Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (CIF) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (CIF) - 2024
In August 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $676 per ton, shrinking by -4% against the previous month. In general, the import price showed a slight reduction. The growth pace was the most rapid in July 2023 an increase of 2.6% against the previous month. Over the period under review, average import prices hit record highs at $765 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Moldova ($697 per ton), while the price for Italy totaled $656 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Moldova (-1.8%).
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $714 per ton, declining by -18.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,317 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($1,704 per ton), while the average price for exports to Italy ($618 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 Montenegro (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
In 2022, approx. 11K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Serbia; leveling off at the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 +60.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted to $8.2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +69.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $8.5M, and then reduced in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.9 | 4.8 | 8.5 | 4.2 | -10.7% |
| Moldova | N/A | N/A | N/A | 2.5 | 0% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 1.3 | 0% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 4.8 | 8.5 | 8.2 | 11.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Serbia in 2022:
- Italy (6.6K tons)
- Moldova (3.1K tons)
- Bosnia and Herzegovina (1.4K tons)
- Turkey (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Serbia surged to 91 tons in 2022, picking up by 29% compared with 2021. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 297%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $65K in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 308% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 19.7 | 6.4 | 37.9 | 35.7 | 21.9% |
| Bosnia and Herzegovina | 5.1 | 8.1 | 17.9 | 21.7 | 62.0% |
| Montenegro | N/A | 0.7 | 0.3 | 6.6 | 207.1% |
| Croatia | 0.2 | N/A | 5.3 | N/A | 414.8% |
| North Macedonia | 13.4 | N/A | N/A | N/A | 0% |
| Others | 1.8 | N/A | 0.3 | 0.9 | -20.6% |
| Total | 40.2 | 15.1 | 61.8 | 64.8 | 17.3% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Serbia in 2022:
- Italy (57.7 tons)
- Bosnia and Herzegovina (29.1 tons)
- Montenegro (3.9 tons)
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