Price for Hot-Rolled Wire Rod in Coils in Slovakia - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Slovakia (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Slovakia (FOB) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Slovakia
- Exports of Hot-Rolled Wire Rod in Coils in Slovakia
Price for Hot-Rolled Wire Rod in Coils in Slovakia (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $881 per ton, rising by 1.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 25% against the previous month. As a result, import price reached the peak level of $1,141 per ton. From July 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Germany ($1,001 per ton) and the Czech Republic ($934 per ton), while the price for Italy ($683 per ton) and Poland ($819 per ton) were 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 (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Slovakia (FOB) - 2023
The average export price for hot-rolled wire rods in coils stood at $719 per ton in November 2023, rising by 3.2% against the previous month. In general, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in April 2023 an increase of 7% month-to-month. As a result, the export price reached the peak level of $827 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In November 2023, the highest price was recorded for prices to Hungary ($733 per ton) and Poland ($729 per ton), while the average price for exports to the UK ($690 per ton) and Germany ($692 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Slovakia
In 2022, the amount of hot-rolled wire rods in coils imported into Slovakia skyrocketed to 527K tons, growing by 18% on the year before. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, hot-rolled wire rod in coils imports surged to $468M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 125 | 115 | 216 | 238 | 23.9% |
| Germany | 22.7 | 23.8 | 66.0 | 86.4 | 56.1% |
| Poland | 32.4 | 36.6 | 70.6 | 78.7 | 34.4% |
| Italy | 12.5 | 14.2 | 30.1 | 33.8 | 39.3% |
| Austria | 0.5 | 0.9 | 3.8 | 9.5 | 166.8% |
| Others | 17.7 | 10.9 | 9.0 | 21.5 | 6.7% |
| Total | 211 | 201 | 396 | 468 | 30.4% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Slovakia in 2022:
- Czech Republic (276.1K tons)
- Germany (94.4K tons)
- Poland (86.0K tons)
- Italy (35.2K tons)
- Austria (14.9K tons)
Exports of Hot-Rolled Wire Rod in Coils in Slovakia
In 2022, approx. 25K tons of hot-rolled wire rods in coils were exported from Slovakia; growing by 93% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 117%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, hot-rolled wire rod in coils exports soared to $26M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 273%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Hot-Rolled Wire Rod in Coils in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 0.1 | 2.5 | 13.6 | 1066.2% |
| Czech Republic | 0.1 | 0.2 | 2.3 | 6.5 | 302.1% |
| Hungary | 1.3 | 1.6 | 4.0 | 4.4 | 50.1% |
| Russia | 2.1 | 0.7 | 1.8 | 0.5 | -38.0% |
| Poland | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Germany | N/A | N/A | 0.5 | 0.3 | -40.0% |
| Romania | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| Others | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Total | 4.1 | 3.2 | 11.9 | 25.7 | 84.4% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Slovakia in 2022:
- Austria (13.2K tons)
- Czech Republic (6.0K tons)
- Hungary (4.3K tons)
- Russia (0.5K tons)
- Poland (0.4K tons)
- Germany (0.3K tons)
- Romania (0.1K tons)
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