Price for Wire of Other Alloy Steel in Portugal - 2023
Contents:
- Price for Wire of Other Alloy Steel in Portugal (CIF) - 2022
- Price for Wire of Other Alloy Steel in Portugal (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Portugal
- Exports of Wire of Other Alloy Steel in Portugal
Price for Wire of Other Alloy Steel in Portugal (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,488 per ton in 2022, picking up by 8.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 37%. The import price peaked at $1,625 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2,007 per ton), while the price for Russia ($1,110 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Portugal (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,240 per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43%. The export price peaked at $2,564 per ton in 2015; however, from 2016 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 France ($3,322 per ton), while the average price for exports to Cabo Verde ($911 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 the Netherlands (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Portugal
Wire of other alloy steel imports into Portugal was estimated at 22K tons in 2022, picking up by 15% compared with 2021 figures. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 147% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, wire of other alloy steel imports soared to $33M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Wire of Other Alloy Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.5 | 7.5 | 13.4 | 16.4 | 53.9% |
| Spain | 0.6 | 5.1 | 5.2 | 5.3 | 106.7% |
| Italy | 1.7 | 1.9 | 2.9 | 3.6 | 28.4% |
| France | 3.4 | 1.9 | 1.9 | 2.6 | -8.6% |
| Russia | N/A | N/A | 0.4 | 1.6 | 300.0% |
| Netherlands | 0.7 | 0.4 | 0.9 | 0.6 | -5.0% |
| China | 0.3 | 0.6 | 0.7 | 0.4 | 10.1% |
| Others | 0.7 | 0.7 | 0.7 | 1.9 | 39.5% |
| Total | 11.9 | 18.1 | 26.2 | 32.5 | 39.8% |
Top Suppliers of Wire of Other Alloy Steel to Portugal in 2022:
- Turkey (12.9K tons)
- Spain (3.0K tons)
- Italy (2.0K tons)
- Russia (1.4K tons)
- France (1.3K tons)
- Netherlands (0.4K tons)
- China (0.2K tons)
Exports of Wire of Other Alloy Steel in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of wire of other alloy steels, which increased by 12% to 2.1K tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 320% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel exports expanded sharply to $2.6M in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 219% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Wire of Other Alloy Steel in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 268 | 1,104 | 1,509 | 1,424 | 74.5% |
| Cabo Verde | N/A | 0.4 | 705 | 1,146 | 5252.6% |
| Others | 92.6 | 47.6 | 106 | 52.3 | -17.3% |
| Total | 361 | 1,152 | 2,320 | 2,622 | 93.7% |
Top Export Markets for Wire of Other Alloy Steel from Portugal in 2022:
- Cabo Verde (1257.7 tons)
- Spain (847.0 tons)
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