an in-depth analysis of the global market for iron and steel wire.
886
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 +...
1558
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...
1090
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...
1282
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...
714
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...
982
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...
3599
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...
801
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...
332
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.
304
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.
