Price for Wire of Other Alloy Steel in Hungary - 2023
Contents:
- Price for Wire of Other Alloy Steel in Hungary (CIF) - 2023
- Price for Wire of Other Alloy Steel in Hungary (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Hungary
- Exports of Wire of Other Alloy Steel in Hungary
Price for Wire of Other Alloy Steel in Hungary (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $2,054 per ton, dropping by -22.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 18% month-to-month. The import price peaked at $2,656 per ton in July 2023, and then shrank sharply in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($1,343 per ton), while the price for China amounted to $1,091 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Hungary (FOB) - 2022
The average export price for wire of other alloy steels stood at $2,344 per ton in 2022, growing by 14% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The export price peaked at $10,140 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($5,015 per ton), while the average price for exports to Italy ($1,556 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 Albania (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wire of Other Alloy Steel in Hungary
After three years of growth, supplies from abroad of wire of other alloy steels decreased by -0.3% to 19K tons in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 139% against the previous year.
In value terms, wire of other alloy steel imports totaled $39M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Wire of Other Alloy Steel in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 8.9 | 6.6 | 7.8 | 9.5 | 2.2% |
| Sweden | 2.1 | 4.2 | 7.0 | 7.0 | 49.4% |
| Czech Republic | 8.2 | 5.2 | 4.0 | 4.7 | -16.9% |
| Italy | 1.5 | 0.6 | 1.7 | 3.0 | 26.0% |
| Luxembourg | 2.6 | 2.1 | 3.0 | 3.0 | 4.9% |
| China | 1.5 | 1.6 | 1.9 | 2.9 | 24.6% |
| Germany | 4.4 | 4.3 | 3.2 | 2.5 | -17.2% |
| Poland | 1.6 | 1.0 | 1.7 | 2.3 | 12.9% |
| Turkey | 0.6 | 0.5 | 0.7 | 1.5 | 35.7% |
| Spain | 0.8 | 0.4 | 1.6 | 0.7 | -4.4% |
| Netherlands | 2.1 | 1.1 | 0.9 | 0.3 | -47.7% |
| Belgium | 2.8 | 2.4 | 1.7 | N/A | -22.1% |
| Others | 1.1 | 2.2 | 2.2 | 1.4 | 8.4% |
| Total | 38.1 | 32.1 | 37.3 | 38.7 | 0.5% |
Top Suppliers of Wire of Other Alloy Steel to Hungary in 2022:
- Austria (4.7K tons)
- Sweden (2.8K tons)
- Czech Republic (2.6K tons)
- China (1.9K tons)
- Luxembourg (1.8K tons)
- Italy (1.5K tons)
- Poland (1.2K tons)
- Turkey (1.0K tons)
- Germany (0.8K tons)
- Spain (0.3K tons)
- Netherlands (0.1K tons)
Exports of Wire of Other Alloy Steel in Hungary
In 2022, shipments abroad of wire of other alloy steels decreased by -13.5% to 547 tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 168%. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wire of other alloy steel exports shrank slightly to $1.3M in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 144%. As a result, the exports attained the peak of $5.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Wire of Other Alloy Steel in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 462 | 589 | 780 | 798 | 20.0% |
| Bosnia and Herzegovina | 7.4 | 11.1 | 52.4 | 207 | 203.6% |
| Albania | 36.9 | 141 | 69.6 | 144 | 57.4% |
| Slovakia | 20.0 | 0.1 | N/A | 37.4 | 23.2% |
| Italy | N/A | N/A | 18.7 | 34.7 | 85.6% |
| Germany | 1,538 | 0.9 | 309 | 20.5 | -76.3% |
| Thailand | 105 | N/A | N/A | N/A | 0% |
| Others | 52.8 | 4,673 | 70.0 | 39.8 | -9.0% |
| Total | 2,221 | 5,415 | 1,300 | 1,282 | -16.7% |
Top Export Markets for Wire of Other Alloy Steel from Hungary in 2022:
- Serbia (336.1 tons)
- Bosnia and Herzegovina (87.3 tons)
- Albania (64.9 tons)
- Italy (22.3 tons)
- Slovakia (22.2 tons)
- Germany (4.1 tons)
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