Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in China - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (FOB) - 2024
In December 2023, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $803 per ton, growing by 7.6% against the previous month. Overall, the export price, however, saw a deep slump. The pace of growth was the most pronounced in March 2023 when the average export price increased by 16% against the previous month. As a result, the export price reached the peak level of $3,833 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2023, the highest price was recorded for prices to Japan ($960 per ton) and Vietnam ($888 per ton), while the average price for exports to Guatemala ($641 per ton) and South Korea ($722 per ton) were amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-5.0%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $2,514 per ton in 2022, increasing by 8.6% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +29.7% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 150%. The import price peaked in 2022 and is expected to retain 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 Germany ($3,173 per ton), while the price for Vietnam ($1,148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from China soared to 367K tons, increasing by 16% against the previous year. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained 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 soared to $1.4B in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.6 | 49.6 | 63.4 | 152 | 67.1% |
| Saudi Arabia | 12.0 | 6.1 | 15.2 | 123 | 117.2% |
| Brazil | 21.2 | 18.9 | 64.9 | 114 | 75.2% |
| Vietnam | 43.6 | 66.3 | 63.1 | 81.2 | 23.0% |
| Philippines | 9.9 | 31.2 | 43.0 | 63.8 | 86.1% |
| Japan | 10.0 | 21.2 | 21.4 | 55.1 | 76.6% |
| Australia | 13.6 | 19.9 | 26.5 | 52.0 | 56.4% |
| Ghana | 5.8 | 27.5 | 14.1 | 45.5 | 98.7% |
| South Korea | 8.6 | 16.5 | 19.0 | 44.9 | 73.5% |
| Malaysia | 9.9 | 22.5 | 15.1 | 37.2 | 55.5% |
| Senegal | 5.6 | 11.7 | 10.9 | 34.6 | 83.5% |
| Cambodia | 5.4 | 7.0 | 3.0 | 16.8 | 46.0% |
| Benin | 1.2 | 0.6 | 1.0 | 14.6 | 130.0% |
| Others | 179 | 234 | 222 | 534 | 44.0% |
| Total | 358 | 533 | 583 | 1,370 | 56.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from China in 2022:
- Saudi Arabia (46.3K tons)
- United States (42.0K tons)
- Brazil (32.1K tons)
- Vietnam (23.4K tons)
- South Korea (12.0K tons)
- Australia (11.6K tons)
- Ghana (10.9K tons)
- Philippines (10.6K tons)
- Senegal (10.3K tons)
- Japan (9.1K tons)
- Benin (8.5K tons)
- Malaysia (8.2K tons)
- Cambodia (7.3K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China
In 2022, approx. 25K tons of iron or non-alloy steel wire, not plated or coateds were imported into China; waning by -22.6% on the previous year's figure. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 33K tons, and then contracted rapidly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds fell sharply to $63M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $75M, and then contracted notably in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 24.8 | 25.3 | 33.3 | 29.2 | 5.6% |
| Japan | 15.3 | 13.9 | 19.8 | 14.7 | -1.3% |
| Taiwan (Chinese) | 9.0 | 7.3 | 8.6 | 6.8 | -8.9% |
| Germany | 3.0 | 3.0 | 4.2 | 5.5 | 22.4% |
| France | 1.1 | 1.9 | 2.3 | 2.3 | 27.9% |
| Indonesia | 1.4 | 1.6 | 2.0 | 1.4 | 0.0% |
| Vietnam | 2.3 | 2.0 | 1.5 | 1.4 | -15.3% |
| Others | 2.7 | 2.3 | 3.6 | 2.0 | -9.5% |
| Total | 59.5 | 57.3 | 75.3 | 63.2 | 2.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to China in 2022:
- South Korea (11.8K tons)
- Japan (4.9K tons)
- Taiwan (Chinese) (3.1K tons)
- Germany (1.7K tons)
- France (1.3K tons)
- Vietnam (1.2K tons)
- Indonesia (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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