Price for Wire of Other Alloy Steel in Estonia - 2023
Contents:
- Price for Wire of Other Alloy Steel in Estonia (CIF) - 2023
- Price for Wire of Other Alloy Steel in Estonia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Estonia
- Exports of Wire of Other Alloy Steel in Estonia
Price for Wire of Other Alloy Steel in Estonia (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $1,604 per ton, shrinking by -40% against the previous month. In general, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 49% against the previous month. Over the period under review, average import prices attained the peak figure at $2,674 per ton in July 2023, and then contracted dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($2,907 per ton), while the price for China stood at $1,065 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Estonia (FOB) - 2022
The average export price for wire of other alloy steels stood at $5,526 per ton in 2022, increasing by 153% against the previous year. Overall, the export price continues to indicate a buoyant increase. Over the period under review, the average export prices hit record highs at $5,619 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($5,939 per ton), while the average price for exports to Russia ($2,154 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 Latvia (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Wire of Other Alloy Steel in Estonia
In 2022, imports of wire of other alloy steels into Estonia skyrocketed to 3.2K tons, with an increase of 43% on the previous year's figure. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel imports skyrocketed to $5.7M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wire of Other Alloy Steel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 18.3 | 233 | 1,062 | 2,263 | 398.2% |
| Russia | N/A | 237 | 288 | 1,038 | 109.3% |
| Turkey | 52.0 | 352 | 683 | 803 | 149.0% |
| China | 497 | 406 | 219 | 527 | 2.0% |
| Germany | 46.4 | 1,384 | 1,165 | 311 | 88.5% |
| Lithuania | 0.9 | 153 | 169 | 274 | 572.7% |
| Italy | 109 | 43.9 | 206 | 184 | 19.1% |
| Others | 1,962 | 471 | 433 | 309 | -46.0% |
| Total | 2,687 | 3,280 | 4,225 | 5,711 | 28.6% |
Top Suppliers of Wire of Other Alloy Steel to Estonia in 2022:
- Czech Republic (825.5 tons)
- Russia (817.7 tons)
- Turkey (714.9 tons)
- China (351.7 tons)
- Lithuania (143.8 tons)
- Germany (103.4 tons)
- Italy (102.5 tons)
Exports of Wire of Other Alloy Steel in Estonia
Wire of other alloy steel exports from Estonia surged to 469 tons in 2022, increasing by 435% on 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 469% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports skyrocketed to $2.6M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | N/A | N/A | N/A | 2,430 | 0% |
| Russia | 7.4 | 13.4 | 143 | 87.6 | 127.9% |
| Latvia | 4.3 | 10.1 | 30.9 | 57.8 | 137.8% |
| Others | 10.4 | 7.0 | 17.7 | 14.0 | 10.4% |
| Total | 22.1 | 30.4 | 191 | 2,589 | 389.3% |
Top Export Markets for Wire of Other Alloy Steel from Estonia in 2022:
- Armenia (409.1 tons)
- Russia (40.7 tons)
- Latvia (16.0 tons)
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