Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,322 per ton in December 2023, with a decrease of -4.8% against the previous month. In general, the import price showed a slight descent. The pace of growth was the most pronounced in September 2023 an increase of 18% m-o-m. Over the period under review, average import prices attained the maximum at $1,542 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($2,500 per ton), while the price for France ($246 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+2.8%), 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 Zinc in the UK (FOB) - 2024
In December 2023, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,948 per ton, shrinking by -25.7% against the previous month. In general, the export price recorded a mild setback. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 36% m-o-m. The export price peaked at $4,431 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($3,956 per ton), while the average price for exports to Ireland ($1,776 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.9%), 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 Zinc in the UK
In 2022, approx. 58K tons of iron or non-alloy steel wire, plated or coated with zincs were imported into the UK; falling by -25.2% on 2021 figures. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of 78K tons, and then shrank rapidly in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs declined to $95M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +51.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports attained the peak of $101M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 3.7 | 8.5 | 13.6 | 14.9 | 59.1% |
| Czech Republic | 17.5 | 18.2 | 21.8 | 13.2 | -9.0% |
| Luxembourg | 10.7 | 7.4 | 10.3 | 12.7 | 5.9% |
| Turkey | 12.2 | 2.3 | 13.1 | 11.0 | -3.4% |
| South Africa | 8.0 | 5.3 | 6.0 | 8.7 | 2.8% |
| Spain | 2.5 | 2.8 | 12.2 | 6.5 | 37.5% |
| Netherlands | 4.7 | 4.3 | 4.7 | 6.4 | 10.8% |
| China | 1.6 | 3.9 | 4.5 | 4.8 | 44.2% |
| India | 1.1 | 0.6 | 3.5 | 3.8 | 51.2% |
| Germany | 2.5 | 2.2 | 1.8 | 3.1 | 7.4% |
| France | 2.1 | 2.4 | 2.9 | 2.9 | 11.4% |
| United Arab Emirates | 0.5 | 0.5 | 1.3 | 1.5 | 44.2% |
| Others | 3.6 | 4.8 | 5.6 | 6.0 | 18.6% |
| Total | 70.7 | 63.1 | 101 | 95.5 | 10.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to the UK in 2022:
- Slovakia (8.2K tons)
- Turkey (8.1K tons)
- Czech Republic (8.1K tons)
- Luxembourg (7.7K tons)
- South Africa (6.0K tons)
- Netherlands (4.5K tons)
- Spain (3.9K tons)
- China (2.7K tons)
- India (2.0K tons)
- France (1.4K tons)
- Germany (1.4K tons)
- United Arab Emirates (0.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK
In 2022, the amount of iron or non-alloy steel wire, plated or coated with zincs exported from the UK declined notably to 5K tons, which is down by -32.6% against the previous year's figure. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs fell dramatically to $12M in 2022. Overall, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports reached the peak of $15M, and then reduced rapidly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.7 | 0.2 | 8.3 | 5.3 | 96.4% |
| Canada | 2.7 | 2.2 | 2.2 | 1.8 | -12.6% |
| Ireland | 2.4 | 2.4 | 0.9 | 1.5 | -14.5% |
| Germany | 4.4 | 1.7 | 0.8 | 1.4 | -31.7% |
| France | 1.5 | 1.2 | 0.8 | 1.0 | -12.6% |
| Indonesia | 0.4 | 0.1 | 0.4 | 0.5 | 7.7% |
| Others | 1.3 | 1.6 | 1.2 | 0.7 | -18.6% |
| Total | 13.4 | 9.4 | 14.7 | 12.3 | -2.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from the UK in 2022:
- Netherlands (2482.8 tons)
- Germany (648.2 tons)
- Canada (518.6 tons)
- Ireland (424.6 tons)
- France (388.9 tons)
- Indonesia (225.4 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in the UK.
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