Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $918 per ton in January 2024, which is down by -1.8% against the previous month. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 16% m-o-m. As a result, import price attained the peak level of $1,216 per ton. From June 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,759 per ton), while the price for Italy ($748 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,232 per ton in 2022, with a decrease of -6.5% against the previous year. Overall, export price indicated a noticeable increase 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, export price for iron or non-alloy steel wire, not plated or coateds increased by +36.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46%. As a result, the export price attained the peak level of $1,317 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($3,938 per ton), while the average price for exports to the Czech Republic ($848 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 Slovenia (+16.9%), 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 Serbia
In 2022, approx. 17K tons of iron or non-alloy steel wire, not plated or coateds were imported into Serbia; increasing by 3.1% compared with 2021. Overall, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 7.6% against the previous year. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds totaled $20M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.0 | 1.5 | 3.8 | 5.8 | 42.6% |
| Bosnia and Herzegovina | 4.1 | 5.2 | 3.6 | 4.9 | 6.1% |
| Italy | 3.8 | 3.9 | 3.9 | 3.6 | -1.8% |
| North Macedonia | 0.6 | 0.8 | 1.3 | 2.3 | 56.5% |
| Greece | 2.3 | 2.0 | 3.1 | 1.7 | -9.6% |
| Czech Republic | 0.1 | 0.2 | 0.5 | 0.5 | 71.0% |
| China | 0.2 | 0.8 | 0.4 | N/A | 41.4% |
| Netherlands | 1.2 | 0.4 | 0.1 | N/A | -71.1% |
| Others | 2.0 | 1.0 | 0.6 | 0.7 | -29.5% |
| Total | 16.2 | 15.8 | 17.3 | 19.6 | 6.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Serbia in 2022:
- Bosnia and Herzegovina (5.5K tons)
- Turkey (4.4K tons)
- Italy (2.6K tons)
- North Macedonia (2.0K tons)
- Greece (1.3K tons)
- Czech Republic (0.4K tons)
- China (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Serbia
In 2022, overseas shipments of iron or non-alloy steel wire, not plated or coateds increased by 71% to 1.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $1.8M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 306 | 120 | 179 | 560 | 22.3% |
| Bosnia and Herzegovina | 185 | 400 | 369 | 402 | 29.5% |
| Hungary | 11.6 | 13.6 | 102 | 381 | 220.2% |
| Montenegro | 200 | 98.0 | 113 | 141 | -11.0% |
| Slovenia | 198 | 129 | 254 | 113 | -17.1% |
| North Macedonia | 39.4 | 31.0 | 38.4 | 27.5 | -11.3% |
| Austria | 0.3 | N/A | N/A | 26.0 | 342.5% |
| Czech Republic | N/A | N/A | N/A | 19.2 | 0% |
| Others | 36.6 | 56.5 | 46.5 | 95.9 | 37.9% |
| Total | 976 | 848 | 1,102 | 1,766 | 21.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Serbia in 2022:
- Croatia (561.7 tons)
- Bosnia and Herzegovina (311.0 tons)
- Hungary (309.6 tons)
- Montenegro (111.6 tons)
- Slovenia (28.7 tons)
- Austria (23.5 tons)
- Czech Republic (22.6 tons)
- North Macedonia (14.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Serbia.
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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 Serbia.
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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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