Price for Wire of Other Alloy Steel in Austria - 2023
Contents:
- Price for Wire of Other Alloy Steel in Austria (FOB) - 2023
- Price for Wire of Other Alloy Steel in Austria (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Austria
- Imports of Wire of Other Alloy Steel in Austria
Price for Wire of Other Alloy Steel in Austria (FOB) - 2023
In August 2023, the average export price for wire of other alloy steels amounted to $2,627 per ton, remaining stable against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 14% against the previous month. The export price peaked at $2,836 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($4,260 per ton), while the average price for exports to Liechtenstein ($1,531 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Austria (CIF) - 2023
The average import price for wire of other alloy steels stood at $5,507 per ton in August 2023, increasing by 55% against the previous month. Over the period under review, import price indicated a strong increase from October 2022 to August 2023: its price increased at an average monthly rate of +5.0% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, wire of other alloy steel import price decreased by -11.2% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 74% month-to-month. Over the period under review, average import prices hit record highs at $6,200 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($17,453 per ton), while the price for Serbia ($1,095 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Austria
In 2022, approx. 45K tons of wire of other alloy steels were exported from Austria; increasing by 8.1% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, wire of other alloy steel exports expanded to $116M in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 39.5 | 35.8 | 44.3 | 45.4 | 4.7% |
| Hungary | 11.4 | 7.5 | 8.1 | 10.0 | -4.3% |
| United States | 5.7 | 4.0 | 4.9 | 9.3 | 17.7% |
| Italy | 5.4 | 3.3 | 5.3 | 7.5 | 11.6% |
| Czech Republic | 5.2 | 4.5 | 6.9 | 6.8 | 9.4% |
| Switzerland | 5.7 | 4.8 | 9.4 | 6.2 | 2.8% |
| China | 4.7 | 5.7 | 5.9 | 4.5 | -1.4% |
| Liechtenstein | N/A | 0.3 | 3.2 | 4.4 | 283.0% |
| Spain | 1.8 | 1.8 | 2.4 | 3.6 | 26.0% |
| Poland | 2.6 | 2.7 | 3.8 | 3.4 | 9.4% |
| Slovenia | 1.4 | 1.5 | 3.5 | 2.4 | 19.7% |
| Brazil | 1.3 | 1.4 | 1.5 | 1.9 | 13.5% |
| Others | 12.2 | 8.7 | 11.7 | 10.8 | -4.0% |
| Total | 97.0 | 82.1 | 111 | 116 | 6.1% |
Top Export Markets for Wire of Other Alloy Steel from Austria in 2022:
- Germany (16.6K tons)
- Hungary (4.2K tons)
- United States (3.8K tons)
- Italy (2.8K tons)
- Liechtenstein (2.7K tons)
- Czech Republic (2.6K tons)
- China (2.1K tons)
- Switzerland (1.8K tons)
- Poland (1.7K tons)
- Spain (1.6K tons)
- Slovenia (0.9K tons)
- Brazil (0.7K tons)
Imports of Wire of Other Alloy Steel in Austria
In 2022, the amount of wire of other alloy steels imported into Austria rose remarkably to 19K tons, picking up by 12% against 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +81.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, wire of other alloy steel imports surged to $65M in 2022. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Wire of Other Alloy Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.6 | 14.5 | 25.8 | 35.0 | 28.2% |
| Italy | 12.4 | 7.8 | 12.8 | 12.9 | 1.3% |
| Czech Republic | 3.1 | 3.2 | 4.3 | 4.0 | 8.9% |
| Others | 5.4 | 2.7 | 8.4 | 12.9 | 33.7% |
| Total | 37.6 | 28.2 | 51.2 | 64.8 | 19.9% |
Top Suppliers of Wire of Other Alloy Steel to Austria in 2022:
- Germany (9.0K tons)
- Italy (6.8K tons)
- Czech Republic (1.9K tons)
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