Stainless Steel Wire Price in the Czech Republic - 2023
Contents:
- Stainless Steel Wire Price in the Czech Republic (FOB) - 2023
- Stainless Steel Wire Price in the Czech Republic (CIF) - 2023
- Stainless Steel Wire Exports in the Czech Republic
- Stainless Steel Wire Imports in the Czech Republic
Stainless Steel Wire Price in the Czech Republic (FOB) - 2023
In September 2023, the average stainless steel wire export price amounted to $7,766 per ton, surging by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The export price peaked at $8,396 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Poland ($10,151 per ton), while the average price for exports to France ($6,317 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 Romania (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Price in the Czech Republic (CIF) - 2023
The average stainless steel wire import price stood at $6,509 per ton in September 2023, rising by 1.7% 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 November 2022 an increase of 27% month-to-month. The import price peaked at $8,457 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Switzerland ($17,857 per ton), while the price for India ($1,422 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 the UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Exports in the Czech Republic
In 2022, the amount of stainless steel wire exported from the Czech Republic fell to 18K tons, which is down by -11.3% compared with 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 11%.
In value terms, stainless steel wire exports rose rapidly to $126M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Stainless Steel Wire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.8 | 19.4 | 26.4 | 30.8 | 17.9% |
| Italy | 19.5 | 15.7 | 19.6 | 19.6 | 0.2% |
| Sweden | 15.4 | 12.9 | 13.2 | 13.9 | -3.4% |
| France | 7.5 | 8.1 | 10.8 | 12.8 | 19.5% |
| Poland | 5.7 | 5.0 | 5.4 | 6.9 | 6.6% |
| United Kingdom | 5.0 | 4.3 | 4.5 | 5.5 | 3.2% |
| United States | 2.8 | 2.6 | 3.4 | 4.6 | 18.0% |
| Spain | 3.4 | 3.0 | 4.0 | 4.6 | 10.6% |
| China | 8.5 | 2.5 | 1.4 | 2.8 | -30.9% |
| Slovakia | 2.6 | 2.2 | 2.2 | 2.6 | 0.0% |
| Austria | 1.9 | 1.4 | 2.3 | 2.5 | 9.6% |
| Hungary | 1.2 | 1.2 | 1.7 | 2.2 | 22.4% |
| Turkey | 0.9 | 1.0 | 1.1 | 2.1 | 32.6% |
| Others | 27.5 | 16.2 | 18.8 | 15.4 | -17.6% |
| Total | 121 | 95.7 | 115 | 126 | 1.4% |
Top Export Markets for Stainless Steel Wire from the Czech Republic in 2022:
- Germany (4.7K tons)
- Italy (3.0K tons)
- Sweden (2.0K tons)
- France (2.0K tons)
- Poland (1.0K tons)
- United Kingdom (0.9K tons)
- Spain (0.6K tons)
- United States (0.5K tons)
- Austria (0.4K tons)
- Slovakia (0.4K tons)
- Turkey (0.3K tons)
- Hungary (0.3K tons)
- China (0.3K tons)
Stainless Steel Wire Imports in the Czech Republic
In 2022, the amount of stainless steel wire imported into the Czech Republic expanded rapidly to 4.7K tons, picking up by 7.2% compared with the previous year's figure. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
In value terms, stainless steel wire imports reached $30M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel Wire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.0 | 6.9 | 8.9 | 10.0 | 12.6% |
| Netherlands | 2.2 | 3.1 | 3.4 | 3.6 | 17.8% |
| Italy | 1.7 | 1.3 | 2.5 | 2.2 | 9.0% |
| Vietnam | 0.2 | 0.1 | 0.6 | 2.1 | 119.0% |
| Sweden | 5.1 | 1.4 | 1.5 | 2.0 | -26.8% |
| China | 0.9 | 0.5 | 1.4 | 2.0 | 30.5% |
| France | 2.2 | 1.8 | 2.8 | 1.6 | -10.1% |
| India | 2.1 | 1.0 | 1.5 | 1.4 | -12.6% |
| South Korea | 1.8 | 2.1 | 1.3 | 1.4 | -8.0% |
| Switzerland | 0.2 | 0.5 | 0.8 | 1.3 | 86.6% |
| Poland | 0.9 | 1.2 | 1.3 | 1.0 | 3.6% |
| Austria | 0.5 | 0.1 | 0.2 | 0.1 | -41.5% |
| Others | 1.5 | 1.3 | 1.6 | 1.8 | 6.3% |
| Total | 26.4 | 21.2 | 27.7 | 30.3 | 4.7% |
Top Suppliers of Stainless Steel Wire to the Czech Republic in 2022:
- Germany (1472.2 tons)
- Netherlands (515.6 tons)
- China (403.9 tons)
- Vietnam (402.1 tons)
- France (399.5 tons)
- Italy (381.6 tons)
- India (248.8 tons)
- Switzerland (237.6 tons)
- South Korea (223.4 tons)
- Poland (156.3 tons)
- Sweden (135.6 tons)
- Austria (5.7 tons)
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