Price for Hot-Rolled Wire Rod in Coils in Slovenia - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Slovenia (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Slovenia (FOB) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Slovenia
- Exports of Hot-Rolled Wire Rod in Coils in Slovenia
Price for Hot-Rolled Wire Rod in Coils in Slovenia (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $740 per ton, rising by 5.1% against the previous month. Over the period under review, the import price, however, showed a slight setback. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $886 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($1,492 per ton), while the price for Croatia ($463 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 Germany (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Slovenia (FOB) - 2023
The average export price for hot-rolled wire rods in coils stood at $839 per ton in November 2023, waning by -3% against the previous month. In general, the export price showed a mild reduction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 15% month-to-month. The export price peaked at $1,056 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were the Czech Republic ($1,071 per ton) and Hungary ($891 per ton), while the average price for exports to Serbia ($726 per ton) and Poland ($867 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 Serbia (+0.9%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Slovenia
For the fourth consecutive year, Slovenia recorded growth in overseas purchases of hot-rolled wire rods in coils, which increased by 0.6% to 140K tons in 2022. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports surged to $141M in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 37.9 | 37.8 | 68.4 | 69.3 | 22.3% |
| South Korea | 12.9 | 12.1 | 21.1 | 35.7 | 40.4% |
| Czech Republic | 7.2 | 7.1 | 9.3 | 10.9 | 14.8% |
| Austria | 3.3 | 4.5 | 6.1 | 7.5 | 31.5% |
| Egypt | N/A | N/A | 1.3 | 5.5 | 323.1% |
| Croatia | 0.1 | 0.9 | 2.2 | 3.7 | 233.2% |
| Poland | 1.9 | 1.7 | 2.6 | 2.9 | 15.1% |
| Bosnia and Herzegovina | 1.3 | 1.0 | 2.6 | 1.7 | 9.4% |
| Others | 2.4 | 2.0 | 2.3 | 4.0 | 18.6% |
| Total | 67.0 | 67.1 | 116 | 141 | 28.1% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Slovenia in 2022:
- Italy (72.9K tons)
- South Korea (35.0K tons)
- Czech Republic (9.8K tons)
- Austria (6.7K tons)
- Egypt (5.1K tons)
- Croatia (3.8K tons)
- Poland (2.6K tons)
- Bosnia and Herzegovina (2.0K tons)
Exports of Hot-Rolled Wire Rod in Coils in Slovenia
For the fourth consecutive year, Slovenia recorded growth in shipments abroad of hot-rolled wire rods in coils, which increased by 22% to 48K tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled wire rod in coils exports skyrocketed to $48M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 97%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Hot-Rolled Wire Rod in Coils in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 16.1 | 9.0 | 14.0 | 20.1 | 7.7% |
| Czech Republic | 0.4 | N/A | 8.9 | 17.9 | 255.0% |
| Serbia | N/A | 4.4 | 7.1 | 6.0 | 16.8% |
| Slovakia | N/A | 2.8 | 2.0 | 3.0 | 3.5% |
| Others | 0.4 | 0.3 | 0.5 | 0.8 | 26.0% |
| Total | 16.9 | 16.5 | 32.4 | 47.8 | 41.4% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Slovenia in 2022:
- Hungary (18.8K tons)
- Czech Republic (16.9K tons)
- Serbia (9.0K tons)
- Slovakia (2.8K tons)
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