Price for Wire of Other Alloy Steel in Greece - 2023
Contents:
- Price for Wire of Other Alloy Steel in Greece (CIF) - 2022
- Price for Wire of Other Alloy Steel in Greece (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Greece
- Exports of Wire of Other Alloy Steel in Greece
Price for Wire of Other Alloy Steel in Greece (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,902 per ton in 2022, jumping by 20% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +71.6% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $2,446 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($8,777 per ton), while the price for North Macedonia ($1,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Greece (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,713 per ton, shrinking by -15.9% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 142% against the previous year. As a result, the export price attained the peak level of $2,146 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cyprus ($1,975 per ton) and Bulgaria ($1,699 per ton), while the average price for exports to Albania ($1,443 per ton) and Serbia ($1,453 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Greece
In 2022, overseas purchases of wire of other alloy steels decreased by -3.4% to 5.3K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 decreased by -20.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. As a result, imports attained the peak of 6.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wire of other alloy steel imports surged to $10M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Wire of Other Alloy Steel in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.6 | 1.8 | 2.8 | 3.3 | 27.3% |
| Turkey | 0.7 | 2.8 | 1.7 | 2.4 | 50.8% |
| North Macedonia | 1.1 | 1.2 | 1.7 | 2.3 | 27.9% |
| Austria | 0.3 | 0.4 | 0.8 | 0.9 | 44.2% |
| China | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Ukraine | 0.3 | 0.5 | 1.1 | 0.2 | -12.6% |
| Others | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
| Total | 5.0 | 7.4 | 8.7 | 10.1 | 26.4% |
Top Suppliers of Wire of Other Alloy Steel to Greece in 2022:
- Turkey (1689.2 tons)
- North Macedonia (1631.0 tons)
- Italy (1398.2 tons)
- China (240.9 tons)
- Ukraine (132.9 tons)
- Austria (104.4 tons)
Exports of Wire of Other Alloy Steel in Greece
In 2022, approx. 1K tons of wire of other alloy steels were exported from Greece; with an increase of 42% on 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel exports skyrocketed to $1.8M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 127% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Wire of Other Alloy Steel in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 237 | 192 | 400 | 506 | 28.8% |
| Albania | 52.4 | 68.7 | 174 | 314 | 81.6% |
| Bulgaria | 93.1 | 10.7 | 103 | 184 | 25.5% |
| North Macedonia | 47.3 | 87.4 | 93.1 | 180 | 56.1% |
| Kosovo | N/A | 8.6 | 4.0 | 135 | 296.2% |
| Cyprus | 71.6 | 36.9 | 84.7 | 125 | 20.4% |
| Netherlands | 53.4 | 65.9 | 298 | 107 | 26.1% |
| Bosnia and Herzegovina | 13.3 | 14.1 | 27.4 | 87.5 | 87.4% |
| Ukraine | 80.8 | N/A | N/A | N/A | 0% |
| Others | 190 | 177 | 317 | 150 | -7.6% |
| Total | 839 | 661 | 1,501 | 1,789 | 28.7% |
Top Export Markets for Wire of Other Alloy Steel from Greece in 2022:
- Serbia (348.3 tons)
- Albania (217.7 tons)
- North Macedonia (120.6 tons)
- Bulgaria (108.1 tons)
- Kosovo (86.1 tons)
- Cyprus (63.2 tons)
- Bosnia and Herzegovina (53.8 tons)
- Netherlands (14.9 tons)
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