Stainless Steel Wire Price in Ireland - 2023
Contents:
- Stainless Steel Wire Price in Ireland (CIF) - 2022
- Stainless Steel Wire Price in Ireland (FOB) - 2022
- Stainless Steel Wire Imports in Ireland
- Stainless Steel Wire Exports in Ireland
Stainless Steel Wire Price in Ireland (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $19,382 per ton, rising by 16% against the previous year. In general, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $34,149 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($100,973 per ton), while the price for India ($3,789 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Ireland (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $154,850 per ton, with an increase of 26% against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 914% against the previous year. As a result, the export price reached the peak level of $196,074 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,328,760 per ton), while the average price for exports to the UK ($5,567 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 Mexico (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Ireland
In 2022, the amount of stainless steel wire imported into Ireland contracted rapidly to 1.7K tons, waning by -18.4% on the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +29.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of 2.1K tons, and then declined dramatically in the following year.
In value terms, stainless steel wire imports shrank to $33M in 2022. The total import value increased at an average annual rate of +12.6% over the period 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 2020 when imports increased by 34%.
| Import of Stainless Steel Wire in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.4 | 11.9 | 15.0 | 19.9 | 17.1% |
| Sweden | 0.3 | 0.5 | 1.7 | 3.1 | 117.8% |
| India | 1.1 | 1.1 | 2.5 | 2.6 | 33.2% |
| United Kingdom | 1.6 | 1.8 | 1.9 | 1.9 | 5.9% |
| Germany | 1.2 | 0.9 | 1.0 | 1.5 | 7.7% |
| China | 0.2 | 0.5 | 0.7 | 1.0 | 71.0% |
| Thailand | 0.8 | 0.9 | 0.8 | 0.7 | -4.4% |
| Czech Republic | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Others | 5.4 | 13.3 | 10.8 | 2.0 | -28.2% |
| Total | 23.1 | 31.0 | 34.8 | 32.9 | 12.5% |
Top Suppliers of Stainless Steel Wire to Ireland in 2022:
- India (695.3 tons)
- United States (349.3 tons)
- Sweden (264.7 tons)
- United Kingdom (194.5 tons)
- China (152.5 tons)
- Germany (109.0 tons)
- Thailand (32.6 tons)
- Czech Republic (21.7 tons)
Stainless Steel Wire Exports in Ireland
Stainless steel wire exports from Ireland fell to 175 tons in 2022, shrinking by -10.9% compared with the previous year's figure. In general, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 28%.
In value terms, stainless steel wire exports rose sharply to $27M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16%. As a result, the exports attained the peak of $30M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Stainless Steel Wire in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 6.4 | 7.9 | 6.6 | -0.5% |
| China | 1.0 | 2.1 | 3.3 | 3.8 | 56.0% |
| Germany | 2.5 | 2.5 | 2.4 | 3.3 | 9.7% |
| Netherlands | 1.1 | 1.6 | 0.9 | 1.5 | 10.9% |
| Poland | 0.9 | 1.0 | 0.7 | 1.1 | 6.9% |
| Czech Republic | 0.5 | 0.6 | 0.6 | 0.8 | 17.0% |
| United Kingdom | 1.1 | 0.7 | 0.1 | 0.3 | -35.2% |
| Others | 12.3 | 15.2 | 8.0 | 9.7 | -7.6% |
| Total | 26.0 | 30.1 | 24.1 | 27.1 | 1.4% |
Top Export Markets for Stainless Steel Wire from Ireland in 2022:
- Netherlands (73.4 tons)
- United States (64.5 tons)
- United Kingdom (57.1 tons)
- Germany (27.7 tons)
- Czech Republic (20.2 tons)
- Poland (18.4 tons)
- China (14.1 tons)
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