Stainless Steel Wire Price in Uzbekistan - 2023
Contents:
- Stainless Steel Wire Price in Uzbekistan (CIF) - 2022
- Stainless Steel Wire Price in Uzbekistan (FOB) - 2022
- Stainless Steel Wire Imports in Uzbekistan
- Stainless Steel Wire Exports in Uzbekistan
Stainless Steel Wire Price in Uzbekistan (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $5,117 per ton, increasing by 2.3% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,664 per ton), while the price for Turkey ($1,327 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Price in Uzbekistan (FOB) - 2022
The average stainless steel wire export price stood at $71,000 per ton in 2022, remaining stable against the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Belarus.
From 2019 to 2022, the rate of growth in terms of prices for Belarus amounted to 0.0% per year.
Stainless Steel Wire Imports in Uzbekistan
Stainless steel wire imports into Uzbekistan shrank to 464 tons in 2022, with a decrease of -9.3% on 2021 figures. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 512 tons, and then shrank in the following year.
In value terms, stainless steel wire imports dropped to $2.4M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of $2.6M, and then declined in the following year.
| Import of Stainless Steel Wire in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,336 | 1,090 | 1,935 | 1,984 | 14.1% |
| China | 182 | 93.1 | 186 | 239 | 9.5% |
| Turkey | 6.7 | 7.8 | 18.3 | 39.5 | 80.7% |
| Others | 382 | 208 | 419 | 113 | -33.4% |
| Total | 1,906 | 1,400 | 2,557 | 2,375 | 7.6% |
Top Suppliers of Stainless Steel Wire to Uzbekistan in 2022:
- India (350.4 tons)
- China (72.4 tons)
- Turkey (29.7 tons)
Stainless Steel Wire Exports in Uzbekistan
After two years of decline, shipments abroad of stainless steel wire decreased by 0% to 1 kg in 2022. Over the period under review, exports saw a significant contraction. The smallest decline of 99.9% was in 2020.
In value terms, stainless steel wire exports totaled $71 in 2022. In general, exports saw a sharp curtailment. The smallest decline of 99.9% was in 2020.
| Export of Stainless Steel Wire in Uzbekistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 71.0 | 0% |
| Kyrgyzstan | 201 | N/A | N/A | N/A | 0% |
| Others | 460 | N/A | N/A | N/A | 0% |
| Total | 661 | N/A | N/A | 71.0 | -52.5% |
Top Export Markets for Stainless Steel Wire from Uzbekistan in 2022:
- Belarus (1.0 kg)
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