Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $687 per ton, stabilizing at the previous month. In general, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.5% month-to-month. As a result, import price reached the peak level of $808 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Serbia ($711 per ton), while the price for Bosnia and Herzegovina stood at $678 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Serbia (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $785 per ton in August 2023, increasing by 4.7% against the previous month. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 32% m-o-m. As a result, the export price reached the peak level of $1,197 per ton. From March 2023 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From December 2022 to August 2023, the rate of growth in terms of prices for the Czech Republic amounted to 0.0% per month.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Croatia reduced sharply to 98K tons, falling by -15.8% on 2021. In general, imports recorded a slight shrinkage. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 117K tons, and then declined significantly in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses rose slightly to $101M in 2022. Overall, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 24.8 | 20.4 | 45.1 | 66.1 | 38.6% |
| Germany | 14.3 | 12.2 | 19.3 | 9.6 | -12.4% |
| Czech Republic | 10.2 | 10.3 | 13.7 | 6.9 | -12.2% |
| Bosnia and Herzegovina | 3.1 | 3.7 | 7.5 | 6.1 | 25.3% |
| Austria | 4.5 | 4.3 | 7.8 | 6.0 | 10.1% |
| Poland | 0.9 | 1.5 | 3.7 | 3.5 | 57.3% |
| Others | 0.9 | 1.3 | 0.8 | 2.6 | 42.4% |
| Total | 58.7 | 53.7 | 98.0 | 101 | 19.8% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Croatia in 2022:
- Italy (65.0K tons)
- Germany (8.4K tons)
- Bosnia and Herzegovina (6.9K tons)
- Czech Republic (6.3K tons)
- Austria (5.9K tons)
- Poland (3.3K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Croatia fell to 1.7K tons, shrinking by -4.3% compared with the year before. Overall, exports faced a abrupt curtailment.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded rapidly to $1.8M in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 633 | 244 | 900 | 713 | 4.0% |
| Slovenia | 89.8 | 275 | 469 | 521 | 79.7% |
| Austria | 11.8 | 2.8 | 101 | 326 | 202.3% |
| Czech Republic | N/A | N/A | N/A | 201 | 0% |
| Italy | N/A | 218 | N/A | 67.7 | -44.3% |
| Serbia | 546 | 312 | 20.3 | N/A | -80.7% |
| Poland | 426 | 103 | N/A | N/A | -75.8% |
| Others | 0.1 | 19.6 | 125 | 0.1 | 0.0% |
| Total | 1,707 | 1,174 | 1,616 | 1,828 | 2.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Croatia in 2022:
- Bosnia and Herzegovina (637.4 tons)
- Slovenia (530.3 tons)
- Czech Republic (238.4 tons)
- Austria (233.7 tons)
- Italy (43.7 tons)
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