Price for Chain and Parts Thereof, of Iron or Steel in Poland - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Poland (CIF) - 2023
2. Price for Chain and Parts Thereof, of Iron or Steel in Poland (FOB) - 2023
3. Imports of Chain and Parts Thereof, of Iron or Steel in Poland
4. Exports of Chain and Parts Thereof, of Iron or Steel in Poland

Price for Chain and Parts Thereof, of Iron or Steel in Poland (CIF) - 2023

The average import price for chain and parts thereof, of iron or steel stood at $5,881 per ton in December 2023, surging by 16% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 33% month-to-month. Over the period under review, average import prices hit record highs at $8,083 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($16,996 per ton), while the price for Turkey ($1,981 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Poland (FOB) - 2023

In December 2023, the average export price for chain and parts thereof, of iron or steel amounted to $8,717 per ton, increasing by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in June 2023 an increase of 19% month-to-month. As a result, the export price attained the peak level of $9,857 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Australia ($41,572 per ton), while the average price for exports to Sweden ($5,351 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Poland

In 2022, imports of chain and parts thereof, of iron or steel into Poland surged to 18K tons, growing by 15% against 2021 figures. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel expanded significantly to $101M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Poland in 2022:

1. China (8.7K tons)
2. Germany (2.6K tons)
3. Czech Republic (1.2K tons)
4. Italy (1.0K tons)
5. Netherlands (0.7K tons)
6. Turkey (0.6K tons)
7. South Korea (0.6K tons)
8. Austria (0.4K tons)
9. Belgium (0.4K tons)
10. Sweden (0.3K tons)
11. France (0.3K tons)
12. Ukraine (0.2K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Poland

In 2022, the amount of chain and parts thereof, of iron or steel exported from Poland stood at 9.3K tons, approximately mirroring 2021 figures. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $57M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Poland in 2022:

1. Germany (3664.1 tons)
2. China (1514.4 tons)
3. Sweden (954.0 tons)
4. Ukraine (469.9 tons)
5. Russia (264.1 tons)
6. Hungary (256.9 tons)
7. Lithuania (252.8 tons)
8. Belgium (219.7 tons)
9. Romania (165.6 tons)
10. Turkey (163.7 tons)

Source: IndexBox Market Intelligence Platform