Price for Wire of Other Alloy Steel in Russia - 2022
Contents:
- Price for Wire of Other Alloy Steel in Russia (FOB) - 2022
- Price for Wire of Other Alloy Steel in Russia (CIF) - 2022
- Exports of Wire of Other Alloy Steel in Russia
- Imports of Wire of Other Alloy Steel in Russia
Price for Wire of Other Alloy Steel in Russia (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $958 per ton, dropping by -6% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, the average export prices hit record highs at $1,571 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($1,094 per ton), while the average price for exports to Thailand ($602 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 Colombia (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Russia (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,160 per ton, waning by -13.2% against the previous year. Over the period under review, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34% against the previous year. The import price peaked at $1,363 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,862 per ton), while the price for China ($1,002 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Russia
In 2022, after three years of growth, there was significant decline in overseas shipments of wire of other alloy steels, when their volume decreased by -14.4% to 122K tons. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,236%.
In value terms, wire of other alloy steel exports reduced rapidly to $117M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,312%.
| Export of Wire of Other Alloy Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 30.0 | 62.5 | 49.0 | 27.8% |
| Thailand | N/A | N/A | N/A | 19.1 | 0% |
| Germany | 0.1 | 13.8 | 35.7 | 14.0 | 419.2% |
| Lithuania | N/A | 2.2 | 6.6 | 12.6 | 139.3% |
| Colombia | N/A | 0.4 | 1.1 | 3.8 | 208.2% |
| Czech Republic | N/A | 3.8 | 5.7 | 2.7 | -15.7% |
| France | N/A | N/A | 4.2 | 2.1 | -50.0% |
| Belarus | 2.8 | 2.1 | 3.9 | N/A | 18.0% |
| Others | 1.6 | 10.7 | 25.6 | 13.8 | 105.1% |
| Total | 4.5 | 63.0 | 145 | 117 | 196.2% |
Top Export Markets for Wire of Other Alloy Steel from Russia in 2022:
- Poland (46.4K tons)
- Thailand (31.7K tons)
- Germany (14.1K tons)
- Lithuania (11.6K tons)
- Colombia (3.4K tons)
- Czech Republic (2.6K tons)
- France (2.0K tons)
Imports of Wire of Other Alloy Steel in Russia
Wire of other alloy steel imports into Russia reduced modestly to 64K tons in 2022, standing approx. at the previous year's figure. In general, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 3%.
In value terms, wire of other alloy steel imports reduced to $75M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports reached the peak of $87M, and then fell in the following year.
| Import of Wire of Other Alloy Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.3 | 31.1 | 40.8 | 53.4 | 11.7% |
| Turkey | 5.0 | 3.2 | 3.0 | 6.9 | 11.3% |
| Vietnam | 1.9 | 1.3 | 2.2 | 2.7 | 12.4% |
| South Korea | 1.1 | 1.0 | 1.4 | 2.6 | 33.2% |
| Czech Republic | 9.4 | 8.3 | 12.3 | 1.7 | -43.4% |
| Italy | 2.4 | 1.8 | 2.9 | 0.8 | -30.7% |
| Belarus | 12.1 | 10.9 | 17.6 | N/A | 20.6% |
| Others | 5.1 | 5.0 | 6.4 | 6.4 | 7.9% |
| Total | 75.3 | 62.6 | 86.5 | 74.5 | -0.4% |
Top Suppliers of Wire of Other Alloy Steel to Russia in 2022:
- China (53.3K tons)
- Turkey (3.7K tons)
- Vietnam (1.6K tons)
- South Korea (1.5K tons)
- Czech Republic (1.2K tons)
- Italy (0.5K tons)
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