Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,585 per ton, increasing by 4.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 153% against the previous month. As a result, import price attained the peak level of $4,333 per ton. From May 2023 to January 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Slovakia ($1,803 per ton) and the Czech Republic ($1,558 per ton), while the price for China ($1,337 per ton) and Italy ($1,443 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Slovakia (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,574 per ton in 2022, picking up by 24% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($2,119 per ton), while the average price for exports to Syrian Arab Republic ($979 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 the UK (+4.0%), 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 Turkey
In 2022, approx. 63K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Turkey; picking up by 4.9% against the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +68.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses skyrocketed to $119M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 103% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 9.2 | 24.3 | 40.6 | 39.4% |
| Slovakia | 7.4 | 9.6 | 22.8 | 32.7 | 64.1% |
| South Korea | 12.2 | 10.6 | 17.3 | 23.8 | 25.0% |
| Italy | 3.1 | 2.6 | 5.1 | 5.7 | 22.5% |
| Spain | 2.5 | 2.8 | 4.3 | 5.5 | 30.1% |
| Czech Republic | 1.4 | 1.5 | 3.2 | 5.2 | 54.9% |
| Belarus | 6.8 | 7.0 | 12.0 | 3.3 | -21.4% |
| Others | 2.5 | 1.5 | 2.1 | 2.6 | 1.3% |
| Total | 50.9 | 44.9 | 91.1 | 119 | 32.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Turkey in 2022:
- China (20.8K tons)
- Slovakia (18.0K tons)
- South Korea (11.4K tons)
- Spain (3.7K tons)
- Italy (3.4K tons)
- Czech Republic (2.6K tons)
- Belarus (2.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Turkey
In 2022, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Turkey expanded significantly to 4.7K tons, picking up by 5.9% on 2021. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses skyrocketed to $7.4M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2020 indices. 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, Plated or Coated with Non-Zinc Base Metals in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 408 | 527 | 1,161 | 1,522 | 55.1% |
| Italy | 779 | 487 | 735 | 1,075 | 11.3% |
| Egypt | 178 | 366 | 691 | 888 | 70.9% |
| Spain | 858 | 1,163 | 648 | 754 | -4.2% |
| Portugal | 226 | 0.8 | 20.9 | 667 | 43.4% |
| Poland | 16.4 | 11.7 | 104 | 296 | 162.3% |
| Sudan | 25.8 | 3.1 | 86.5 | 289 | 123.7% |
| Iraq | 50.9 | 203 | 68.1 | 184 | 53.5% |
| Germany | N/A | N/A | 8.4 | 163 | 1840.5% |
| South Africa | 38.3 | 101 | 59.2 | 153 | 58.7% |
| United Kingdom | 33.5 | N/A | 57.0 | 147 | 63.7% |
| United States | N/A | N/A | N/A | 141 | 0% |
| Syrian Arab Republic | 0.9 | 0.9 | 6.5 | 82.1 | 350.2% |
| Others | 2,663 | 2,008 | 1,968 | 1,019 | -27.4% |
| Total | 5,278 | 4,871 | 5,613 | 7,381 | 11.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Turkey in 2022:
- Azerbaijan (1301.1 tons)
- Italy (580.7 tons)
- Egypt (442.0 tons)
- Spain (388.0 tons)
- Portugal (314.6 tons)
- Sudan (255.5 tons)
- Poland (196.4 tons)
- Iraq (164.0 tons)
- South Africa (128.2 tons)
- Germany (95.8 tons)
- United Kingdom (87.3 tons)
- Syrian Arab Republic (83.8 tons)
- United States (83.7 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
280
This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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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