Price for Wire of Other Alloy Steel in Slovakia - 2023
Contents:
- Price for Wire of Other Alloy Steel in Slovakia (CIF) - 2023
- Price for Wire of Other Alloy Steel in Slovakia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Slovakia
- Exports of Wire of Other Alloy Steel in Slovakia
Price for Wire of Other Alloy Steel in Slovakia (CIF) - 2023
The average import price for wire of other alloy steels stood at $4,707 per ton in August 2023, picking up by 117% against the previous month. In general, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($1,257 per ton), while the price for China totaled $1,127 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Slovakia (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $5,676 per ton, with an increase of 416% against the previous year. In general, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($10,917 per ton), while the average price for exports to Hungary ($1,063 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 Germany (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Wire of Other Alloy Steel in Slovakia
In 2022, approx. 11K tons of wire of other alloy steels were imported into Slovakia; increasing by 1.9% compared with the year before. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, wire of other alloy steel imports soared to $29M in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Wire of Other Alloy Steel in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 5.8 | 5.4 | 6.1 | 8.0 | 11.3% |
| Slovenia | N/A | N/A | N/A | 5.0 | 0% |
| Germany | 0.3 | 0.2 | 0.4 | 4.6 | 148.4% |
| Italy | 3.5 | 3.7 | 4.0 | 2.7 | -8.3% |
| Poland | 0.8 | 0.6 | 1.3 | 2.1 | 37.9% |
| Austria | 1.8 | 0.8 | 1.8 | 1.6 | -3.9% |
| Russia | N/A | 0.5 | 2.9 | 1.6 | 78.9% |
| China | 1.3 | 0.8 | 0.7 | 1.2 | -2.6% |
| Ukraine | N/A | 1.0 | 2.1 | 0.2 | -55.3% |
| Others | 4.0 | 0.4 | 0.8 | 1.5 | -27.9% |
| Total | 17.5 | 13.5 | 20.2 | 28.6 | 17.8% |
Top Suppliers of Wire of Other Alloy Steel to Slovakia in 2022:
- Czech Republic (4.3K tons)
- Germany (1.4K tons)
- Italy (1.1K tons)
- Slovenia (1.0K tons)
- Poland (0.9K tons)
- Austria (0.8K tons)
- China (0.8K tons)
- Russia (0.7K tons)
- Ukraine (0.1K tons)
Exports of Wire of Other Alloy Steel in Slovakia
In 2022, overseas shipments of wire of other alloy steels decreased by -21.5% to 395 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 589% against the previous year. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, wire of other alloy steel exports surged to $2.2M in 2022. Overall, exports, however, recorded a significant expansion. 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 Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.4 | N/A | N/A | 1,414 | 539.8% |
| Czech Republic | 103 | 28.0 | 59.7 | 484 | 67.5% |
| Poland | 236 | N/A | 0.1 | 44.8 | -42.5% |
| Hungary | 21.7 | 1,043 | 473 | 20.9 | -1.2% |
| Others | 36.3 | 17.9 | 19.4 | 276 | 96.6% |
| Total | 402 | 1,089 | 553 | 2,240 | 77.3% |
Top Export Markets for Wire of Other Alloy Steel from Slovakia in 2022:
- Czech Republic (216.0 tons)
- Italy (129.5 tons)
- Hungary (19.6 tons)
- Poland (19.2 tons)
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