Stainless Steel Wire Price in Luxembourg - 2023
Contents:
- Stainless Steel Wire Price in Luxembourg (CIF) - 2022
- Stainless Steel Wire Price in Luxembourg (FOB) - 2022
- Stainless Steel Wire Imports in Luxembourg
- Stainless Steel Wire Exports in Luxembourg
Stainless Steel Wire Price in Luxembourg (CIF) - 2022
The average stainless steel wire import price stood at $4,321 per ton in 2022, with a decrease of -27.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $5,989 per ton, and then fell dramatically in the following year.
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 South Korea ($17,684 per ton), while the price for the Netherlands ($1,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Price in Luxembourg (FOB) - 2022
The average stainless steel wire export price stood at $7,731 per ton in 2022, surging by 173% against the previous year. In general, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($12,736 per ton), while the average price for exports to Poland ($2,282 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 (+112.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Luxembourg
In 2022, overseas purchases of stainless steel wire increased by 104% to 77 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire imports skyrocketed to $334K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +49.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.9 | 24.4 | 25.7 | 110 | 45.2% |
| South Korea | 81.1 | 57.5 | 86.4 | 98.6 | 6.7% |
| Netherlands | 44.8 | 12.7 | 18.9 | 41.0 | -2.9% |
| France | 45.0 | 25.1 | 31.7 | 28.8 | -13.8% |
| Belgium | 26.8 | 74.5 | 52.4 | 26.6 | -0.2% |
| Italy | 1.7 | 0.2 | 5.9 | 26.1 | 148.5% |
| China | 8.8 | 20.7 | 0.2 | 0.1 | -77.5% |
| Others | 20.7 | 8.8 | 6.1 | 2.6 | -49.9% |
| Total | 265 | 224 | 227 | 334 | 8.0% |
Top Suppliers of Stainless Steel Wire to Luxembourg in 2022:
- China (undefined tons)
- Netherlands (30.6 tons)
- Germany (27.4 tons)
- Belgium (7.3 tons)
- South Korea (5.6 tons)
- Italy (3.9 tons)
- France (2.2 tons)
Stainless Steel Wire Exports in Luxembourg
In 2022, stainless steel wire exports from Luxembourg fell sharply to 14 tons, waning by -71.2% on the previous year. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 178%.
In value terms, stainless steel wire exports contracted markedly to $111K in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 137%.
| Export of Stainless Steel Wire in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kosovo | N/A | N/A | N/A | 36.7 | 0% |
| France | 58.7 | 28.6 | 35.4 | 34.0 | -16.6% |
| Germany | 38.0 | N/A | 0.3 | 15.0 | -26.6% |
| Italy | N/A | N/A | 6.7 | 13.3 | 98.5% |
| Poland | 24.1 | N/A | 7.1 | 9.6 | -26.4% |
| Belgium | 4.0 | 16.8 | 33.8 | 2.2 | -18.1% |
| Netherlands | N/A | 11.6 | 55.2 | N/A | 375.9% |
| Others | 21.5 | 2.6 | 2.5 | N/A | -65.9% |
| Total | 146 | 59.5 | 141 | 111 | -8.7% |
Top Export Markets for Stainless Steel Wire from Luxembourg in 2022:
- Poland (4.2 tons)
- Kosovo (3.5 tons)
- France (2.8 tons)
- Italy (1.7 tons)
- Germany (1.2 tons)
- Belgium (0.9 tons)
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