Price for Wire of Other Alloy Steel in Serbia - 2023
Contents:
- Price for Wire of Other Alloy Steel in Serbia (CIF) - 2023
- Price for Wire of Other Alloy Steel in Serbia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Serbia
- Exports of Wire of Other Alloy Steel in Serbia
Price for Wire of Other Alloy Steel in Serbia (CIF) - 2023
The average import price for wire of other alloy steels stood at $1,764 per ton in July 2023, surging by 9.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 37% month-to-month. Over the period under review, average import prices reached the peak figure at $1,941 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($3,785 per ton), while the price for China ($1,205 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Serbia (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,279 per ton in 2022, which is down by -29.1% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $2,186 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($2,300 per ton), while the average price for exports to Albania ($1,093 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 Montenegro (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wire of Other Alloy Steel in Serbia
In 2022, purchases abroad of wire of other alloy steels decreased by -0.6% to 3.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 3.8K tons, leveling off in the following year.
In value terms, wire of other alloy steel imports surged to $7.3M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +59.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Wire of Other Alloy Steel in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 900 | 559 | 1,028 | 1,599 | 21.1% |
| Turkey | 607 | 971 | 1,651 | 1,582 | 37.6% |
| China | 632 | 689 | 674 | 911 | 13.0% |
| Czech Republic | 675 | 428 | 720 | 701 | 1.3% |
| Greece | 213 | 184 | 393 | 510 | 33.8% |
| Germany | 889 | 411 | 83.2 | 491 | -18.0% |
| Slovenia | 735 | 836 | 860 | 306 | -25.3% |
| Ukraine | N/A | N/A | 277 | 210 | -24.2% |
| Others | 479 | 464 | 466 | 942 | 25.3% |
| Total | 5,129 | 4,542 | 6,153 | 7,251 | 12.2% |
Top Suppliers of Wire of Other Alloy Steel to Serbia in 2022:
- Turkey (940.5 tons)
- Italy (753.1 tons)
- China (599.2 tons)
- Greece (349.1 tons)
- Czech Republic (289.5 tons)
- Ukraine (249.9 tons)
- Slovenia (151.9 tons)
- Germany (123.8 tons)
Exports of Wire of Other Alloy Steel in Serbia
Wire of other alloy steel exports from Serbia surged to 767 tons in 2022, rising by 1,066% on 2021 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports surged to $981K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.9 | 4.3 | N/A | 443 | 384.3% |
| Croatia | 0.1 | N/A | 25.9 | 189 | 1136.4% |
| Germany | 0.1 | 0.1 | N/A | 95.0 | 883.0% |
| Bosnia and Herzegovina | 3.1 | 0.6 | 26.5 | 60.9 | 169.8% |
| Kyrgyzstan | N/A | N/A | N/A | 37.0 | 0% |
| France | N/A | N/A | N/A | 31.1 | 0% |
| Turkey | N/A | N/A | N/A | 30.0 | 0% |
| Albania | N/A | N/A | 0.2 | 26.3 | 13050.0% |
| Montenegro | 58.2 | 71.1 | 20.2 | 25.0 | -24.5% |
| Others | 15.1 | 62.8 | 45.9 | 43.1 | 41.9% |
| Total | 80.5 | 139 | 119 | 981 | 130.1% |
Top Export Markets for Wire of Other Alloy Steel from Serbia in 2022:
- Austria (358.0 tons)
- Croatia (166.6 tons)
- Germany (64.1 tons)
- Bosnia and Herzegovina (53.6 tons)
- Albania (24.1 tons)
- France (23.4 tons)
- Turkey (22.0 tons)
- Kyrgyzstan (20.4 tons)
- Montenegro (10.9 tons)
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