Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,160 per ton in 2022, dropping by -5.8% against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 28%. Over the period under review, average import prices reached the maximum at $1,676 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,648 per ton), while the price for Belarus ($920 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.5%), 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 Russia (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,254 per ton in 2022, with an increase of 48% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum at $3,993 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($7,697 per ton), while the average price for exports to Germany ($1,511 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 Bosnia and Herzegovina (+75.9%), 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 Russia
In 2022, approx. 45K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Russia; increasing by 9.5% against the previous year. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses totaled $52M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +51.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 25.1 | 20.8 | 30.1 | 23.2 | -2.6% |
| China | 12.5 | 8.8 | 13.4 | 15.0 | 6.3% |
| Vietnam | 1.3 | 1.8 | 2.1 | 2.9 | 30.7% |
| Slovakia | 0.1 | 0.3 | 1.1 | 2.3 | 184.4% |
| Poland | 0.1 | 0.1 | 0.2 | 2.2 | 180.2% |
| Turkey | 0.2 | 0.1 | 0.3 | 1.4 | 91.3% |
| Italy | 0.5 | 0.6 | 1.6 | 1.1 | 30.1% |
| Others | 1.7 | 1.9 | 1.6 | 4.0 | 33.0% |
| Total | 41.6 | 34.4 | 50.4 | 52.0 | 7.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Russia in 2022:
- Belarus (25.2K tons)
- China (11.2K tons)
- Vietnam (1.8K tons)
- Slovakia (1.8K tons)
- Poland (1.3K tons)
- Turkey (0.9K tons)
- Italy (0.8K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -50.6% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. As a result, the exports reached the peak of 2.2K tons, and then dropped dramatically in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reduced sharply to $2.5M in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 186%. As a result, the exports reached the peak of $3.4M, and then contracted remarkably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 55.3 | 10.1 | 221 | 796 | 143.3% |
| Germany | 107 | 112 | 114 | 409 | 56.4% |
| Azerbaijan | 38.6 | 22.1 | 95.1 | 342 | 106.9% |
| Netherlands | N/A | 89.9 | 400 | 201 | 49.5% |
| Belarus | 455 | 188 | 777 | 194 | -24.7% |
| Uzbekistan | 0.1 | 63.6 | 50.5 | 182 | 1120.9% |
| Italy | 0.8 | 15.1 | 252 | 115 | 423.8% |
| Kazakhstan | 145 | 148 | 474 | 60.5 | -25.3% |
| Bosnia and Herzegovina | N/A | 422 | 417 | N/A | -1.2% |
| Others | 341 | 104 | 555 | 154 | -23.3% |
| Total | 1,143 | 1,175 | 3,356 | 2,452 | 29.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Russia in 2022:
- Lithuania (402.5 tons)
- Germany (270.4 tons)
- Netherlands (117.6 tons)
- Belarus (77.0 tons)
- Uzbekistan (55.1 tons)
- Italy (52.0 tons)
- Azerbaijan (44.4 tons)
- Kazakhstan (24.2 tons)
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