Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,756 per ton in January 2024, rising by 4.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 9.8% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,919 per ton in January 2023; however, from February 2023 to January 2024, 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 ($3,822 per ton), while the average price for exports to the UK ($1,486 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 Norway (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,423 per ton in January 2024, waning by -17.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 30% against the previous month. As a result, import price attained the peak level of $1,733 per ton, and then dropped dramatically in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($1,219 per ton), while the price for Ukraine stood at $1,045 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -3.6% to 128K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs expanded sharply to $239M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +70.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.8 | 27.0 | 39.8 | 47.9 | 13.5% |
| France | 9.9 | 10.3 | 15.4 | 26.5 | 38.8% |
| Sweden | 14.8 | 11.3 | 18.2 | 26.4 | 21.3% |
| United Kingdom | 5.0 | 12.9 | 18.5 | 19.0 | 56.0% |
| Poland | 8.1 | 12.3 | 13.0 | 13.6 | 18.9% |
| Switzerland | 8.7 | 7.6 | 10.7 | 12.8 | 13.7% |
| Czech Republic | 6.8 | 7.9 | 11.5 | 12.4 | 22.2% |
| Netherlands | 4.6 | 5.4 | 10.7 | 11.0 | 33.7% |
| Hungary | 4.5 | 6.2 | 7.3 | 7.5 | 18.6% |
| Belgium | 2.8 | 3.8 | 5.4 | 7.3 | 37.6% |
| Norway | 5.5 | 8.6 | 14.3 | 6.9 | 7.9% |
| Austria | 3.0 | 4.0 | 4.8 | 5.7 | 23.9% |
| Finland | 6.0 | 4.7 | 7.2 | 5.5 | -2.9% |
| Others | 27.5 | 24.8 | 34.0 | 37.0 | 10.4% |
| Total | 140 | 147 | 211 | 239 | 19.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Slovakia in 2022:
- Germany (25.9K tons)
- Sweden (18.1K tons)
- France (13.7K tons)
- United Kingdom (11.0K tons)
- Poland (7.3K tons)
- Netherlands (6.4K tons)
- Czech Republic (6.0K tons)
- Switzerland (5.0K tons)
- Belgium (4.6K tons)
- Hungary (4.6K tons)
- Finland (3.6K tons)
- Norway (3.5K tons)
- Austria (3.2K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by -18.6% to 20K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 270% against the previous year. As a result, imports attained the peak of 53K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $29M in 2022. The total import value increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.9 | 4.9 | 7.4 | 9.1 | 32.6% |
| Romania | 2.5 | 3.6 | 6.1 | 5.5 | 30.1% |
| Czech Republic | 8.3 | 9.2 | 1.9 | 4.4 | -19.1% |
| Ukraine | 0.5 | 2.6 | 3.3 | 3.0 | 81.7% |
| Germany | 1.6 | 1.1 | 1.2 | 1.7 | 2.0% |
| China | 0.2 | 0.1 | 0.1 | 1.2 | 81.7% |
| Luxembourg | 0.3 | 0.2 | 0.3 | 0.9 | 44.2% |
| Spain | 0.3 | 0.6 | 0.2 | 0.6 | 26.0% |
| Poland | 0.2 | 0.2 | 0.7 | 0.4 | 26.0% |
| Russia | 0.7 | 0.2 | 0.6 | N/A | -7.4% |
| Others | 1.4 | 1.1 | 1.9 | 1.7 | 6.7% |
| Total | 19.9 | 23.9 | 23.5 | 28.6 | 12.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Slovakia in 2022:
- Italy (6.2K tons)
- Romania (4.5K tons)
- Ukraine (2.5K tons)
- Czech Republic (2.4K tons)
- China (0.9K tons)
- Germany (0.8K tons)
- Luxembourg (0.7K tons)
- Poland (0.4K tons)
- Spain (0.4K tons)
494
This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the market for iron and steel wire in Slovakia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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