Stainless Steel Wire Price in Italy - 2023
Contents:
- Stainless Steel Wire Price in Italy (CIF) - 2023
- Stainless Steel Wire Price in Italy (FOB) - 2023
- Stainless Steel Wire Imports in Italy
- Stainless Steel Wire Exports in Italy
Stainless Steel Wire Price in Italy (CIF) - 2023
In September 2023, the average stainless steel wire import price amounted to $5,486 per ton, increasing by 2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 19% against the previous month. The import price peaked at $6,650 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($7,790 per ton), while the price for Indonesia ($3,118 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 Germany (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Italy (FOB) - 2023
The average stainless steel wire export price stood at $6,408 per ton in September 2023, increasing by 10% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 647% m-o-m. The export price peaked at $7,359 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($15,123 per ton), while the average price for exports to China ($3,183 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 Bulgaria (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Italy
In 2022, the amount of stainless steel wire imported into Italy rose significantly to 35K tons, with an increase of 8.7% compared with the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, stainless steel wire imports soared to $200M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel Wire in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.6 | 14.5 | 26.7 | 32.8 | 45.7% |
| Switzerland | 9.7 | 8.9 | 20.9 | 28.6 | 43.4% |
| China | 13.8 | 11.9 | 21.4 | 24.2 | 20.6% |
| Czech Republic | 20.0 | 13.8 | 16.4 | 19.5 | -0.8% |
| South Korea | 8.4 | 7.8 | 14.4 | 17.5 | 27.7% |
| Germany | 7.1 | 6.9 | 9.6 | 16.9 | 33.5% |
| Spain | 9.9 | 6.5 | 9.9 | 12.6 | 8.4% |
| France | 6.3 | 3.7 | 7.1 | 10.0 | 16.7% |
| Netherlands | 4.2 | 4.0 | 6.6 | 9.9 | 33.1% |
| Indonesia | 4.0 | 2.7 | 2.8 | 4.9 | 7.0% |
| Others | 9.4 | 7.6 | 9.5 | 23.5 | 35.7% |
| Total | 103 | 88.3 | 145 | 200 | 24.8% |
Top Suppliers of Stainless Steel Wire to Italy in 2022:
- India (8.0K tons)
- China (5.4K tons)
- Switzerland (3.7K tons)
- Czech Republic (2.9K tons)
- Netherlands (2.7K tons)
- South Korea (2.6K tons)
- Spain (2.1K tons)
- Germany (2.0K tons)
- France (1.5K tons)
- Indonesia (1.3K tons)
Stainless Steel Wire Exports in Italy
Stainless steel wire exports from Italy reduced to 17K tons in 2022, waning by -6.4% against 2021. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 18K tons, and then contracted in the following year.
In value terms, stainless steel wire exports rose remarkably to $105M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Stainless Steel Wire in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.6 | 19.7 | 38.9 | 43.4 | 26.2% |
| France | 6.0 | 6.5 | 10.6 | 11.3 | 23.5% |
| Poland | 1.2 | 1.7 | 5.3 | 8.0 | 88.2% |
| United Kingdom | 5.9 | 5.2 | 7.1 | 6.5 | 3.3% |
| South Africa | 3.9 | 2.7 | 3.2 | 3.7 | -1.7% |
| Spain | 2.8 | 2.6 | 3.1 | 3.7 | 9.7% |
| Turkey | 1.9 | 2.3 | 2.5 | 2.7 | 12.4% |
| Romania | 1.1 | 1.4 | 2.0 | 2.3 | 27.9% |
| Netherlands | 0.7 | 1.0 | 1.2 | 2.3 | 48.7% |
| Portugal | 1.5 | 1.6 | 1.6 | 2.0 | 10.1% |
| Switzerland | 3.0 | 1.4 | 1.6 | 2.0 | -12.6% |
| China | 2.8 | 2.0 | 1.9 | 1.7 | -15.3% |
| Slovenia | 1.1 | 1.3 | 2.2 | 1.3 | 5.7% |
| Others | 13.7 | 9.6 | 12.9 | 14.2 | 1.2% |
| Total | 67.1 | 58.9 | 94.2 | 105 | 16.1% |
Top Export Markets for Stainless Steel Wire from Italy in 2022:
- Germany (7.0K tons)
- France (2.2K tons)
- Poland (1.2K tons)
- United Kingdom (0.9K tons)
- South Africa (0.7K tons)
- Netherlands (0.6K tons)
- Spain (0.6K tons)
- Romania (0.5K tons)
- Turkey (0.4K tons)
- Switzerland (0.4K tons)
- China (0.4K tons)
- Portugal (0.3K tons)
- Slovenia (0.2K tons)
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