Stainless Steel Wire Price in Spain - 2023
Contents:
- Stainless Steel Wire Price in Spain (FOB) - 2023
- Stainless Steel Wire Price in Spain (CIF) - 2023
- Stainless Steel Wire Exports in Spain
- Stainless Steel Wire Imports in Spain
Stainless Steel Wire Price in Spain (FOB) - 2023
In September 2023, the average stainless steel wire export price amounted to $3,151 per ton, jumping by 86% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced decline. Over the period under review, the average export prices attained the maximum at $4,582 per ton in October 2022; however, from November 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Germany ($7,119 per ton), while the average price for exports to Portugal ($447 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 Belgium (+1.1%), while the prices for the other major destinations experienced a decline.
Stainless Steel Wire Price in Spain (CIF) - 2023
In September 2023, the average stainless steel wire import price amounted to $4,974 per ton, falling by -22.9% against the previous month. Over the period under review, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $7,861 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($18,089 per ton), while the price for Portugal ($1,182 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 South Korea (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Exports in Spain
In 2022, approx. 12K tons of stainless steel wire were exported from Spain; standing approx. at the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +45.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of 12K tons, and then contracted modestly in the following year.
In value terms, stainless steel wire exports rose remarkably to $55M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Stainless Steel Wire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.1 | 6.9 | 13.6 | 16.3 | 31.9% |
| Italy | 5.8 | 5.5 | 10.1 | 11.3 | 24.9% |
| France | 8.5 | 5.5 | 7.0 | 7.9 | -2.4% |
| Portugal | 3.8 | 2.8 | 3.3 | 5.3 | 11.7% |
| Netherlands | 3.1 | 4.0 | 5.3 | 3.5 | 4.1% |
| Switzerland | 1.4 | 0.8 | 0.8 | 2.5 | 21.3% |
| Poland | 1.3 | 1.1 | 1.6 | 1.5 | 4.9% |
| Sweden | 1.4 | 0.9 | 1.4 | 1.3 | -2.4% |
| Belgium | 1.8 | 1.2 | 1.7 | 1.2 | -12.6% |
| Others | 4.4 | 4.0 | 5.2 | 4.1 | -2.3% |
| Total | 38.5 | 32.7 | 50.1 | 54.9 | 12.6% |
Top Export Markets for Stainless Steel Wire from Spain in 2022:
- Portugal (4.7K tons)
- Germany (2.3K tons)
- Italy (1.7K tons)
- France (1.2K tons)
- Netherlands (0.5K tons)
- Switzerland (0.4K tons)
- Poland (0.2K tons)
- Sweden (0.2K tons)
- Belgium (0.2K tons)
Stainless Steel Wire Imports in Spain
In 2022, the amount of stainless steel wire imported into Spain contracted to 8K tons, declining by -13.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of 9.2K tons, and then fell in the following year.
In value terms, stainless steel wire imports skyrocketed to $49M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +89.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Wire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.2 | 4.8 | 7.3 | 8.9 | 19.6% |
| India | 4.5 | 3.7 | 7.3 | 8.0 | 21.1% |
| Germany | 5.1 | 3.4 | 4.9 | 7.1 | 11.7% |
| Netherlands | 2.6 | 3.1 | 5.7 | 4.9 | 23.5% |
| Italy | 2.4 | 2.7 | 3.3 | 3.9 | 17.6% |
| Czech Republic | 2.0 | 1.3 | 2.5 | 2.9 | 13.2% |
| China | 0.9 | 1.0 | 2.5 | 2.8 | 46.0% |
| Indonesia | 1.8 | 0.9 | 1.8 | 2.3 | 8.5% |
| France | 2.3 | 2.2 | 2.8 | 2.0 | -4.6% |
| Portugal | 0.6 | 0.7 | 0.4 | 0.6 | 0.0% |
| Others | 2.7 | 1.8 | 2.7 | 5.5 | 26.8% |
| Total | 30.0 | 25.8 | 41.2 | 48.9 | 17.7% |
Top Suppliers of Stainless Steel Wire to Spain in 2022:
- India (1418.5 tons)
- South Korea (1314.1 tons)
- Netherlands (1188.6 tons)
- Germany (853.6 tons)
- China (653.0 tons)
- Italy (650.8 tons)
- Indonesia (523.3 tons)
- Czech Republic (362.9 tons)
- France (339.8 tons)
- Portugal (212.7 tons)
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