Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,029 per ton, which is down by -3.9% against the previous month. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 6.4% month-to-month. As a result, import price attained the peak level of $1,346 per ton. From July 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 South Korea ($2,106 per ton), while the price for China ($836 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 France (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (FOB) - 2024
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $775 per ton in January 2024, surging by 5.2% against the previous month. Over the period under review, the export price, however, recorded a mild downturn. The pace of growth appeared the most rapid in April 2023 an increase of 17% month-to-month. As a result, the export price attained the peak level of $981 per ton. From May 2023 to January 2024, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In January 2024, the country with the highest price was France ($828 per ton), while the average price for exports to Portugal amounted to $720 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.8%).
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into Spain surged to 41K tons, rising by 19% compared with 2021 figures. Overall, imports, however, showed a noticeable descent.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds surged to $57M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 14.0 | 11.2 | 18.0 | 28.1 | 26.1% |
| Germany | 11.9 | 6.8 | 2.3 | 4.5 | -27.7% |
| France | 2.3 | 2.2 | 4.5 | 4.4 | 24.1% |
| China | 1.6 | 1.8 | 3.0 | 3.2 | 26.0% |
| Turkey | 1.5 | 0.4 | 1.1 | 3.1 | 27.4% |
| Italy | 2.2 | 1.0 | 2.3 | 2.4 | 2.9% |
| Egypt | 3.0 | 2.6 | 4.4 | 1.8 | -15.7% |
| Austria | 1.2 | 1.0 | 1.0 | 1.5 | 7.7% |
| South Korea | 3.7 | 1.4 | 1.6 | 1.5 | -26.0% |
| Luxembourg | 3.0 | 0.2 | N/A | N/A | -93.3% |
| Others | 5.1 | 3.3 | 4.7 | 6.9 | 10.6% |
| Total | 49.5 | 32.0 | 42.9 | 57.4 | 5.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Spain in 2022:
- Portugal (21.3K tons)
- Germany (3.5K tons)
- France (3.3K tons)
- Turkey (2.6K tons)
- China (2.5K tons)
- Egypt (1.5K tons)
- Italy (1.3K tons)
- Austria (0.8K tons)
- South Korea (0.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain
For the third year in a row, Spain recorded decline in shipments abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -25.1% to 15K tons in 2022. Overall, exports continue to indicate a sharp descent. The smallest decline of -10.3% was in 2021.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined to $17M in 2022. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 36%.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 35.0 | 10.9 | 17.0 | 15.3 | -24.1% |
| Portugal | 5.8 | 0.6 | 1.2 | 1.0 | -44.3% |
| Barbados | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Morocco | 3.0 | N/A | N/A | 0.4 | -48.9% |
| Germany | 6.3 | N/A | N/A | N/A | 0% |
| United Kingdom | 7.6 | N/A | N/A | N/A | 0% |
| Mexico | 3.0 | 0.1 | N/A | N/A | -96.7% |
| United States | 2.5 | N/A | N/A | N/A | 0% |
| Others | 19.5 | 2.2 | 0.5 | 0.1 | -82.8% |
| Total | 82.8 | 14.0 | 19.0 | 17.4 | -40.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Spain in 2022:
- France (13.6K tons)
- Portugal (0.8K tons)
- Barbados (0.6K tons)
- Morocco (0.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Spain.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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