Price for Hot-Rolled Wire Rod in Coils in Russia - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Russia (FOB) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Russia (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in Russia
- Imports of Hot-Rolled Wire Rod in Coils in Russia
Price for Hot-Rolled Wire Rod in Coils in Russia (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $801 per ton, surging by 5.2% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +69.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 61%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($886 per ton) and Lithuania ($856 per ton), while the average price for exports to Taiwan (Chinese) ($682 per ton) and Kazakhstan ($730 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Russia (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $1,209 per ton in 2022, increasing by 167% against the previous year. In general, the import price posted a strong increase. 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 2022, amid the top importers, the country with the highest price was Lithuania ($18,500 per ton), while the price for Kazakhstan ($541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Wire Rod in Coils in Russia
Hot-rolled wire rod in coils exports from Russia shrank rapidly to 715K tons in 2022, dropping by -49.1% compared with the previous year's figure. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports attained the peak of 1.4M tons, and then declined remarkably in the following year.
In value terms, hot-rolled wire rod in coils exports contracted significantly to $573M in 2022. Over the period under review, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by 155%. As a result, the exports attained the peak of $1.1B, and then shrank notably in the following year.
| Export of Hot-Rolled Wire Rod in Coils in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 39.4 | 10.9 | 56.2 | 94.4 | 33.8% |
| Kazakhstan | 43.6 | 42.4 | 73.6 | 66.4 | 15.1% |
| Netherlands | 14.9 | 71.3 | 59.8 | 40.2 | 39.2% |
| Lithuania | 23.3 | 18.9 | 41.7 | 36.0 | 15.6% |
| Spain | 4.3 | 11.4 | 9.7 | 31.4 | 94.0% |
| Colombia | 3.2 | N/A | 57.5 | 30.1 | 111.1% |
| Cote d'Ivoire | 4.9 | 0.8 | 6.7 | 27.6 | 77.9% |
| Uzbekistan | 36.2 | 31.4 | 35.2 | 27.3 | -9.0% |
| Romania | 26.4 | 23.1 | 42.3 | 21.5 | -6.6% |
| Singapore | N/A | 0.2 | N/A | 20.2 | 905.0% |
| Azerbaijan | 19.2 | 18.2 | 13.3 | 15.5 | -6.9% |
| Burkina Faso | N/A | N/A | 5.3 | 14.5 | 173.6% |
| Taiwan (Chinese) | 34.6 | 32.4 | 40.9 | 14.0 | -26.0% |
| Others | 292 | 158 | 628 | 134 | -22.9% |
| Total | 542 | 419 | 1,070 | 573 | 1.9% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Russia in 2022:
- Turkey (126.9K tons)
- Kazakhstan (90.9K tons)
- Netherlands (48.5K tons)
- Lithuania (42.1K tons)
- Spain (40.6K tons)
- Cote d'Ivoire (34.5K tons)
- Colombia (34.0K tons)
- Uzbekistan (32.1K tons)
- Romania (25.6K tons)
- Singapore (25.3K tons)
- Azerbaijan (20.7K tons)
- Taiwan (Chinese) (20.5K tons)
- Burkina Faso (18.0K tons)
Imports of Hot-Rolled Wire Rod in Coils in Russia
In 2022, approx. 1.2K tons of hot-rolled wire rods in coils were imported into Russia; with a decrease of -96.6% against 2021 figures. Overall, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 715%. As a result, imports attained the peak of 36K tons, and then contracted dramatically in the following year.
In value terms, hot-rolled wire rod in coils imports shrank notably to $1.5M in 2022. Over the period under review, imports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 372%. As a result, imports reached the peak of $16M, and then shrank remarkably in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 2,137 | 666 | 1,767 | 486 | -39.0% |
| United Kingdom | 1,093 | 915 | 1,540 | 325 | -33.3% |
| South Korea | N/A | 761 | N/A | 311 | -36.1% |
| Turkey | 14.5 | 234 | 125 | 155 | 120.3% |
| China | 35.2 | 17.7 | 12.8 | 93.3 | 38.4% |
| India | N/A | N/A | N/A | 58.4 | 0% |
| Kazakhstan | N/A | N/A | N/A | 32.8 | 0% |
| Belarus | 962 | 225 | 11,824 | N/A | 250.6% |
| Others | 819 | 679 | 1,223 | 24.1 | -69.1% |
| Total | 5,062 | 3,497 | 16,491 | 1,485 | -33.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Russia in 2022:
- Slovakia (494.5 tons)
- United Kingdom (352.4 tons)
- Turkey (187.8 tons)
- China (65.2 tons)
- Kazakhstan (60.7 tons)
- South Korea (27.3 tons)
- India (19.9 tons)
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