Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (CIF) - 2022
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,774 per ton in March 2022, with an increase of 2.7% against the previous month. Overall, import price indicated a slight increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for steel alloy wire of materials other than silico-manganese steels decreased by -3.5% against January 2022 indices. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 89% m-o-m. As a result, import price reached the peak level of $3,002 per ton. From September 2021 to March 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Japan ($2,026 per ton) and Malaysia ($1,812 per ton), while the price for Vietnam ($1,458 per ton) and South Korea ($1,521 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $3,084 per ton in March 2022, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 5.6% against the previous month. As a result, the export price attained the peak level of $3,217 per ton. From August 2021 to March 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In March 2022, the highest price was recorded for prices to Japan ($3,258 per ton) and China ($3,229 per ton), while the average price for exports to the United States ($2,823 per ton) and Mexico ($2,981 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia
In 2022, approx. 29K tons of steel alloy wire of materials other than silico-manganese steels were imported into Indonesia; falling by -4.1% against the previous year's figure. Over the period under review, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% 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 +93.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of 30K tons, and then contracted in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels fell to $49M in 2022. Overall, imports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2021 with an increase of 119%. As a result, imports attained the peak of $53M, and then declined in the following year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.8 | 10.1 | 19.3 | 13.4 | -12.2% |
| South Korea | 11.7 | 5.5 | 15.8 | 12.2 | 1.4% |
| Malaysia | 5.8 | 4.1 | 6.7 | 8.6 | 14.0% |
| Taiwan (Chinese) | 0.8 | 1.0 | 2.5 | 5.5 | 90.1% |
| China | 3.7 | 2.6 | 6.1 | 5.2 | 12.0% |
| Thailand | 1.2 | 0.5 | 2.0 | 2.4 | 26.0% |
| Vietnam | 0.6 | 0.4 | 0.6 | 0.6 | 0.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.7 | 32.6% |
| Total | 43.8 | 24.3 | 53.3 | 48.6 | 3.5% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Indonesia in 2022:
- Japan (7.7K tons)
- South Korea (7.6K tons)
- Malaysia (4.7K tons)
- China (3.5K tons)
- Taiwan (Chinese) (3.3K tons)
- Thailand (1.4K tons)
- Vietnam (0.4K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia
In 2022, shipments abroad of steel alloy wire of materials other than silico-manganese steels decreased by -3.8% to 6.8K 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 +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of 7K tons, and then declined slightly in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels fell to $20M in 2022. The total export value increased at an average annual rate of +9.2% over the period 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%. As a result, the exports reached the peak of $21M, and then fell in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 5.2 | 6.0 | 4.5 | -3.5% |
| China | 1.8 | 3.1 | 4.9 | 4.3 | 33.7% |
| India | 2.0 | 2.2 | 3.4 | 4.0 | 26.0% |
| Thailand | 2.7 | 2.5 | 3.9 | 4.0 | 14.0% |
| Mexico | 1.3 | 1.1 | 0.8 | 1.6 | 7.2% |
| Malaysia | 0.8 | 0.6 | 1.0 | 0.8 | 0.0% |
| Japan | 1.7 | 1.1 | 1.0 | 0.5 | -33.5% |
| Others | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Total | 15.4 | 15.9 | 21.3 | 20.0 | 9.1% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Indonesia in 2022:
- India (1490.1 tons)
- China (1454.7 tons)
- United States (1429.0 tons)
- Thailand (1327.3 tons)
- Mexico (484.5 tons)
- Malaysia (265.2 tons)
- Japan (152.2 tons)
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