Price for Wire of Other Alloy Steel in Pakistan - 2023
Contents:
- Price for Wire of Other Alloy Steel in Pakistan (CIF) - 2023
- Price for Wire of Other Alloy Steel in Pakistan (FOB) - 2023
- Imports of Wire of Other Alloy Steel in Pakistan
- Exports of Wire of Other Alloy Steel in Pakistan
Price for Wire of Other Alloy Steel in Pakistan (CIF) - 2023
The average import price for wire of other alloy steels stood at $1,039 per ton in February 2023, waning by -9.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 7% month-to-month. As a result, import price reached the peak level of $1,214 per ton. From November 2022 to February 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to February 2023, the rate of growth in terms of prices for South Korea amounted to +9.2% per month.
Price for Wire of Other Alloy Steel in Pakistan (FOB) - 2023
The average export price for wire of other alloy steels stood at $1,118 per ton in February 2023, shrinking by -8.3% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 13% month-to-month. As a result, the export price attained the peak level of $1,244 per ton. From January 2023 to February 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From June 2022 to February 2023, the rate of growth in terms of prices for Afghanistan amounted to +0.4% per month.
Imports of Wire of Other Alloy Steel in Pakistan
After three years of growth, supplies from abroad of wire of other alloy steels decreased by -31.6% to 4.5K tons in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 159% against the previous year. As a result, imports attained the peak of 6.6K tons, and then fell notably in the following year.
In value terms, wire of other alloy steel imports declined sharply to $4.5M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 159%. As a result, imports reached the peak of $6.5M, and then contracted dramatically in the following year.
| Import of Wire of Other Alloy Steel in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 2.2 | 5.8 | 4.2 | 37.9% |
| South Korea | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.2 | 0.6 | 0.1 | -20.6% |
| Total | 1.8 | 2.5 | 6.5 | 4.5 | 35.7% |
Top Suppliers of Wire of Other Alloy Steel to Pakistan in 2022:
- China (4.3K tons)
- South Korea (0.1K tons)
Exports of Wire of Other Alloy Steel in Pakistan
For the third consecutive year, Pakistan recorded growth in shipments abroad of wire of other alloy steels, which increased by 74% to 2.4K tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 5,007%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, wire of other alloy steel exports soared to $2.8M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 5,764% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Wire of Other Alloy Steel in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Afghanistan | N/A | 1.3 | 2.8 | 115.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | N/A | 1.3 | 2.8 | 115.4% | |
Top Export Markets for Wire of Other Alloy Steel from Pakistan in 2022:
- Afghanistan (2.4K tons)
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