Price for Steel Alloy Wire of Silico-Manganese Steel in Germany - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Germany (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Germany (FOB) - 2024
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Germany
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Germany
Price for Steel Alloy Wire of Silico-Manganese Steel in Germany (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $2,002 per ton, flattening at the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 24% m-o-m. As a result, import price reached the peak level of $2,199 per ton. From December 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,899 per ton), while the price for China ($978 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 the Czech Republic (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in Germany (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $2,445 per ton in January 2024, increasing by 9.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices attained the maximum at $3,068 per ton in August 2023; however, from September 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($8,169 per ton), while the average price for exports to Norway ($1,988 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 India (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Germany
In 2022, approx. 32K tons of steel alloy wire of silico-manganese steels were imported into Germany; with a decrease of -16.6% against the previous year. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% 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 +44.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. As a result, imports reached the peak of 38K tons, and then declined dramatically in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels rose slightly to $59M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.3 | 5.3 | 17.3 | 19.2 | 38.0% |
| Czech Republic | 13.3 | 13.7 | 16.1 | 17.2 | 8.9% |
| United Kingdom | N/A | N/A | 6.0 | 7.7 | 28.3% |
| China | 5.8 | 2.5 | 4.7 | 4.3 | -9.5% |
| Poland | 1.9 | 1.3 | 2.5 | 3.4 | 21.4% |
| Turkey | 3.0 | 2.4 | 3.2 | 2.6 | -4.7% |
| Vietnam | N/A | 1.2 | 1.5 | 1.2 | 0.0% |
| Slovenia | 1.7 | 2.3 | 2.2 | 0.9 | -19.1% |
| Others | 0.5 | 0.5 | 3.9 | 2.1 | 61.3% |
| Total | 33.5 | 29.2 | 57.4 | 58.6 | 20.5% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Germany in 2022:
- Czech Republic (9.8K tons)
- Italy (9.5K tons)
- United Kingdom (4.0K tons)
- China (2.9K tons)
- Poland (2.2K tons)
- Turkey (1.4K tons)
- Vietnam (0.8K tons)
- Slovenia (0.5K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Germany
In 2022, the amount of steel alloy wire of silico-manganese steels exported from Germany expanded sharply to 14K tons, growing by 5.3% compared with the previous year. The total export volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel alloy wire of silico-manganese steels skyrocketed to $34M in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.7 | 2.8 | 4.1 | 5.7 | 15.5% |
| Hungary | 3.6 | 4.0 | 4.4 | 5.7 | 16.6% |
| Czech Republic | 3.8 | 2.6 | 3.3 | 3.3 | -4.6% |
| Switzerland | 0.2 | 0.5 | 0.9 | 2.4 | 128.9% |
| Estonia | 0.2 | 0.1 | 0.3 | 2.2 | 122.4% |
| Netherlands | 0.6 | 0.7 | 1.1 | 2.1 | 51.8% |
| Italy | 0.6 | 1.1 | 1.9 | 1.9 | 46.8% |
| France | 1.7 | 1.4 | 2.2 | 1.6 | -2.0% |
| Austria | 0.8 | 0.8 | 1.4 | 1.2 | 14.5% |
| Slovakia | 0.1 | N/A | 0.1 | 1.1 | 122.4% |
| Russia | 0.2 | 0.6 | 2.0 | 1.1 | 76.5% |
| Belgium | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| Slovenia | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Others | 3.6 | 2.5 | 3.3 | 4.4 | 6.9% |
| Total | 19.9 | 17.7 | 25.8 | 33.7 | 19.2% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Germany in 2022:
- Poland (2713.5 tons)
- Hungary (2118.0 tons)
- Czech Republic (1405.0 tons)
- Netherlands (963.9 tons)
- Switzerland (872.8 tons)
- France (837.2 tons)
- Estonia (782.8 tons)
- Italy (738.7 tons)
- Slovakia (659.3 tons)
- Austria (506.2 tons)
- Belgium (250.1 tons)
- Slovenia (201.0 tons)
- Russia (198.5 tons)
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