Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,768 per ton in January 2024, standing approximately at the previous month. Overall, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 34% month-to-month. As a result, import price attained the peak level of $2,903 per ton. From March 2023 to January 2024, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From January 2023 to January 2024, the rate of growth in terms of prices for the Czech Republic amounted to +0.8% per month.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,973 per ton in 2022, increasing by 30% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices attained the maximum at $2,620 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,102 per ton), while the average price for exports to Russia amounted to $1,937 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland
Imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into Finland surged to 3.2K tons in 2022, picking up by 27% compared with 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $6.5M in 2022. Over the period under review, imports showed buoyant growth. 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, Plated or Coated with Non-Zinc Base Metals in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 112 | 109 | 408 | 2,351 | 175.9% |
| Italy | 1,508 | 639 | 1,708 | 1,177 | -7.9% |
| Slovakia | 573 | 435 | 1,104 | 1,174 | 27.0% |
| Vietnam | 116 | 44.9 | 68.5 | 649 | 77.5% |
| Netherlands | 1,443 | 1,330 | 185 | 281 | -42.0% |
| Czech Republic | 274 | 66.7 | 113 | 247 | -3.4% |
| Thailand | N/A | N/A | 111 | 163 | 46.8% |
| Sweden | 25.1 | 228 | 265 | 158 | 84.6% |
| Others | 538 | 396 | 382 | 315 | -16.3% |
| Total | 4,589 | 3,249 | 4,345 | 6,516 | 12.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Finland in 2022:
- China (1254.1 tons)
- Italy (610.9 tons)
- Slovakia (538.1 tons)
- Vietnam (296.8 tons)
- Netherlands (154.2 tons)
- Czech Republic (93.4 tons)
- Thailand (88.6 tons)
- Sweden (55.0 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -30.1% to 500 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. As a result, the exports reached the peak of 716 tons, and then declined markedly in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reduced to $987K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 169% against the previous year. As a result, the exports reached the peak of $1.1M, and then shrank in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 306 | 405 | 1,043 | 765 | 35.7% |
| United States | 68.5 | N/A | 6.6 | 222 | 48.0% |
| Others | 6.9 | 0.2 | 37.8 | 0.5 | -58.3% |
| Total | 381 | 405 | 1,087 | 987 | 37.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Finland in 2022:
- Russia (394.9 tons)
- United States (105.4 tons)
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