Stainless Steel Wire Price in Austria - 2023
Contents:
- Stainless Steel Wire Price in Austria (CIF) - 2022
- Stainless Steel Wire Price in Austria (FOB) - 2023
- Stainless Steel Wire Imports in Austria
- Stainless Steel Wire Exports in Austria
Stainless Steel Wire Price in Austria (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $7,158 per ton, jumping by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($9,939 per ton), while the price for Belgium ($4,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Austria (FOB) - 2023
The average stainless steel wire export price stood at $17,939 per ton in September 2023, growing by 26% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 35% m-o-m. Over the period under review, the average export prices hit record highs at $18,706 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Canada ($46,230 per ton), while the average price for exports to Bosnia and Herzegovina ($9,037 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Austria
Stainless steel wire imports into Austria contracted sharply to 3.1K tons in 2022, reducing by -22.8% on the previous year. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 4K tons, and then contracted significantly in the following year.
In value terms, stainless steel wire imports reduced slightly to $22M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $22M, and then shrank in the following year.
| Import of Stainless Steel Wire in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.2 | 11.1 | 13.1 | 12.8 | 7.9% |
| Czech Republic | 2.0 | 1.7 | 2.3 | 2.7 | 10.5% |
| China | 1.2 | 0.8 | 1.7 | 1.8 | 14.5% |
| Sweden | 1.8 | 0.8 | 1.0 | 1.5 | -5.9% |
| France | 0.5 | 0.5 | 0.8 | 0.9 | 21.6% |
| Netherlands | N/A | 0.5 | 0.5 | 0.8 | 26.5% |
| Italy | 0.7 | 0.5 | 1.8 | 0.6 | -5.0% |
| India | 1.1 | 0.1 | N/A | 0.1 | -55.0% |
| Others | 1.6 | 0.7 | 1.3 | 1.0 | -14.5% |
| Total | 19.2 | 16.6 | 22.5 | 22.3 | 5.1% |
Top Suppliers of Stainless Steel Wire to Austria in 2022:
- Germany (1655.1 tons)
- China (375.8 tons)
- Czech Republic (355.4 tons)
- France (157.8 tons)
- Sweden (154.9 tons)
- Italy (128.0 tons)
- Netherlands (87.0 tons)
- India (21.3 tons)
Stainless Steel Wire Exports in Austria
In 2022, the amount of stainless steel wire exported from Austria dropped rapidly to 445 tons, reducing by -29% compared with 2021. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 35%.
In value terms, stainless steel wire exports dropped to $6.2M in 2022. In general, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 18%.
| Export of Stainless Steel Wire in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3,229 | 2,396 | 2,018 | 2,706 | -5.7% |
| Germany | 634 | 449 | 1,579 | 833 | 9.5% |
| Slovakia | 701 | 598 | 669 | 780 | 3.6% |
| Slovenia | 360 | 334 | 489 | 246 | -11.9% |
| Bosnia and Herzegovina | 169 | 96.8 | 168 | 217 | 8.7% |
| China | 1.0 | 45.1 | 2.2 | 202 | 486.7% |
| Hungary | 257 | 262 | 298 | 185 | -10.4% |
| Liechtenstein | N/A | 280 | 240 | 175 | -20.9% |
| Serbia | 78.1 | 107 | 167 | 165 | 28.3% |
| Italy | 70.5 | 133 | 19.2 | 159 | 31.1% |
| Croatia | 136 | 143 | 242 | 133 | -0.7% |
| North Macedonia | 112 | 117 | 20.3 | 130 | 5.1% |
| Kazakhstan | 1.2 | 3.6 | N/A | 73.1 | 293.5% |
| Others | 946 | 367 | 396 | 209 | -39.5% |
| Total | 6,694 | 5,331 | 6,307 | 6,212 | -2.5% |
Top Export Markets for Stainless Steel Wire from Austria in 2022:
- Switzerland (101.8 tons)
- Germany (83.5 tons)
- Slovakia (80.6 tons)
- Bosnia and Herzegovina (32.7 tons)
- Hungary (30.0 tons)
- Slovenia (22.0 tons)
- Serbia (13.7 tons)
- China (12.4 tons)
- Croatia (12.4 tons)
- Italy (12.1 tons)
- North Macedonia (11.1 tons)
- Liechtenstein (8.9 tons)
- Kazakhstan (8.7 tons)
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