Price for Wire of Other Alloy Steel in Indonesia - 2022
Contents:
- Price for Wire of Other Alloy Steel in Indonesia (CIF) - 2022
- Price for Wire of Other Alloy Steel in Indonesia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Indonesia
- Exports of Wire of Other Alloy Steel in Indonesia
Price for Wire of Other Alloy Steel in Indonesia (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,712 per ton in March 2022, picking up by 3.8% against the previous month. Over the period under review, import price indicated a modest increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, wire of other alloy steel import price increased by +3.8% against December 2021 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 89% m-o-m. As a result, import price reached the peak level of $2,858 per ton. From September 2021 to March 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Japan ($2,026 per ton) and Thailand ($1,709 per ton), while the price for China ($1,413 per ton) and Vietnam ($1,462 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Indonesia (FOB) - 2022
In March 2022, the average export price for wire of other alloy steels amounted to $3,084 per ton, approximately mirroring the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 5.6% m-o-m. As a result, the export price attained the peak level of $3,217 per ton. From August 2021 to March 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In March 2022, the countries with the highest prices were Japan ($3,258 per ton) and China ($3,229 per ton), while the average price for exports to the United States ($2,823 per ton) and Mexico ($2,981 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Indonesia
In 2022, approx. 43K tons of wire of other alloy steels were imported into Indonesia; surging by 9.3% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 66%.
In value terms, wire of other alloy steel imports reached $67M in 2022. Overall, imports saw a temperate increase. The pace of growth was the most pronounced in 2021 with an increase of 101%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wire of Other Alloy Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.8 | 10.1 | 19.3 | 13.4 | -12.2% |
| China | 12.3 | 7.6 | 11.5 | 13.1 | 2.1% |
| Malaysia | 9.2 | 5.5 | 8.8 | 12.7 | 11.3% |
| South Korea | 12.0 | 5.5 | 15.8 | 12.2 | 0.6% |
| Thailand | 6.4 | 1.7 | 5.1 | 7.7 | 6.4% |
| Taiwan (Chinese) | 0.8 | 1.0 | 2.5 | 5.5 | 90.1% |
| Vietnam | 1.9 | 0.7 | 1.4 | 1.8 | -1.8% |
| Others | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
| Total | 62.9 | 32.2 | 64.7 | 67.2 | 2.2% |
Top Suppliers of Wire of Other Alloy Steel to Indonesia in 2022:
- China (10.4K tons)
- Japan (7.8K tons)
- South Korea (7.6K tons)
- Malaysia (7.4K tons)
- Thailand (4.6K tons)
- Taiwan (Chinese) (3.3K tons)
- Vietnam (1.3K tons)
Exports of Wire of Other Alloy Steel in Indonesia
In 2022, shipments abroad of wire of other alloy steels decreased by -4% to 6.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of 7K tons, and then reduced in the following year.
In value terms, wire of other alloy steel exports contracted to $20M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $21M, and then declined in the following year.
| Export of Wire of Other Alloy Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 5.2 | 6.0 | 4.5 | -3.5% |
| China | 1.8 | 3.1 | 4.9 | 4.3 | 33.7% |
| India | 2.0 | 2.2 | 3.4 | 4.0 | 26.0% |
| Thailand | 2.7 | 2.5 | 3.9 | 4.0 | 14.0% |
| Mexico | 1.3 | 1.1 | 0.8 | 1.6 | 7.2% |
| Malaysia | 0.8 | 0.6 | 1.0 | 0.8 | 0.0% |
| Japan | 1.7 | 1.1 | 1.0 | 0.5 | -33.5% |
| Others | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Total | 15.6 | 15.9 | 21.3 | 20.0 | 8.6% |
Top Export Markets for Wire of Other Alloy Steel from Indonesia in 2022:
- India (1490.1 tons)
- China (1454.7 tons)
- United States (1429.0 tons)
- Thailand (1327.3 tons)
- Mexico (484.5 tons)
- Malaysia (265.2 tons)
- Japan (152.2 tons)
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