Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic - 2023

Contents:

1. Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic (FOB) - 2023
2. Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic (CIF) - 2023
3. Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic
4. Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic

Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic (FOB) - 2023

In October 2023, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $17,603 per ton, increasing by 8.6% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices hit record highs at $19,875 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($35,793 per ton), while the average price for exports to the United States ($4,720 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic (CIF) - 2023

In October 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $11,384 per ton, shrinking by -4.6% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 27% against the previous month. As a result, import price attained the peak level of $13,506 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($13,058 per ton), while the price for Taiwan (Chinese) ($3,364 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic

In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from the Czech Republic rose significantly to 1.5K tons, with an increase of 14% against the previous year's figure. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses rose rapidly to $24M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from the Czech Republic in 2022:

1. Germany (397.2 tons)
2. United States (249.4 tons)
3. Hungary (126.8 tons)
4. Poland (98.8 tons)
5. Netherlands (82.4 tons)
6. Italy (72.1 tons)
7. Slovakia (70.2 tons)
8. Austria (69.3 tons)
9. France (61.7 tons)
10. United Kingdom (43.3 tons)
11. China (39.1 tons)
12. Turkey (23.4 tons)
13. Belgium (10.8 tons)

Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the Czech Republic

In 2022, overseas purchases of iron or steel; non-threaded cotters and cotter-pinses were finally on the rise to reach 1.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt setback.

In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses rose to $18M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to the Czech Republic in 2022:

1. United States (820.6 tons)
2. Germany (296.3 tons)
3. China (145.2 tons)
4. Spain (88.9 tons)
5. Netherlands (59.1 tons)
6. Austria (48.9 tons)
7. Italy (46.1 tons)
8. Japan (38.2 tons)
9. India (30.9 tons)
10. Poland (30.7 tons)
11. France (26.3 tons)

Source: IndexBox Market Intelligence Platform