Price for Wire of Other Alloy Steel in Singapore - 2022
Contents:
- Price for Wire of Other Alloy Steel in Singapore (FOB) - 2022
- Price for Wire of Other Alloy Steel in Singapore (CIF) - 2022
- Exports of Wire of Other Alloy Steel in Singapore
- Imports of Wire of Other Alloy Steel in Singapore
Price for Wire of Other Alloy Steel in Singapore (FOB) - 2022
The average export price for wire of other alloy steels stood at $4,276 per ton in 2022, falling by -33.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. As a result, the export price attained the peak level of $6,398 per ton, and then declined dramatically in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,046 per ton), while the average price for exports to Malaysia ($4,173 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 Indonesia (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Singapore (CIF) - 2022
In September 2022, the average import price for wire of other alloy steels amounted to $5,155 per ton, jumping by 45% against the previous month. In general, the import price recorded a modest expansion. Over the period under review, average import prices reached the peak figure at $5,834 per ton in June 2022; however, from July 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,225 per ton), while the price for Indonesia ($2,505 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Singapore
Wire of other alloy steel exports from Singapore soared to 7.5K tons in 2022, jumping by 139% against 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports surged to $32M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 108% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wire of Other Alloy Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.8 | 6.2 | 7.3 | 27.9 | 68.8% |
| Indonesia | 2.6 | 1.7 | 4.0 | 2.5 | -1.3% |
| China | 0.2 | 0.3 | 0.8 | 0.1 | -20.6% |
| Others | 1.2 | 1.5 | 7.9 | 1.6 | 10.1% |
| Total | 9.8 | 9.6 | 20.1 | 32.2 | 48.7% |
Top Export Markets for Wire of Other Alloy Steel from Singapore in 2022:
- Malaysia (6.7K tons)
- Indonesia (0.6K tons)
Imports of Wire of Other Alloy Steel in Singapore
For the third consecutive year, Singapore recorded decline in purchases abroad of wire of other alloy steels, which decreased by -7.1% to 5.1K tons in 2022. Overall, imports recorded a abrupt setback.
In value terms, wire of other alloy steel imports fell rapidly to $15M in 2022. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $18M, and then fell notably in the following year.
| Import of Wire of Other Alloy Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.4 | 7.8 | 9.8 | 7.1 | -8.9% |
| China | 2.7 | 1.7 | 4.1 | 2.8 | 1.2% |
| Taiwan (Chinese) | 2.3 | 1.9 | 2.0 | 1.5 | -13.3% |
| France | N/A | 0.8 | 0.3 | 1.1 | 17.3% |
| Philippines | N/A | N/A | N/A | 0.7 | 0% |
| Thailand | 0.5 | 0.3 | 0.6 | 0.3 | -15.7% |
| Indonesia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 2.5 | 2.0 | 1.2 | 1.7 | -12.1% |
| Total | 17.6 | 14.6 | 18.2 | 15.4 | -4.4% |
Top Suppliers of Wire of Other Alloy Steel to Singapore in 2022:
- Japan (2168.6 tons)
- China (851.9 tons)
- Taiwan (Chinese) (703.1 tons)
- France (482.7 tons)
- Philippines (275.1 tons)
- Thailand (140.6 tons)
- Indonesia (90.2 tons)
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