Price for Wire of Other Alloy Steel in Brazil - 2024
Contents:
- Price for Wire of Other Alloy Steel in Brazil (CIF) - 2024
- Price for Wire of Other Alloy Steel in Brazil (FOB) - 2024
- Imports of Wire of Other Alloy Steel in Brazil
- Exports of Wire of Other Alloy Steel in Brazil
Price for Wire of Other Alloy Steel in Brazil (CIF) - 2024
The average import price for wire of other alloy steels stood at $1,226 per ton in August 2023, dropping by -1.6% against the previous month. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in February 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $1,569 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat 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 ($3,280 per ton), while the price for Hong Kong SAR ($913 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Brazil (FOB) - 2024
In August 2023, the average export price for wire of other alloy steels amounted to $1,675 per ton, picking up by 16% against the previous month. Over the period from January 2023 to August 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in February 2023 an increase of 26% against the previous month. As a result, the export price reached the peak level of $1,848 per ton. From March 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($5,405 per ton), while the average price for exports to Argentina ($1,150 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Brazil
In 2022, approx. 63K tons of wire of other alloy steels were imported into Brazil; which is down by -11.8% on the previous year's figure. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year. As a result, imports attained the peak of 72K tons, and then shrank in the following year.
In value terms, wire of other alloy steel imports declined modestly to $116M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 183%. As a result, imports attained the peak of $117M, and then shrank slightly in the following year.
| Import of Wire of Other Alloy Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.7 | 21.9 | 78.4 | 72.2 | 33.0% |
| Argentina | 8.9 | 4.5 | 9.6 | 11.7 | 9.5% |
| Japan | 4.8 | 3.7 | 7.8 | 8.4 | 20.5% |
| South Korea | 5.6 | 3.7 | 5.9 | 4.7 | -5.7% |
| Czech Republic | 1.0 | 1.5 | 2.2 | 3.8 | 56.0% |
| Vietnam | 0.5 | 0.4 | 3.0 | 2.8 | 77.6% |
| France | 0.2 | N/A | 0.4 | 2.6 | 135.1% |
| Hong Kong SAR | 0.4 | 0.1 | 0.3 | 2.3 | 79.2% |
| Others | 10.5 | 5.5 | 9.8 | 7.4 | -11.0% |
| Total | 62.7 | 41.5 | 117 | 116 | 22.8% |
Top Suppliers of Wire of Other Alloy Steel to Brazil in 2022:
- China (44.6K tons)
- Argentina (6.0K tons)
- Japan (2.8K tons)
- Czech Republic (1.7K tons)
- Vietnam (1.7K tons)
- South Korea (1.6K tons)
- Hong Kong SAR (1.6K tons)
- France (1.0K tons)
Exports of Wire of Other Alloy Steel in Brazil
In 2022, exports of wire of other alloy steels from Brazil surged to 7.3K tons, picking up by 18% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, wire of other alloy steel exports soared to $13M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Wire of Other Alloy Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 4.3 | 3.1 | 4.2 | 5.6 | 9.2% |
| Japan | N/A | 1.0 | 2.6 | 3.4 | 84.4% |
| Colombia | 0.7 | 0.9 | 1.4 | 1.8 | 37.0% |
| Mexico | N/A | 0.2 | N/A | 0.6 | 73.2% |
| Others | 0.3 | 0.5 | 0.3 | 1.2 | 58.7% |
| Total | 5.4 | 5.7 | 8.5 | 12.6 | 32.6% |
Top Export Markets for Wire of Other Alloy Steel from Brazil in 2022:
- Argentina (3.9K tons)
- Japan (2.5K tons)
- Mexico (0.4K tons)
- Colombia (0.1K tons)
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