Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,527 per ton, shrinking by -1.7% against the previous month. Overall, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 3.3% month-to-month. Over the period under review, the average export prices hit record highs at $1,741 per ton in February 2023; however, from March 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was Turkey ($1,908 per ton), while the average price for exports to Serbia ($1,600 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,750 per ton, standing approximately at the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2023 when the average import price increased by 13% m-o-m. Over the period under review, average import prices reached the maximum at $1,952 per ton in June 2023; however, from July 2023 to January 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From January 2023 to January 2024, the rate of growth in terms of prices for the UK amounted to +1.0% per month.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia
In 2022, approx. 73K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were exported from Slovakia; falling by -4.2% against 2021 figures. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports attained the peak of 76K tons, and then contracted slightly in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded markedly to $126M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +60.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.8 | 7.0 | 14.9 | 20.7 | 52.8% |
| Italy | 17.9 | 14.9 | 18.3 | 17.4 | -0.9% |
| Poland | 11.1 | 7.9 | 14.5 | 16.4 | 13.9% |
| Romania | 6.8 | 6.4 | 11.8 | 12.7 | 23.1% |
| Czech Republic | 8.4 | 10.3 | 10.5 | 11.4 | 10.7% |
| Germany | 12.0 | 11.3 | 11.7 | 11.1 | -2.6% |
| Serbia | 5.0 | 4.1 | 7.3 | 9.5 | 23.9% |
| Hungary | 3.5 | 3.5 | 5.3 | 8.1 | 32.3% |
| Others | 13.9 | 13.0 | 17.0 | 18.5 | 10.0% |
| Total | 84.5 | 78.5 | 111 | 126 | 14.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Slovakia in 2022:
- Italy (12.3K tons)
- Turkey (11.1K tons)
- Poland (9.1K tons)
- Romania (8.0K tons)
- Germany (7.0K tons)
- Czech Republic (6.8K tons)
- Serbia (4.9K tons)
- Hungary (4.5K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia
In 2022, the amount of iron or non-alloy steel wire, plated or coated with non-zinc base metalses imported into Slovakia shrank modestly to 15K tons, which is down by -4.3% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, imports reached the peak of 16K tons, and then fell modestly in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $29M in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 8.4 | 8.0 | 11.5 | 13.8 | 18.0% |
| Luxembourg | 2.7 | 3.0 | 4.9 | 4.7 | 20.3% |
| Italy | 1.2 | 0.8 | 1.1 | 2.0 | 18.6% |
| Netherlands | 0.5 | 0.7 | 0.9 | 1.6 | 47.4% |
| Germany | 2.7 | 1.1 | 1.4 | 1.4 | -19.7% |
| Poland | 0.1 | 0.5 | 0.9 | 1.2 | 128.9% |
| Others | 1.9 | 1.0 | 3.8 | 3.9 | 27.1% |
| Total | 17.3 | 15.1 | 24.5 | 28.6 | 18.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Slovakia in 2022:
- Czech Republic (7.9K tons)
- Luxembourg (2.7K tons)
- Netherlands (1.1K tons)
- Italy (1.0K tons)
- Germany (0.9K tons)
- Poland (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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