Stainless Steel Wire Price in Germany - 2023
Contents:
- Stainless Steel Wire Price in Germany (CIF) - 2023
- Stainless Steel Wire Price in Germany (FOB) - 2023
- Stainless Steel Wire Imports in Germany
- Stainless Steel Wire Exports in Germany
Stainless Steel Wire Price in Germany (CIF) - 2023
In September 2023, the average stainless steel wire import price amounted to $5,773 per ton, with an increase of 6.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $6,555 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($16,272 per ton), while the price for the United Arab Emirates ($3,199 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Price in Germany (FOB) - 2023
In September 2023, the average stainless steel wire export price amounted to $10,003 per ton, with a decrease of -2.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 15% month-to-month. Over the period under review, the average export prices attained the peak figure at $10,894 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Mexico ($20,173 per ton), while the average price for exports to Turkey ($6,797 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Germany
Stainless steel wire imports into Germany dropped modestly to 64K tons in 2022, almost unchanged from the previous year. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 64K tons, leveling off in the following year.
In value terms, stainless steel wire imports surged to $389M in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Wire in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.9 | 48.5 | 63.6 | 87.8 | 107.0% |
| Sweden | 25.8 | 20.8 | 40.6 | 44.9 | 20.3% |
| Italy | 16.7 | 15.5 | 28.4 | 33.5 | 26.1% |
| India | 24.1 | 12.8 | 25.4 | 31.6 | 9.5% |
| France | 19.8 | 18.5 | 25.6 | 31.6 | 16.9% |
| Czech Republic | 18.2 | 19.6 | 25.2 | 28.4 | 16.0% |
| South Korea | 36.8 | 11.5 | 15.4 | 26.8 | -10.0% |
| China | 19.3 | 11.5 | 17.1 | 25.2 | 9.3% |
| Switzerland | 12.1 | 11.5 | 22.3 | 25.1 | 27.5% |
| Spain | 10.1 | 7.0 | 14.0 | 17.8 | 20.8% |
| Others | 18.0 | 19.9 | 32.4 | 36.8 | 26.9% |
| Total | 211 | 197 | 310 | 389 | 22.6% |
Top Suppliers of Stainless Steel Wire to Germany in 2022:
- Netherlands (16.3K tons)
- India (6.9K tons)
- Czech Republic (6.3K tons)
- Italy (5.8K tons)
- France (4.7K tons)
- China (4.5K tons)
- Sweden (4.1K tons)
- South Korea (3.8K tons)
- Switzerland (3.1K tons)
- Spain (2.5K tons)
Stainless Steel Wire Exports in Germany
In 2022, the amount of stainless steel wire exported from Germany rose to 26K tons, surging by 3% on the year before. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, stainless steel wire exports skyrocketed to $236M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Stainless Steel Wire in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 20.6 | 19.7 | 26.2 | 31.9 | 15.7% |
| France | 12.4 | 11.7 | 14.2 | 19.9 | 17.1% |
| United States | 13.5 | 8.2 | 12.8 | 19.4 | 12.8% |
| Italy | 9.0 | 8.8 | 10.5 | 16.8 | 23.1% |
| Netherlands | 8.9 | 9.7 | 12.6 | 15.2 | 19.5% |
| China | 8.8 | 9.9 | 12.2 | 14.4 | 17.8% |
| Poland | 7.2 | 7.7 | 11.9 | 13.4 | 23.0% |
| United Kingdom | 9.6 | 8.1 | 10.9 | 10.9 | 4.3% |
| Austria | 8.8 | 6.8 | 10.1 | 10.7 | 6.7% |
| Spain | 6.4 | 4.5 | 6.1 | 8.5 | 9.9% |
| Denmark | 3.2 | 3.9 | 5.1 | 6.8 | 28.6% |
| Czech Republic | 6.0 | 4.9 | 5.4 | 6.1 | 0.6% |
| Turkey | 3.2 | 2.9 | 4.1 | 5.2 | 17.6% |
| Others | 45.0 | 40.4 | 53.0 | 57.4 | 8.5% |
| Total | 162 | 147 | 195 | 236 | 13.4% |
Top Export Markets for Stainless Steel Wire from Germany in 2022:
- Switzerland (3.5K tons)
- Poland (2.5K tons)
- France (2.4K tons)
- Netherlands (2.0K tons)
- Italy (1.9K tons)
- United States (1.6K tons)
- Denmark (1.3K tons)
- Austria (1.3K tons)
- United Kingdom (1.1K tons)
- Spain (1.1K tons)
- Czech Republic (1.0K tons)
- China (0.8K tons)
- Turkey (0.6K tons)
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