Price for Hot-Rolled Wire Rod in Coils in Estonia - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Estonia (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Estonia (FOB) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Estonia
- Exports of Hot-Rolled Wire Rod in Coils in Estonia
Price for Hot-Rolled Wire Rod in Coils in Estonia (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $713 per ton, falling by -5.6% against the previous month. Over the period under review, the import price faced a deep slump. The growth pace was the most rapid in June 2023 an increase of 157% m-o-m. The import price peaked at $2,554 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Poland ($971 per ton), while the price for Spain totaled $708 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Estonia (FOB) - 2023
In December 2023, the average export price for hot-rolled wire rods in coils amounted to $928 per ton, declining by -5.6% against the previous month. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in July 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices hit record highs at $5,834 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Finland.
From December 2022 to December 2023, the rate of growth in terms of prices for Latvia amounted to +7.9% per month.
Imports of Hot-Rolled Wire Rod in Coils in Estonia
In 2022, the amount of hot-rolled wire rods in coils imported into Estonia soared to 13K tons, picking up by 95% against the year before. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports surged to $15M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 4,979 | 0% |
| Spain | N/A | 462 | 1,776 | 3,888 | 190.1% |
| Finland | 811 | 1,008 | 1,512 | 1,102 | 10.8% |
| Germany | 0.1 | N/A | 407 | 1,042 | 2084.2% |
| Lithuania | 372 | 222 | 189 | 767 | 27.3% |
| Poland | 851 | 1,488 | 941 | 595 | -11.2% |
| Belarus | 1,337 | 137 | N/A | 526 | -26.7% |
| Ukraine | 344 | N/A | 1,519 | 470 | 11.0% |
| Russia | 569 | 857 | 513 | 177 | -32.2% |
| Others | 135 | 110 | 71.4 | 967 | 92.8% |
| Total | 4,419 | 4,284 | 6,929 | 14,511 | 48.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Estonia in 2022:
- Algeria (5.3K tons)
- Spain (4.0K tons)
- Lithuania (0.8K tons)
- Ukraine (0.6K tons)
- Belarus (0.6K tons)
- Germany (0.6K tons)
- Poland (0.4K tons)
- Finland (0.4K tons)
- Russia (0.2K tons)
Exports of Hot-Rolled Wire Rod in Coils in Estonia
After two years of decline, overseas shipments of hot-rolled wire rods in coils increased by 14% to 1.9K tons in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent.
In value terms, hot-rolled wire rod in coils exports soared to $2.2M in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,846 | 1,251 | 1,666 | 2,039 | 3.4% |
| Latvia | 100 | 97.0 | 93.7 | 103 | 1.0% |
| Lithuania | N/A | N/A | N/A | 47.4 | 0% |
| Others | N/A | 3.1 | 1.8 | N/A | -41.9% |
| Total | 1,946 | 1,351 | 1,761 | 2,189 | 4.0% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Estonia in 2022:
- Finland (1807.5 tons)
- Latvia (78.7 tons)
- Lithuania (58.6 tons)
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