Stainless Steel Wire Price in Serbia - 2023
Contents:
- Stainless Steel Wire Price in Serbia (CIF) - 2022
- Stainless Steel Wire Price in Serbia (FOB) - 2022
- Stainless Steel Wire Imports in Serbia
- Stainless Steel Wire Exports in Serbia
Stainless Steel Wire Price in Serbia (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $6,622 per ton, increasing by 10% 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 26% against the previous year. Over the period under review, average import prices hit record highs at $6,876 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($11,572 per ton), while the price for Slovenia ($3,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Serbia (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $9,477 per ton, shrinking by -10.3% against the previous year. In general, the export price saw a perceptible reduction. The growth pace was the most rapid in 2019 when the average export price increased by 26%. The export price peaked at $13,866 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($29,659 per ton), while the average price for exports to Montenegro ($4,584 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 Italy (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Serbia
In 2022, imports of stainless steel wire into Serbia surged to 588 tons, growing by 37% compared with the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +68.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire imports surged to $3.9M in 2022. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Stainless Steel Wire in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 128 | 157 | 263 | 1,061 | 102.4% |
| China | 702 | 157 | 274 | 680 | -1.1% |
| India | 296 | 226 | 348 | 483 | 17.7% |
| France | 178 | 67.0 | 103 | 461 | 37.3% |
| Turkey | 198 | 164 | 336 | 294 | 14.1% |
| Italy | 172 | 146 | 267 | 258 | 14.5% |
| Sweden | 232 | 204 | 246 | 216 | -2.4% |
| Czech Republic | 162 | 175 | 214 | 188 | 5.1% |
| Slovenia | 122 | 211 | 243 | 87.8 | -10.4% |
| Others | 182 | 162 | 285 | 163 | -3.6% |
| Total | 2,371 | 1,669 | 2,579 | 3,893 | 18.0% |
Top Suppliers of Stainless Steel Wire to Serbia in 2022:
- China (129.7 tons)
- Germany (117.5 tons)
- India (109.8 tons)
- France (63.1 tons)
- Turkey (49.1 tons)
- Italy (35.6 tons)
- Slovenia (28.0 tons)
- Sweden (18.7 tons)
- Czech Republic (18.5 tons)
Stainless Steel Wire Exports in Serbia
In 2022, approx. 16 tons of stainless steel wire were exported from Serbia; with an increase of 35% on 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% 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 +67.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports surged to $147K in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 1.7 | 5.6 | 33.3 | 342.6% |
| Germany | 1.4 | 3.2 | 3.3 | 23.9 | 157.5% |
| Romania | 19.3 | 24.0 | 21.5 | 15.0 | -8.1% |
| Bosnia and Herzegovina | 25.7 | 22.2 | 28.0 | 14.4 | -17.6% |
| Slovenia | 0.3 | 5.4 | 2.6 | 12.0 | 242.0% |
| North Macedonia | 22.9 | 19.5 | 15.2 | 11.1 | -21.4% |
| Croatia | 13.4 | 9.8 | 8.4 | 8.6 | -13.7% |
| Sweden | N/A | 6.8 | 15.5 | 7.5 | 5.0% |
| Montenegro | 7.9 | 3.3 | 5.4 | 6.3 | -7.3% |
| United Arab Emirates | N/A | N/A | N/A | 4.9 | 0% |
| Others | 23.4 | 25.3 | 15.9 | 10.1 | -24.4% |
| Total | 114 | 121 | 122 | 147 | 8.8% |
Top Export Markets for Stainless Steel Wire from Serbia in 2022:
- Italy (6.2 tons)
- Romania (1.7 tons)
- Montenegro (1.4 tons)
- Slovenia (1.1 tons)
- Germany (1.0 tons)
- United Arab Emirates (0.9 tons)
- Sweden (0.8 tons)
- Bosnia and Herzegovina (0.7 tons)
- Croatia (0.5 tons)
- North Macedonia (0.4 tons)
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