Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $836 per ton, with an increase of 4.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.9% m-o-m. Over the period under review, the average export prices reached the maximum at $911 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In January 2024, the countries with the highest prices were Serbia ($735 per ton) and Bosnia and Herzegovina ($721 per ton), while the average price for exports to Switzerland ($691 per ton) and Montenegro ($705 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,651 per ton in January 2024, waning by -9.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 21% against the previous month. As a result, import price reached the peak level of $1,824 per ton, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,520 per ton), while the price for Turkey ($866 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Portugal (+8.5%), 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 Italy
For the fourth consecutive year, Italy recorded growth in overseas shipments of iron or non-alloy steel wire, not plated or coateds, which increased by 16% to 745K tons in 2022. The total export volume increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 soared to $826M in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 97.6 | 106 | 166 | 264 | 39.3% |
| Germany | 80.7 | 77.4 | 135 | 173 | 28.9% |
| France | 45.0 | 47.5 | 92.4 | 125 | 40.6% |
| Austria | 19.7 | 16.7 | 42.2 | 57.4 | 42.8% |
| Netherlands | 2.1 | 2.1 | 5.4 | 21.5 | 117.1% |
| Hungary | 9.7 | 10.2 | 22.4 | 21.2 | 29.8% |
| Poland | 8.8 | 7.6 | 22.0 | 20.9 | 33.4% |
| Belgium | 0.9 | 1.4 | 13.1 | 20.5 | 183.5% |
| Croatia | 8.4 | 8.2 | 14.5 | 19.0 | 31.3% |
| Czech Republic | 8.8 | 8.1 | 14.5 | 16.9 | 24.3% |
| Malta | 4.5 | 7.0 | 10.9 | 9.3 | 27.4% |
| Others | 48.0 | 44.3 | 63.7 | 78.2 | 17.7% |
| Total | 334 | 336 | 602 | 826 | 35.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Italy in 2022:
- Switzerland (256.1K tons)
- Germany (146.9K tons)
- France (111.6K tons)
- Austria (54.5K tons)
- Hungary (19.3K tons)
- Belgium (19.0K tons)
- Poland (18.7K tons)
- Croatia (18.5K tons)
- Netherlands (18.4K tons)
- Czech Republic (12.3K tons)
- Malta (9.6K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into Italy contracted to 29K tons, falling by -12.3% on the previous year's figure. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 27%.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds expanded rapidly to $53M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +70.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.3 | 6.9 | 9.6 | 11.1 | 6.1% |
| Austria | 6.2 | 4.5 | 7.2 | 6.9 | 3.6% |
| South Korea | 3.7 | 3.3 | 5.3 | 6.5 | 20.7% |
| France | 2.8 | 2.5 | 4.5 | 4.6 | 18.0% |
| Spain | 4.4 | 2.9 | 5.2 | 4.6 | 1.5% |
| Belgium | 0.4 | 0.3 | 0.9 | 3.2 | 100.0% |
| Romania | 2.5 | 2.2 | 2.4 | 2.6 | 1.3% |
| China | 0.7 | 0.9 | 1.3 | 2.4 | 50.8% |
| Portugal | 2.1 | 1.6 | 1.6 | 1.9 | -3.3% |
| Slovakia | 1.4 | 1.2 | 1.1 | 1.9 | 10.7% |
| Taiwan (Chinese) | 1.0 | 1.0 | 2.1 | 1.2 | 6.3% |
| Ukraine | 0.3 | 0.2 | 1.1 | 1.1 | 54.2% |
| Albania | N/A | N/A | 1.1 | 0.6 | -45.5% |
| Others | 4.9 | 3.6 | 4.2 | 4.3 | -4.3% |
| Total | 39.5 | 31.1 | 47.6 | 52.9 | 10.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Italy in 2022:
- Germany (5.9K tons)
- Austria (3.2K tons)
- South Korea (3.2K tons)
- Spain (3.0K tons)
- France (2.6K tons)
- Romania (1.9K tons)
- China (1.3K tons)
- Portugal (1.1K tons)
- Belgium (1.0K tons)
- Taiwan (Chinese) (0.7K tons)
- Slovakia (0.7K tons)
- Ukraine (0.6K tons)
- Albania (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Italy.
460
This report provides an in-depth analysis of the market for iron and steel wire in Italy.
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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.
651
This report provides an in-depth analysis of the market for iron and steel wire in Italy.
460
This report provides an in-depth analysis of the market for iron and steel wire in Italy.
1934
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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