Price for Wire of Other Alloy Steel in China - 2023
Contents:
- Price for Wire of Other Alloy Steel in China (FOB) - 2023
- Price for Wire of Other Alloy Steel in China (CIF) - 2023
- Exports of Wire of Other Alloy Steel in China
- Imports of Wire of Other Alloy Steel in China
Price for Wire of Other Alloy Steel in China (FOB) - 2023
The average export price for wire of other alloy steels stood at $1,031 per ton in June 2023, shrinking by -2.5% against the previous month. In general, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 3.2% m-o-m. The export price peaked at $1,192 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,487 per ton), while the average price for exports to Malaysia ($841 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in China (CIF) - 2023
The average import price for wire of other alloy steels stood at $3,144 per ton in June 2023, shrinking by -11.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 18% month-to-month. As a result, import price attained the peak level of $3,543 per ton, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,103 per ton), while the price for Malaysia ($1,564 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wire of Other Alloy Steel in China
In 2022, approx. 357K tons of wire of other alloy steels were exported from China; which is down by -13.2% compared with the previous year. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports reached the peak of 411K tons, and then shrank in the following year.
In value terms, wire of other alloy steel exports fell to $486M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.5% 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 +40.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports attained the peak of $543M, and then declined in the following year.
| Export of Wire of Other Alloy Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 22.6 | 23.2 | 70.7 | 51.6 | 31.7% |
| Russia | 38.3 | 31.1 | 40.8 | 46.2 | 6.5% |
| Poland | 32.6 | 28.1 | 40.7 | 33.5 | 0.9% |
| United States | 43.1 | 31.3 | 39.4 | 29.1 | -12.3% |
| Indonesia | 17.7 | 10.9 | 19.2 | 24.0 | 10.7% |
| Thailand | 15.8 | 16.3 | 27.9 | 20.6 | 9.2% |
| South Africa | 13.1 | 10.5 | 22.0 | 20.1 | 15.3% |
| Malaysia | 14.6 | 16.3 | 21.3 | 19.0 | 9.2% |
| South Korea | 13.6 | 13.9 | 17.0 | 17.1 | 7.9% |
| Germany | 13.3 | 8.4 | 11.4 | 14.0 | 1.7% |
| United Kingdom | 11.3 | 9.9 | 15.7 | 12.0 | 2.0% |
| Turkey | 4.0 | 3.7 | 5.2 | 10.5 | 37.9% |
| Spain | 7.0 | 5.6 | 9.3 | 9.4 | 10.3% |
| Others | 156 | 136 | 202 | 179 | 4.7% |
| Total | 402 | 345 | 543 | 486 | 6.5% |
Top Export Markets for Wire of Other Alloy Steel from China in 2022:
- Russia (39.7K tons)
- Brazil (38.4K tons)
- Poland (31.3K tons)
- Indonesia (20.1K tons)
- United States (17.4K tons)
- Malaysia (16.6K tons)
- Thailand (16.3K tons)
- South Korea (13.2K tons)
- South Africa (12.6K tons)
- United Kingdom (10.0K tons)
- Spain (8.7K tons)
- Turkey (7.5K tons)
- Germany (7.3K tons)
Imports of Wire of Other Alloy Steel in China
For the third consecutive year, China recorded decline in overseas purchases of wire of other alloy steels, which decreased by -24.3% to 51K tons in 2022. In general, imports faced a deep reduction. The smallest decline of -4.4% was in 2021.
In value terms, wire of other alloy steel imports fell to $146M in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 7.9%.
| Import of Wire of Other Alloy Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 53.9 | 45.8 | 62.3 | 55.7 | 1.1% |
| South Korea | 59.3 | 50.4 | 39.6 | 27.5 | -22.6% |
| Germany | 13.1 | 15.8 | 16.1 | 14.7 | 3.9% |
| Taiwan (Chinese) | 12.9 | 12.7 | 15.3 | 14.1 | 3.0% |
| Malaysia | 9.8 | 8.8 | 8.1 | 10.7 | 3.0% |
| Austria | 4.6 | 6.0 | 7.1 | 5.8 | 8.0% |
| Indonesia | 2.0 | 3.1 | 4.8 | 4.2 | 28.1% |
| Others | 14.0 | 13.6 | 15.3 | 13.1 | -2.2% |
| Total | 170 | 156 | 169 | 146 | -4.9% |
Top Suppliers of Wire of Other Alloy Steel to China in 2022:
- Japan (18.1K tons)
- South Korea (12.8K tons)
- Malaysia (6.6K tons)
- Taiwan (Chinese) (4.3K tons)
- Austria (2.4K tons)
- Germany (2.2K tons)
- Indonesia (1.4K tons)
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