Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,858 per ton in December 2023, rising by 7.5% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in March 2023 an increase of 16% month-to-month. As a result, import price attained the peak level of $1,996 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,005 per ton), while the price for Turkey ($910 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $6,167 per ton in 2022, waning by -73.9% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 163%. As a result, the export price reached the peak level of $23,589 per ton, and then dropped notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($40,553 per ton), while the average price for exports to Spain ($1,122 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 Poland (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK
In 2022, approx. 35K tons of steel alloy wire of materials other than silico-manganese steels were imported into the UK; which is down by -25% on 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 134%. As a result, imports attained the peak of 47K tons, and then contracted notably in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels totaled $67M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.5 | 10.9 | 18.8 | 18.1 | 48.7% |
| China | 9.0 | 6.9 | 11.4 | 12.5 | 11.6% |
| Italy | 2.0 | 4.3 | 4.5 | 8.3 | 60.7% |
| Luxembourg | 0.6 | 0.5 | 4.9 | 5.0 | 102.7% |
| Germany | 1.0 | 2.2 | 3.6 | 4.7 | 67.5% |
| Malaysia | 5.3 | 2.6 | 3.1 | 3.9 | -9.7% |
| Netherlands | 1.3 | 0.9 | 1.2 | 3.2 | 35.0% |
| Others | 9.6 | 6.6 | 12.4 | 10.8 | 4.0% |
| Total | 34.3 | 34.8 | 60.0 | 66.6 | 24.8% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to the UK in 2022:
- Turkey (12.0K tons)
- China (9.0K tons)
- Italy (3.2K tons)
- Luxembourg (2.3K tons)
- Malaysia (2.0K tons)
- Netherlands (1.6K tons)
- Germany (1.6K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK
For the third year in a row, the UK recorded decline in overseas shipments of steel alloy wire of materials other than silico-manganese steels, which decreased by -41.7% to 515 tons in 2022. In general, exports recorded a significant curtailment. The smallest decline of -25.5% was in 2020.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels contracted notably to $3.2M in 2022. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 463 | 483 | 412 | 436 | -2.0% |
| Taiwan (Chinese) | 606 | 370 | 567 | 420 | -11.5% |
| United States | 459 | 212 | 60.3 | 390 | -5.3% |
| Libya | 246 | 8,421 | 16,376 | 281 | 4.5% |
| Ireland | 939 | 757 | 574 | 198 | -40.5% |
| Singapore | 265 | 91.8 | 136 | 188 | -10.8% |
| Germany | 948 | 411 | 196 | 176 | -43.0% |
| France | 1,809 | 630 | 306 | 166 | -54.9% |
| Turkey | 219 | 147 | 266 | 156 | -10.7% |
| Spain | 33.4 | 6.6 | 7.0 | 50.1 | 14.5% |
| Belgium | 0.5 | N/A | 251 | 46.4 | 352.7% |
| Czech Republic | 0.1 | 0.1 | 1.6 | 30.2 | 570.9% |
| Switzerland | 5,515 | 4,421 | 10.6 | 13.0 | -86.7% |
| Others | 3,450 | 2,400 | 1,678 | 629 | -43.3% |
| Total | 14,953 | 18,350 | 20,839 | 3,179 | -40.3% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from the UK in 2022:
- Turkey (111.2 tons)
- Ireland (102.3 tons)
- France (48.3 tons)
- United States (45.0 tons)
- Spain (44.7 tons)
- Germany (27.5 tons)
- China (18.4 tons)
- Belgium (16.6 tons)
- Singapore (11.7 tons)
- Taiwan (Chinese) (10.3 tons)
- Czech Republic (8.3 tons)
- Libya (6.2 tons)
- Switzerland (3.3 tons)
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