Stainless Steel Wire Price in Switzerland - 2023
Contents:
- Stainless Steel Wire Price in Switzerland (FOB) - 2022
- Stainless Steel Wire Price in Switzerland (CIF) - 2022
- Stainless Steel Wire Exports in Switzerland
- Stainless Steel Wire Imports in Switzerland
Stainless Steel Wire Price in Switzerland (FOB) - 2022
The average stainless steel wire export price stood at $8,323 per ton in 2022, surging by 36% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel wire export price increased by +63.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,865 per ton), while the average price for exports to the Czech Republic ($5,204 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 the United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Price in Switzerland (CIF) - 2022
The average stainless steel wire import price stood at $8,625 per ton in 2022, increasing by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 75%. As a result, import price reached the peak level of $11,409 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($13,831 per ton), while the price for India ($5,159 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Exports in Switzerland
Stainless steel wire exports from Switzerland contracted to 13K tons in 2022, shrinking by -9.6% compared with 2021. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports reached the peak of 14K tons, and then contracted in the following year.
In value terms, stainless steel wire exports skyrocketed to $107M in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Stainless Steel Wire in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 11.2 | 10.2 | 21.1 | 34.6 | 45.6% |
| Germany | 13.4 | 11.8 | 22.8 | 27.4 | 26.9% |
| France | 12.0 | 8.9 | 12.7 | 11.0 | -2.9% |
| United States | 6.6 | 2.1 | 3.8 | 6.1 | -2.6% |
| United Kingdom | 4.4 | 2.7 | 4.5 | 5.3 | 6.4% |
| United Arab Emirates | 0.5 | 1.0 | 1.0 | 2.7 | 75.4% |
| South Africa | 1.0 | 0.7 | 1.3 | 1.6 | 17.0% |
| Poland | 1.5 | 1.0 | 1.1 | 1.6 | 2.2% |
| Hungary | 0.6 | 0.5 | 0.7 | 1.6 | 38.7% |
| Turkey | 1.3 | 1.1 | 1.4 | 1.5 | 4.9% |
| Czech Republic | 0.2 | 0.5 | 0.9 | 1.2 | 81.7% |
| Others | 12.9 | 11.8 | 16.0 | 12.3 | -1.6% |
| Total | 65.8 | 52.3 | 87.3 | 107 | 17.6% |
Top Export Markets for Stainless Steel Wire from Switzerland in 2022:
- Italy (4.2K tons)
- Germany (3.3K tons)
- France (2.0K tons)
- United Kingdom (0.6K tons)
- United States (0.4K tons)
- United Arab Emirates (0.3K tons)
- Turkey (0.2K tons)
- Czech Republic (0.2K tons)
- South Africa (0.2K tons)
- Poland (0.2K tons)
- Hungary (0.2K tons)
Stainless Steel Wire Imports in Switzerland
In 2022, approx. 6.7K tons of stainless steel wire were imported into Switzerland; surging by 4.8% on the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, stainless steel wire imports surged to $58M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.0 | 18.2 | 23.2 | 27.2 | 10.8% |
| Sweden | 3.1 | 3.0 | 6.1 | 8.6 | 40.5% |
| South Korea | 2.2 | 2.6 | 3.2 | 4.5 | 26.9% |
| Austria | 3.1 | 3.2 | 2.2 | 3.0 | -1.1% |
| Spain | 1.6 | 1.0 | 0.9 | 2.5 | 16.0% |
| India | 1.9 | 0.8 | 1.5 | 2.3 | 6.6% |
| Italy | 3.3 | 0.8 | 1.7 | 1.8 | -18.3% |
| Mexico | 1.2 | 0.9 | 1.2 | 1.3 | 2.7% |
| France | 2.0 | 1.2 | 1.7 | 1.1 | -18.1% |
| Czech Republic | 1.1 | 0.6 | 0.8 | 0.8 | -10.1% |
| Others | 4.2 | 5.6 | 4.6 | 5.1 | 6.7% |
| Total | 43.5 | 37.8 | 46.9 | 58.2 | 10.2% |
Top Suppliers of Stainless Steel Wire to Switzerland in 2022:
- Germany (2914.6 tons)
- Sweden (1070.4 tons)
- India (443.9 tons)
- South Korea (432.3 tons)
- Italy (317.9 tons)
- Spain (317.5 tons)
- Austria (216.3 tons)
- Mexico (198.3 tons)
- France (132.7 tons)
- Czech Republic (87.6 tons)
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