Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine - 2023

Contents:

  1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (FOB) - 2023
  2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (CIF) - 2023
  3. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine
  4. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (FOB) - 2023

The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $924 per ton in December 2023, rising by 4% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 9.8% month-to-month. As a result, the export price reached the peak level of $1,080 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,574 per ton), while the average price for exports to Moldova ($839 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-0.4%), while the prices for the other major destinations experienced a decline.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (CIF) - 2023

In December 2023, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,964 per ton, dropping by -11.1% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 15% m-o-m. The import price peaked at $2,391 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat 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 Turkey ($2,746 per ton), while the price for China ($1,322 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine

In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -11.5% to 33K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 14%.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs stood at $39M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland8.810.120.820.532.6%
Moldova3.13.13.74.412.4%
Romania1.01.42.13.348.9%
Slovakia0.32.12.32.8110.5%
Hungary1.01.81.82.332.0%
Italy1.00.91.81.411.9%
Czech Republic0.60.50.71.122.4%
Belarus2.61.32.00.4-46.4%
Others4.42.83.22.5-17.2%
Total22.824.138.538.819.4%

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Ukraine in 2022:

  1. Poland (18.3K tons)
  2. Moldova (3.7K tons)
  3. Romania (2.7K tons)
  4. Slovakia (2.4K tons)
  5. Hungary (2.0K tons)
  6. Czech Republic (0.9K tons)
  7. Italy (0.7K tons)
  8. Belarus (0.3K tons)

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine

After three years of growth, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -28.7% to 3.1K tons in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs declined to $6.3M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +35.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports attained the peak of $7.2M, and then declined in the following year.

Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1,0411,1762,5823,15044.6%
Slovakia1,3541,5061,4921,249-2.7%
China27947357567734.4%
Poland1,0561,2201,352577-18.2%
Italy403756410297-9.7%
Czech Republic88.913827712010.5%
Turkey88.185.31831118.0%
Germany262178237100-27.5%
Others93.422911818.2-42.0%
Total4,6655,7617,2276,29810.5%

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Ukraine in 2022:

  1. Spain (1372.4 tons)
  2. Slovakia (599.6 tons)
  3. China (477.5 tons)
  4. Poland (289.3 tons)
  5. Italy (123.2 tons)
  6. Turkey (84.0 tons)
  7. Czech Republic (66.0 tons)
  8. Germany (42.5 tons)

Source: IndexBox Market Intelligence Platform

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