Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,238 per ton in January 2024, stabilizing at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.8% against the previous month. The import price peaked at $1,313 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,643 per ton), while the price for Ukraine ($988 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (FOB) - 2024
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,251 per ton in January 2024, dropping by -6.2% against the previous month. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 18% against the previous month. As a result, the export price attained the peak level of $1,637 per ton. From May 2023 to January 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,273 per ton), while the average price for exports to Norway ($1,299 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 Switzerland (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany
For the third consecutive year, Germany recorded decline in supplies from abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -13.2% to 282K tons in 2022. In general, imports showed a drastic downturn. The smallest decline of -2% was in 2021.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds totaled $385M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +58.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 34.6 | 36.5 | 67.1 | 86.2 | 35.6% |
| Czech Republic | 49.0 | 41.6 | 59.0 | 70.8 | 13.1% |
| Netherlands | 25.1 | 29.4 | 44.4 | 49.5 | 25.4% |
| Austria | 21.4 | 16.6 | 25.9 | 30.9 | 13.0% |
| Spain | 17.0 | 12.8 | 27.1 | 27.5 | 17.4% |
| Ukraine | 13.5 | 9.1 | 11.6 | 24.0 | 21.1% |
| Poland | 15.0 | 14.4 | 16.2 | 21.2 | 12.2% |
| Belarus | 35.5 | 25.2 | 29.6 | 5.2 | -47.3% |
| Russia | 20.1 | 9.9 | 8.9 | 0.9 | -64.5% |
| Others | 63.1 | 46.9 | 56.9 | 68.6 | 2.8% |
| Total | 294 | 242 | 347 | 385 | 9.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Germany in 2022:
- Italy (68.5K tons)
- Czech Republic (57.3K tons)
- Netherlands (36.1K tons)
- Ukraine (18.9K tons)
- Spain (18.8K tons)
- Austria (17.4K tons)
- Poland (13.6K tons)
- Belarus (5.9K tons)
- Russia (0.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Germany dropped markedly to 219K tons, waning by -18.2% against 2021 figures. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 7.5%. As a result, the exports reached the peak of 268K tons, and then reduced sharply in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds rose modestly to $355M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 36.8 | 40.5 | 64.6 | 56.8 | 15.6% |
| Austria | 28.0 | 27.2 | 41.1 | 41.2 | 13.7% |
| France | 31.7 | 23.0 | 33.0 | 32.7 | 1.0% |
| Netherlands | 28.8 | 25.2 | 32.1 | 29.4 | 0.7% |
| Switzerland | 22.9 | 18.2 | 23.7 | 26.7 | 5.3% |
| United States | 14.0 | 11.2 | 20.0 | 23.4 | 18.7% |
| Czech Republic | 15.4 | 10.3 | 18.7 | 21.2 | 11.2% |
| Italy | 10.6 | 8.1 | 12.2 | 12.5 | 5.6% |
| United Kingdom | 6.8 | 5.0 | 9.5 | 12.3 | 21.8% |
| Belgium | 9.2 | 8.5 | 10.4 | 10.1 | 3.2% |
| Hungary | 7.6 | 6.9 | 8.4 | 9.7 | 8.5% |
| Denmark | 6.3 | 5.5 | 9.1 | 9.0 | 12.6% |
| Sweden | 5.4 | 5.6 | 7.9 | 8.2 | 14.9% |
| Others | 48.5 | 42.3 | 56.7 | 62.2 | 8.6% |
| Total | 272 | 237 | 347 | 355 | 9.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Germany in 2022:
- Poland (41.0K tons)
- Austria (33.0K tons)
- France (23.7K tons)
- Netherlands (19.0K tons)
- Switzerland (13.3K tons)
- Czech Republic (12.8K tons)
- United States (9.3K tons)
- Italy (7.3K tons)
- United Kingdom (6.8K tons)
- Belgium (6.6K tons)
- Denmark (6.4K tons)
- Hungary (5.7K tons)
- Sweden (5.2K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Germany.
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This report provides an in-depth analysis of the market for iron and steel wire in Germany.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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