Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $989 per ton, increasing by 3.3% against the previous month. Over the period under review, the export price, however, saw a slight setback. Over the period under review, the average export prices attained the maximum at $1,242 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,817 per ton), while the average price for exports to the UK ($742 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,113 per ton, dropping by -20.7% against the previous month. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in September 2023 an increase of 24% m-o-m. As a result, import price attained the peak level of $1,811 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($3,508 per ton), while the price for Turkey ($891 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 Germany (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal
In 2022, overseas shipments of iron or non-alloy steel wire, not plated or coateds decreased by -2% to 82K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 7.6% against the previous year. As a result, the exports attained the peak of 84K tons, and then contracted modestly in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds soared to $111M in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 19.4 | 16.5 | 26.6 | 39.4 | 26.6% |
| Germany | 6.5 | 7.5 | 9.0 | 12.4 | 24.0% |
| United Kingdom | 7.5 | 6.4 | 8.2 | 9.0 | 6.3% |
| Poland | 3.5 | 4.1 | 7.6 | 8.2 | 32.8% |
| France | 2.9 | 3.3 | 5.5 | 8.0 | 40.2% |
| Mexico | N/A | 0.1 | 1.0 | 6.3 | 693.7% |
| Morocco | 2.9 | 3.0 | 6.2 | 5.4 | 23.0% |
| Canada | 1.8 | 0.9 | 3.6 | 3.2 | 21.1% |
| Italy | 2.6 | 2.0 | 1.6 | 2.1 | -6.9% |
| Belgium | 1.0 | 1.0 | 1.4 | 2.0 | 26.0% |
| Chile | 1.2 | 1.7 | 3.3 | 1.5 | 7.7% |
| Greece | 1.8 | 1.5 | 1.1 | 0.8 | -23.7% |
| Peru | 1.4 | 2.0 | 1.7 | 0.6 | -24.6% |
| Others | 7.3 | 6.8 | 15.6 | 11.6 | 16.7% |
| Total | 59.9 | 56.9 | 92.3 | 111 | 22.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Portugal in 2022:
- Spain (29.3K tons)
- Germany (9.3K tons)
- Poland (6.9K tons)
- United Kingdom (6.7K tons)
- France (6.3K tons)
- Morocco (3.8K tons)
- Mexico (3.0K tons)
- Canada (2.3K tons)
- Italy (1.8K tons)
- Belgium (1.3K tons)
- Chile (1.1K tons)
- Greece (0.7K tons)
- Peru (0.6K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal
After two years of decline, overseas purchases of iron or non-alloy steel wire, not plated or coateds increased by 24% to 23K tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds surged to $37M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +91.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.4 | 5.7 | 8.3 | 11.0 | 19.8% |
| Slovakia | 3.0 | 3.2 | 4.9 | 5.5 | 22.4% |
| Thailand | 1.5 | 2.3 | 2.9 | 4.3 | 42.1% |
| Turkey | 3.0 | 1.1 | 2.3 | 4.2 | 11.9% |
| Germany | 3.3 | 1.9 | 1.7 | 2.7 | -6.5% |
| Poland | 1.1 | 0.3 | 0.3 | 2.5 | 31.5% |
| Luxembourg | 1.9 | 1.2 | 1.2 | 2.3 | 6.6% |
| China | 0.9 | 0.7 | 0.5 | 1.4 | 15.9% |
| Italy | 1.3 | 0.9 | 1.2 | 1.3 | 0.0% |
| France | 1.8 | 0.3 | N/A | 0.6 | -30.7% |
| Others | 2.6 | 1.7 | 1.7 | 1.3 | -20.6% |
| Total | 26.8 | 19.4 | 25.1 | 37.1 | 11.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Portugal in 2022:
- Spain (7.8K tons)
- Turkey (3.6K tons)
- Slovakia (2.9K tons)
- Thailand (2.8K tons)
- Poland (1.2K tons)
- Luxembourg (1.2K tons)
- China (1.1K tons)
- Germany (1.0K tons)
- Italy (0.8K tons)
- France (0.4K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Portugal.
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This report provides an in-depth analysis of the market for iron and steel wire in Portugal.
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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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