Price for Wire of Other Alloy Steel in Sweden - 2023
Contents:
- Price for Wire of Other Alloy Steel in Sweden (FOB) - 2023
- Price for Wire of Other Alloy Steel in Sweden (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Sweden
- Imports of Wire of Other Alloy Steel in Sweden
Price for Wire of Other Alloy Steel in Sweden (FOB) - 2023
The average export price for wire of other alloy steels stood at $3,525 per ton in August 2023, which is down by -10.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 9.4% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,920 per ton in July 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,160 per ton), while the average price for exports to Norway ($3,072 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Sweden (CIF) - 2023
The average import price for wire of other alloy steels stood at $2,229 per ton in August 2023, with an increase of 9.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 38% against the previous month. As a result, import price reached the peak level of $3,217 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($28,650 per ton), while the price for Turkey ($1,083 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Sweden
In 2022, wire of other alloy steel exports from Sweden declined slightly to 29K tons, reducing by -4.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.1% 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 2021 when exports increased by 34%. As a result, the exports reached the peak of 30K tons, and then reduced modestly in the following year.
In value terms, wire of other alloy steel exports fell to $98M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. As a result, the exports attained the peak of $104M, and then declined in the following year.
| Export of Wire of Other Alloy Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.9 | 44.6 | 67.7 | 60.3 | 3.2% |
| Hungary | 4.2 | 4.7 | 9.7 | 10.8 | 37.0% |
| Poland | 3.5 | 2.5 | 4.6 | 5.2 | 14.1% |
| Finland | 3.2 | 1.0 | 3.9 | 4.8 | 14.5% |
| France | 3.3 | 3.0 | 3.7 | 2.9 | -4.2% |
| Italy | 1.6 | 1.0 | 1.6 | 1.6 | 0.0% |
| Czech Republic | 0.1 | 0.3 | 0.9 | 1.4 | 141.0% |
| Estonia | 0.7 | 0.3 | 1.6 | 1.1 | 16.3% |
| Others | 9.8 | 6.4 | 10.1 | 9.4 | -1.4% |
| Total | 81.4 | 63.8 | 104 | 97.5 | 6.2% |
Top Export Markets for Wire of Other Alloy Steel from Sweden in 2022:
- Germany (16.3K tons)
- Hungary (4.1K tons)
- Finland (2.2K tons)
- Poland (1.4K tons)
- France (0.8K tons)
- Czech Republic (0.6K tons)
- Estonia (0.6K tons)
- Italy (0.5K tons)
Imports of Wire of Other Alloy Steel in Sweden
In 2022, imports of wire of other alloy steels into Sweden fell significantly to 18K tons, dropping by -18.8% compared with the year before. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.4% 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 +30.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports reached the peak of 22K tons, and then reduced rapidly in the following year.
In value terms, wire of other alloy steel imports expanded rapidly to $35M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Wire of Other Alloy Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 6.5 | 3.8 | 7.9 | 9.0 | 11.5% |
| Italy | 5.5 | 3.6 | 7.2 | 7.0 | 8.4% |
| Malaysia | 2.6 | 1.7 | 3.3 | 4.1 | 16.4% |
| Austria | 0.3 | 0.1 | 0.2 | 3.4 | 124.6% |
| Luxembourg | 0.3 | 2.4 | 4.2 | 2.7 | 108.0% |
| Germany | 6.1 | 2.5 | 2.8 | 2.0 | -31.0% |
| Russia | N/A | 1.6 | 2.8 | 0.5 | -44.1% |
| Others | 3.1 | 3.0 | 4.1 | 6.5 | 28.0% |
| Total | 24.2 | 18.6 | 32.5 | 35.1 | 13.2% |
Top Suppliers of Wire of Other Alloy Steel to Sweden in 2022:
- Czech Republic (6.2K tons)
- Italy (3.8K tons)
- Malaysia (2.4K tons)
- Austria (1.4K tons)
- Luxembourg (1.3K tons)
- Germany (1.0K tons)
- Russia (0.4K tons)
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