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

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Slovenia (CIF) - 2023
2. Price for Chain and Parts Thereof, of Iron or Steel in Slovenia (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Slovenia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Slovenia

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

The average import price for chain and parts thereof, of iron or steel stood at $7,615 per ton in December 2023, increasing by 39% against the previous month. Overall, import price indicated buoyant growth from December 2022 to December 2023: its price increased at an average monthly rate of +5.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for chain and parts thereof, of iron or steel increased by +75.5% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($13,042 per ton), while the price for China ($2,337 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 Italy (+3.6%), 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 Slovenia (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $5,384 per ton in 2022, picking up by 5.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The export price peaked at $5,456 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($8,877 per ton), while the average price for exports to Slovakia ($3,507 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 Poland (+5.7%), 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 Slovenia

In 2022, the amount of chain and parts thereof, of iron or steel imported into Slovenia soared to 4.8K tons, picking up by 31% against the previous year. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 skyrocketed to $21M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +60.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. China (2965.5 tons)
2. Italy (472.1 tons)
3. Czech Republic (338.6 tons)
4. Germany (334.7 tons)
5. Austria (322.0 tons)
6. Netherlands (109.2 tons)
7. Sweden (87.0 tons)

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

In 2022, approx. 3K tons of chain and parts thereof, of iron or steel were exported from Slovenia; flattening at 2021. The total export volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 36%. The exports peaked 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 reached $16M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +51.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Austria (383.5 tons)
2. France (366.9 tons)
3. Germany (350.8 tons)
4. Romania (222.0 tons)
5. Czech Republic (202.1 tons)
6. Bosnia and Herzegovina (154.5 tons)
7. Switzerland (135.8 tons)
8. Croatia (115.0 tons)
9. Hungary (110.4 tons)
10. Slovakia (103.7 tons)
11. Poland (102.1 tons)
12. Italy (91.7 tons)
13. Serbia (90.0 tons)

Source: IndexBox Market Intelligence Platform