Stainless Steel Wire Price in Slovenia - 2023
Contents:
- Stainless Steel Wire Price in Slovenia (CIF) - 2023
- Stainless Steel Wire Price in Slovenia (FOB) - 2022
- Stainless Steel Wire Imports in Slovenia
- Stainless Steel Wire Exports in Slovenia
Stainless Steel Wire Price in Slovenia (CIF) - 2023
In September 2023, the average stainless steel wire import price amounted to $6,850 per ton, dropping by -14.3% against the previous month. Over the period under review, the import price recorded a perceptible decrease. The growth pace was the most rapid in February 2023 when the average import price increased by 91% against the previous month. Over the period under review, average import prices hit record highs at $11,455 per ton in April 2023; however, from May 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 India ($40,892 per ton), while the price for China ($2,609 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 India (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Slovenia (FOB) - 2022
The average stainless steel wire export price stood at $5,855 per ton in 2022, dropping by -15.3% against the previous year. In general, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $8,854 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($17,498 per ton), while the average price for exports to Italy ($2,199 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 Croatia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Slovenia
In 2022, the amount of stainless steel wire imported into Slovenia dropped notably to 982 tons, waning by -20.4% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports reached the peak of 1.2K tons, and then shrank dramatically in the following year.
In value terms, stainless steel wire imports fell slightly to $7M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value 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 +44.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of $7.3M, and then declined slightly in the following year.
| Import of Stainless Steel Wire in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 739 | 1,012 | 1,902 | 1,701 | 32.0% |
| Italy | 1,311 | 1,641 | 2,049 | 1,293 | -0.5% |
| China | 248 | 233 | 400 | 664 | 38.9% |
| Austria | 121 | 322 | 424 | 638 | 74.1% |
| Czech Republic | 296 | 331 | 554 | 440 | 14.1% |
| Poland | 106 | 94.4 | 204 | 436 | 60.2% |
| South Korea | 207 | 166 | 296 | 361 | 20.4% |
| France | 275 | 317 | 287 | 298 | 2.7% |
| Indonesia | 275 | 142 | 86.3 | 211 | -8.5% |
| India | 216 | 156 | 524 | 164 | -8.8% |
| Spain | 306 | 177 | 151 | 151 | -21.0% |
| Switzerland | 227 | 205 | 154 | 107 | -22.2% |
| Others | 520 | 271 | 283 | 514 | -0.4% |
| Total | 4,846 | 5,066 | 7,314 | 6,981 | 12.9% |
Top Suppliers of Stainless Steel Wire to Slovenia in 2022:
- Italy (224.3 tons)
- China (156.5 tons)
- Germany (125.5 tons)
- Austria (80.9 tons)
- South Korea (67.8 tons)
- Czech Republic (66.4 tons)
- Indonesia (63.3 tons)
- Poland (48.3 tons)
- India (41.6 tons)
- France (40.9 tons)
- Spain (19.3 tons)
- Switzerland (15.1 tons)
Stainless Steel Wire Exports in Slovenia
In 2022, the amount of stainless steel wire exported from Slovenia surged to 188 tons, rising by 16% on 2021 figures. The total export volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports fell to $1.1M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year.
| Export of Stainless Steel Wire in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 492 | 502 | 456 | 391 | -7.4% |
| Slovakia | 0.5 | 0.2 | 171 | 351 | 788.7% |
| Romania | 15.1 | 8.4 | 38.8 | 105 | 90.9% |
| Serbia | 149 | 306 | 270 | 89.2 | -15.7% |
| Italy | 7.2 | 6.4 | 22.8 | 52.6 | 94.0% |
| Bosnia and Herzegovina | 66.4 | 44.4 | 32.0 | 52.0 | -7.8% |
| Others | 131 | 120 | 130 | 59.8 | -23.0% |
| Total | 862 | 987 | 1,120 | 1,101 | 8.5% |
Top Export Markets for Stainless Steel Wire from Slovenia in 2022:
- Slovakia (88.5 tons)
- Serbia (24.8 tons)
- Italy (23.9 tons)
- Croatia (22.4 tons)
- Romania (20.7 tons)
- Bosnia and Herzegovina (4.1 tons)
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