Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,185 per ton in 2022, rising by 7.6% against the previous year. Over the period under review, the import price continues to indicate a slight increase. The pace of growth was the most pronounced in 2014 an increase of 123% against the previous year. As a result, import price reached the peak level of $2,325 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($1,201 per ton) and Thailand ($1,129 per ton), while the price for Malaysia ($1,039 per ton) and China ($1,115 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.9%), 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 Zinc in Singapore (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,412 per ton, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 an increase of 33%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.
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 Malaysia ($4,315 per ton), while the average price for exports to Indonesia ($1,339 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 Malaysia (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore
In 2022, after two years of decline, there was significant growth in overseas purchases of iron or non-alloy steel wire, plated or coated with zincs, when their volume increased by 131% to 11K tons. In general, imports continue to indicate strong growth. As a result, imports attained 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 zincs soared to $13M in 2022. Over the period under review, imports posted a prominent expansion. 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 Zinc in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 3.4 | 4.0 | 9.1 | 30.4% |
| Thailand | 1.1 | N/A | N/A | 1.5 | 10.9% |
| Malaysia | 0.7 | 0.7 | 0.7 | 1.4 | 26.0% |
| Indonesia | 1.9 | 2.0 | 0.1 | 0.2 | -52.8% |
| Others | 1.1 | 0.5 | 0.6 | 1.1 | 0.0% |
| Total | 8.9 | 6.6 | 5.3 | 13.2 | 14.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Singapore in 2022:
- China (8.2K tons)
- Malaysia (1.3K tons)
- Thailand (1.3K tons)
- Indonesia (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Singapore
Exports of iron or non-alloy steel wire, plated or coated with zincs from Singapore skyrocketed to 4.8K tons in 2022, jumping by 122% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs surged to $6.8M in 2022. Overall, exports showed a strong increase. 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 Zinc in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.9 | 3.6 | 2.4 | 6.1 | 16.1% |
| Malaysia | 0.2 | 0.2 | N/A | 0.3 | 14.5% |
| Thailand | N/A | 0.7 | 0.1 | 0.3 | -34.5% |
| Others | 0.7 | 0.1 | N/A | 0.1 | -47.7% |
| Total | 4.8 | 4.5 | 2.6 | 6.8 | 12.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Singapore in 2022:
- Indonesia (4.6K tons)
- Thailand (0.2K tons)
- Malaysia (0.1K tons)
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