Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,059 per ton, growing by 21% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +99.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 65%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 ($1,550 per ton), while the price for Latvia ($724 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.4%), 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 Estonia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $2,111 per ton, rising by 41% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2014 when the average export price increased by 57% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($7,123 per ton), while the average price for exports to Sweden ($1,313 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 Russia (+17.6%), 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 Estonia
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into Estonia reduced rapidly to 25K tons, waning by -41.1% against the previous year. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 42K tons, and then dropped significantly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds shrank significantly to $26M in 2022. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 128% against the previous year. As a result, imports reached the peak of $37M, and then reduced sharply in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.9 | 1.3 | 10.1 | 15.4 | 157.7% |
| Belarus | 14.4 | 8.8 | 20.7 | 5.1 | -29.2% |
| Lithuania | 0.9 | 4.5 | 3.0 | 2.3 | 36.7% |
| Germany | 0.4 | 0.7 | 1.0 | 1.1 | 40.1% |
| Sweden | 0.3 | 0.2 | 0.6 | 0.7 | 32.6% |
| Others | 1.7 | 0.8 | 1.6 | 1.8 | 1.9% |
| Total | 18.6 | 16.2 | 37.0 | 26.4 | 12.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Estonia in 2022:
- Russia (15.3K tons)
- Belarus (5.7K tons)
- Lithuania (1.7K tons)
- Germany (0.7K tons)
- Sweden (0.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia
Exports of iron or non-alloy steel wire, not plated or coateds from Estonia fell markedly to 464 tons in 2022, with a decrease of -39.8% against 2021 figures. Overall, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 90%.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds reduced rapidly to $980K in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $1.2M, and then shrank markedly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 221 | 316 | 805 | 642 | 42.7% |
| Latvia | 92.4 | 24.9 | 106 | 203 | 30.0% |
| Lithuania | 775 | 204 | 208 | 110 | -47.8% |
| Sweden | 65.3 | 0.7 | N/A | 16.2 | -37.2% |
| Poland | N/A | N/A | 37.6 | 0.1 | -99.7% |
| Others | 0.2 | 60.3 | 0.2 | 9.6 | 263.4% |
| Total | 1,154 | 605 | 1,156 | 980 | -5.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Estonia in 2022:
- Finland (298.7 tons)
- Latvia (107.4 tons)
- Lithuania (42.9 tons)
- Sweden (12.4 tons)
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