Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria - 2024

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria (CIF) - 2022
2. Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria
4. Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria

Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria (CIF) - 2022

The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,230 per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, not plated or coateds increased by +49.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 Slovakia ($1,984 per ton), while the price for Italy ($892 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria (FOB) - 2022

The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,303 per ton in 2022, growing by 16% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, not plated or coateds increased by +46.8% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 48%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,250 per ton), while the average price for exports to Serbia ($989 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria

In 2022, after two years of decline, there was significant growth in purchases abroad of iron or non-alloy steel wire, not plated or coateds, when their volume increased by 41% to 10K tons. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of iron or non-alloy steel wire, not plated or coateds surged to $13M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Bulgaria in 2022:

1. Italy (2.8K tons)
2. Turkey (2.5K tons)
3. North Macedonia (1.2K tons)
4. Czech Republic (1.0K tons)
5. Germany (1.0K tons)
6. Greece (0.9K tons)
7. Slovakia (0.5K tons)

Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Bulgaria

In 2022, exports of iron or non-alloy steel wire, not plated or coateds from Bulgaria soared to 5.1K tons, jumping by 42% compared with the previous year's figure. Overall, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 +54.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or non-alloy steel wire, not plated or coateds skyrocketed to $6.7M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Bulgaria in 2022:

1. Romania (1567.0 tons)
2. Netherlands (1290.3 tons)
3. Czech Republic (1127.3 tons)
4. France (241.1 tons)
5. Hungary (200.1 tons)
6. Turkey (176.1 tons)
7. Greece (91.0 tons)
8. Germany (87.1 tons)
9. Croatia (49.7 tons)

Source: IndexBox Market Intelligence Platform