Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia - 2024

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia (CIF) - 2022
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia
4. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia (CIF) - 2022

The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,047 per ton in 2022, picking up by 23% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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, plated or coated with non-zinc base metalses increased by +73.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($3,391 per ton), while the price for China ($1,392 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia (FOB) - 2022

The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,106 per ton in 2022, with an increase of 71% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $2,167 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($5,003 per ton), while the average price for exports to Finland ($1,665 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 (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by -29.6% to 1.1K tons. In general, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of 1.5K tons, and then reduced sharply in the following year.

In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reduced to $2.2M in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 98%. As a result, imports attained the peak of $2.6M, and then fell in the following year.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Estonia in 2022:

1. Poland (440.4 tons)
2. China (422.2 tons)
3. Italy (86.4 tons)
4. Germany (79.7 tons)
5. Finland (24.7 tons)

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Estonia

After three years of growth, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -36.3% to 459 tons in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 183% against the previous year.

In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $967K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Estonia in 2022:

1. Latvia (237.4 tons)
2. Finland (130.8 tons)
3. Lithuania (88.6 tons)
4. Russia (1.0 tons)

Source: IndexBox Market Intelligence Platform