Price for Wire of Other Alloy Steel in the Czech Republic - 2023
Contents:
- Price for Wire of Other Alloy Steel in the Czech Republic (FOB) - 2023
- Price for Wire of Other Alloy Steel in the Czech Republic (CIF) - 2022
- Exports of Wire of Other Alloy Steel in the Czech Republic
- Imports of Wire of Other Alloy Steel in the Czech Republic
Price for Wire of Other Alloy Steel in the Czech Republic (FOB) - 2023
The average export price for wire of other alloy steels stood at $2,032 per ton in August 2023, waning by -10.7% against the previous month. Over the period from October 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in January 2023 an increase of 21% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,277 per ton in July 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,627 per ton), while the average price for exports to Ukraine ($1,416 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in the Czech Republic (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,696 per ton, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $1,740 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,782 per ton), while the price for Russia ($1,034 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in the Czech Republic
In 2022, exports of wire of other alloy steels from the Czech Republic declined to 98K tons, waning by -10.3% compared with the previous year. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of 109K tons, and then declined in the following year.
In value terms, wire of other alloy steel exports rose significantly to $169M in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Wire of Other Alloy Steel in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 20.3 | 20.0 | 29.0 | 33.4 | 18.1% |
| Germany | 18.0 | 17.1 | 24.6 | 26.5 | 13.8% |
| Italy | 16.2 | 11.0 | 13.7 | 16.2 | 0.0% |
| Slovakia | 7.1 | 6.8 | 8.9 | 12.1 | 19.4% |
| France | 10.9 | 8.6 | 9.6 | 10.2 | -2.2% |
| Sweden | 6.4 | 7.0 | 7.9 | 8.7 | 10.8% |
| United Kingdom | 13.1 | 6.5 | 6.5 | 7.4 | -17.3% |
| Romania | 4.1 | 3.3 | 3.9 | 4.9 | 6.1% |
| Austria | 3.8 | 3.1 | 4.7 | 4.4 | 5.0% |
| Netherlands | 4.3 | 3.6 | 4.2 | 4.3 | 0.0% |
| Hungary | 3.6 | 3.1 | 3.5 | 4.2 | 5.3% |
| Denmark | 2.4 | 2.5 | 3.0 | 3.4 | 12.3% |
| Spain | 2.8 | 2.1 | 2.4 | 3.0 | 2.3% |
| Others | 33.5 | 27.6 | 38.3 | 30.6 | -3.0% |
| Total | 147 | 122 | 160 | 169 | 4.8% |
Top Export Markets for Wire of Other Alloy Steel from the Czech Republic in 2022:
- Poland (19.3K tons)
- Germany (14.8K tons)
- Italy (11.4K tons)
- Slovakia (6.8K tons)
- Sweden (6.1K tons)
- France (6.1K tons)
- United Kingdom (5.9K tons)
- Romania (2.7K tons)
- Netherlands (2.4K tons)
- Hungary (2.3K tons)
- Austria (2.2K tons)
- Denmark (1.7K tons)
- Spain (1.7K tons)
Imports of Wire of Other Alloy Steel in the Czech Republic
In 2022, the amount of wire of other alloy steels imported into the Czech Republic shrank slightly to 43K tons, reducing by -4% compared with 2021. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.
In value terms, wire of other alloy steel imports rose remarkably to $74M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 +53.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Wire of Other Alloy Steel in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.7 | 9.8 | 12.5 | 18.2 | 19.4% |
| Germany | 6.9 | 5.8 | 7.0 | 8.0 | 5.1% |
| France | 7.0 | 5.9 | 7.4 | 7.9 | 4.1% |
| China | 17.0 | 5.6 | 6.4 | 7.3 | -24.6% |
| Austria | 6.9 | 5.5 | 8.6 | 7.2 | 1.4% |
| Italy | 4.9 | 1.2 | 2.4 | 5.1 | 1.3% |
| Poland | 0.1 | 0.8 | 2.3 | 4.2 | 247.6% |
| Luxembourg | 2.8 | 2.2 | 3.1 | 3.2 | 4.6% |
| Ukraine | 0.1 | 1.2 | 4.5 | 2.8 | 203.7% |
| Russia | N/A | 3.8 | 5.6 | 2.7 | -15.7% |
| Slovenia | 1.6 | 1.8 | 2.8 | 0.5 | -32.1% |
| Turkey | 0.7 | 2.2 | 0.8 | 0.3 | -24.6% |
| Others | 1.6 | 2.1 | 4.0 | 6.1 | 56.2% |
| Total | 60.3 | 48.0 | 67.5 | 73.5 | 6.8% |
Top Suppliers of Wire of Other Alloy Steel to the Czech Republic in 2022:
- Japan (9.9K tons)
- France (5.5K tons)
- China (4.8K tons)
- Austria (4.4K tons)
- Poland (3.2K tons)
- Germany (2.9K tons)
- Russia (2.6K tons)
- Italy (2.4K tons)
- Ukraine (2.3K tons)
- Luxembourg (1.8K tons)
- Slovenia (0.3K tons)
- Turkey (0.2K tons)
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