Price for Steel Alloy Wire of Silico-Manganese Steel in Denmark - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Denmark (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Denmark (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Denmark
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Denmark
Price for Steel Alloy Wire of Silico-Manganese Steel in Denmark (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $2,617 per ton in December 2023, growing by 37% against the previous month. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $2,953 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($2,836 per ton), while the price for the Czech Republic totaled $2,608 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Denmark (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $5,098 per ton in 2022, rising by 24% against the previous year. In general, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($5,872 per ton), while the average price for exports to China ($2,497 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 China (+89.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Denmark
Imports of steel alloy wire of silico-manganese steels into Denmark fell notably to 1.9K tons in 2022, waning by -35.3% compared with the previous year. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of 2.9K tons, and then reduced markedly in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels fell notably to $3.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.9% 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 +22.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports reached the peak of $4.7M, and then contracted dramatically in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2,691 | 2,365 | 2,567 | 3,308 | 7.1% |
| Italy | N/A | 0.3 | 99.4 | 92.1 | 1652.1% |
| Sweden | 7.2 | 500 | 1,710 | 77.4 | 120.7% |
| Vietnam | 86.5 | 66.5 | 143 | 10.1 | -51.1% |
| Others | 113 | 106 | 219 | 49.4 | -24.1% |
| Total | 2,898 | 3,037 | 4,738 | 3,537 | 6.9% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Denmark in 2022:
- Czech Republic (1786.7 tons)
- Italy (50.7 tons)
- Sweden (34.6 tons)
- Vietnam (4.9 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Denmark
After three years of growth, overseas shipments of steel alloy wire of silico-manganese steels decreased by -73.3% to 20 tons in 2022. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 57%.
In value terms, exports of steel alloy wire of silico-manganese steels reduced dramatically to $101K in 2022. Over the period under review, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 75%. As a result, the exports reached the peak of $306K, and then reduced notably in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 77.4 | 88.8 | 221 | 91.5 | 5.7% |
| Latvia | 31.4 | 80.3 | 82.2 | 7.2 | -38.8% |
| China | N/A | N/A | 3.4 | 2.1 | -38.2% |
| Others | 0.3 | 5.7 | 0.1 | 0.5 | 18.6% |
| Total | 109 | 175 | 306 | 101 | -2.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Denmark in 2022:
- Ukraine (17.6 tons)
- Latvia (1.2 tons)
- China (0.9 tons)
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