Price for Steel Alloy Wire of Silico-Manganese Steel in India - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in India (CIF) - 2023
- Price for Steel Alloy Wire of Silico-Manganese Steel in India (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in India
- Exports of Steel Alloy Wire of Silico-Manganese Steel in India
Price for Steel Alloy Wire of Silico-Manganese Steel in India (CIF) - 2023
In November 2023, the average import price for steel alloy wire of silico-manganese steels amounted to $1,237 per ton, reducing by -2.6% against the previous month. In general, the import price showed a mild slump. The pace of growth was the most pronounced in January 2023 when the average import price increased by 25% month-to-month. As a result, import price reached the peak level of $1,685 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($1,906 per ton), while the price for Vietnam ($812 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in India (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $1,318 per ton, with an increase of 6.5% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 65%. As a result, the export price reached the peak level of $1,444 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($1,494 per ton), while the average price for exports to Nepal ($796 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 Canada (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in India
Imports of steel alloy wire of silico-manganese steels into India skyrocketed to 2.5K tons in 2022, surging by 88% against 2021 figures. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $4M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 403 | 315 | 398 | 1,971 | 69.7% |
| Malaysia | 164 | 649 | 874 | 1,282 | 98.5% |
| Czech Republic | 62.1 | 179 | 180 | 242 | 57.4% |
| South Korea | 83.1 | 341 | 118 | 173 | 27.7% |
| Thailand | 161 | 28.0 | 110 | 55.1 | -30.1% |
| Vietnam | N/A | 42.7 | 45.7 | N/A | 7.0% |
| Others | 224 | 185 | 38.2 | 300 | 10.2% |
| Total | 1,097 | 1,740 | 1,764 | 4,024 | 54.2% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to India in 2022:
- China (1258.1 tons)
- Malaysia (833.9 tons)
- Czech Republic (128.4 tons)
- South Korea (119.0 tons)
- Thailand (31.4 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in India
In 2022, the amount of steel alloy wire of silico-manganese steels exported from India fell notably to 1.1K tons, which is down by -66% on the previous year's figure. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year.
In value terms, exports of steel alloy wire of silico-manganese steels dropped sharply to $1.5M in 2022. Over the period under review, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 99%.
| Export of Steel Alloy Wire of Silico-Manganese Steel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,602 | 572 | 1,421 | 441 | -44.7% |
| Brazil | 130 | 9.9 | 450 | 299 | 32.0% |
| Poland | 109 | 12.0 | 289 | 192 | 20.8% |
| Canada | N/A | 19.7 | 259 | 175 | 198.0% |
| United Arab Emirates | 183 | 112 | 161 | 81.6 | -23.6% |
| United States | 389 | 1,174 | 858 | 58.4 | -46.9% |
| Spain | 19.9 | N/A | 29.5 | 45.2 | 31.5% |
| New Zealand | N/A | N/A | N/A | 40.1 | 0% |
| Oman | 35.4 | 7.3 | 36.7 | 32.6 | -2.7% |
| Nepal | 0.6 | N/A | 5.5 | 16.8 | 203.7% |
| United Kingdom | 721 | N/A | N/A | N/A | 0% |
| Others | 161 | 138 | 558 | 89.6 | -17.7% |
| Total | 4,350 | 2,045 | 4,068 | 1,471 | -30.3% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from India in 2022:
- Mexico (295.4 tons)
- Brazil (253.8 tons)
- Poland (152.9 tons)
- Canada (128.4 tons)
- United Arab Emirates (59.9 tons)
- United States (43.2 tons)
- Spain (38.3 tons)
- New Zealand (28.4 tons)
- Oman (23.4 tons)
- Nepal (21.1 tons)
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