Singapore - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Singapore - 2022
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (CIF) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (CIF) - 2022
In 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $941 per ton, picking up by 37% against the previous year. Overall, the import price recorded a notable increase. The most prominent rate of growth was recorded in 2017 an increase of 42%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,183 per ton), while the price for South Korea ($374 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (FOB) - 2022
The average export price for hot-rolled non-alloy steel wire rods stood at $965 per ton in September 2022, which is down by -6.2% against the previous month. Overall, export price indicated modest growth from September 2021 to September 2022: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, hot-rolled non-alloy steel wire rod export price decreased by -22.5% against May 2022 indices. The growth pace was the most rapid in January 2022 an increase of 32% month-to-month. The export price peaked at $1,245 per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In September 2022, the countries with the highest prices were Hong Kong SAR ($1,091 per ton) and Australia ($1,034 per ton), while the average price for exports to Malaysia ($785 per ton) and Indonesia ($894 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore
In 2022, hot-rolled non-alloy steel wire rod imports into Singapore reduced sharply to 584K tons, with a decrease of -26.6% on the year before. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 374%. As a result, imports reached the peak of 795K tons, and then dropped significantly in the following year.
In value terms, hot-rolled non-alloy steel wire rod imports totaled $549M in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 556% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 70.0 | 34.6 | 198 | 256 | 54.1% |
| China | 49.5 | 7.2 | 51.2 | 141 | 41.8% |
| India | 0.2 | 4.5 | 146 | 57.0 | 558.1% |
| South Korea | 1.3 | 5.3 | 5.0 | 35.5 | 201.1% |
| Malaysia | 5.7 | 1.9 | 13.2 | 22.3 | 57.6% |
| United Arab Emirates | 0.1 | 11.8 | 42.6 | 16.1 | 444.0% |
| Spain | 10.9 | 4.1 | 1.2 | 6.7 | -15.0% |
| Oman | N/A | N/A | 40.7 | N/A | 0% |
| Algeria | N/A | N/A | 27.4 | N/A | 0% |
| Ukraine | 19.0 | 0.9 | N/A | N/A | -95.3% |
| Others | 20.5 | 13.0 | 19.8 | 14.6 | -10.7% |
| Total | 177 | 83.1 | 545 | 549 | 45.8% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Singapore in 2022:
- Turkey (241.3K tons)
- China (148.4K tons)
- South Korea (94.9K tons)
- India (48.2K tons)
- Malaysia (20.8K tons)
- United Arab Emirates (15.2K tons)
- Spain (7.5K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore
In 2022, shipments abroad of hot-rolled non-alloy steel wire rods decreased by -25% to 95K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 226%. As a result, the exports reached the peak of 131K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hot-rolled non-alloy steel wire rod exports skyrocketed to $110M in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.6 | 15.8 | 35.7 | 52.3 | 46.6% |
| Malaysia | 0.3 | 15.1 | 21.8 | 24.0 | 330.9% |
| China | 0.2 | 16.6 | 13.2 | 13.7 | 309.2% |
| Canada | 3.3 | 5.3 | 4.8 | 7.3 | 30.3% |
| Indonesia | 3.2 | 3.1 | 4.2 | 4.9 | 15.3% |
| Japan | N/A | 0.1 | 2.8 | 2.8 | 429.2% |
| Philippines | N/A | 6.8 | N/A | 1.7 | -50.0% |
| New Zealand | 1.3 | 1.3 | 1.1 | 1.2 | -2.6% |
| Others | 0.5 | 4.4 | 11.2 | 2.2 | 63.9% |
| Total | 25.5 | 68.3 | 94.8 | 110 | 62.8% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Singapore in 2022:
- Australia (41.1K tons)
- Malaysia (18.6K tons)
- China (15.5K tons)
- Canada (9.0K tons)
- Indonesia (4.3K tons)
- Philippines (2.2K tons)
- Japan (2.0K tons)
- New Zealand (0.8K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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