Price for Hot-Rolled Wire Rod in Coils in Luxembourg - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Luxembourg (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Luxembourg (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Luxembourg
- Exports of Hot-Rolled Wire Rod in Coils in Luxembourg
Price for Hot-Rolled Wire Rod in Coils in Luxembourg (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $631 per ton in November 2023, falling by -21.5% against the previous month. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 16% month-to-month. The import price peaked at $869 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($667 per ton), while the price for France ($625 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 Germany (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Luxembourg (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $853 per ton, jumping by 34% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 40%. The export price peaked at $1,011 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,664 per ton), while the average price for exports to France ($366 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 Belgium (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Luxembourg
Hot-rolled wire rod in coils imports into Luxembourg reduced sharply to 30K tons in 2022, with a decrease of -61.8% compared with the year before. Overall, imports continue to indicate a precipitous shrinkage. The smallest decline of -9% was in 2020.
In value terms, hot-rolled wire rod in coils imports dropped significantly to $28M in 2022. In general, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.6% against the previous year.
| Import of Hot-Rolled Wire Rod in Coils in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.5 | 38.0 | 40.5 | 17.6 | -21.6% |
| France | 23.7 | 12.6 | 15.8 | 8.4 | -29.2% |
| Poland | 4.4 | 7.2 | 3.7 | 1.2 | -35.2% |
| Others | 1.9 | 0.4 | 0.8 | 0.8 | -25.0% |
| Total | 66.6 | 58.2 | 60.9 | 28.0 | -25.1% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Luxembourg in 2022:
- Germany (19.3K tons)
- France (8.8K tons)
- Poland (1.3K tons)
Exports of Hot-Rolled Wire Rod in Coils in Luxembourg
In 2022, the amount of hot-rolled wire rods in coils exported from Luxembourg contracted sharply to 219 tons, waning by -73.9% compared with 2021 figures. Over the period under review, exports, however, recorded a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 598%. As a result, the exports attained the peak of 838 tons, and then contracted rapidly in the following year.
In value terms, hot-rolled wire rod in coils exports reduced dramatically to $187K in 2022. In general, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2021 when exports increased by 339%. As a result, the exports reached the peak of $533K, and then reduced rapidly in the following year.
| Export of Hot-Rolled Wire Rod in Coils in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 67.9 | 73.5 | 151 | 137 | 26.4% |
| France | 14.6 | 12.3 | 354 | 50.0 | 50.7% |
| Germany | 6.1 | 8.0 | 27.5 | N/A | 112.3% |
| Poland | 64.2 | 27.5 | N/A | N/A | -57.2% |
| Others | 26.3 | N/A | N/A | N/A | 0% |
| Total | 179 | 121 | 533 | 187 | 1.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Luxembourg in 2022:
- France (136.7 tons)
- Belgium (82.2 tons)
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