Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $981 per ton, rising by 9.9% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,075 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In January 2024, the countries with the highest prices were Slovenia ($1,132 per ton) and Romania ($1,099 per ton), while the average price for exports to Austria ($798 per ton) and Poland ($929 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+0.7%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,214 per ton, remaining stable against the previous month. Overall, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 15% month-to-month. As a result, import price attained the peak level of $1,507 per ton. From July 2023 to January 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the Netherlands ($1,686 per ton), while the price for Kazakhstan ($746 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (-0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic
Exports of iron or non-alloy steel wire, not plated or coateds from the Czech Republic declined modestly to 176K tons in 2022, shrinking by -3.2% on 2021 figures. In general, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 0.8%.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds stood at $216M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +64.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.2 | 48.1 | 61.8 | 73.6 | 10.7% |
| Poland | 36.7 | 35.1 | 50.2 | 54.4 | 14.0% |
| Austria | 11.4 | 12.5 | 22.2 | 27.4 | 34.0% |
| Slovakia | 15.0 | 12.3 | 23.2 | 24.7 | 18.1% |
| Slovenia | 5.9 | 5.1 | 7.8 | 8.0 | 10.7% |
| Romania | 3.4 | 4.4 | 7.0 | 4.2 | 7.3% |
| Others | 15.8 | 13.4 | 20.1 | 23.2 | 13.7% |
| Total | 142 | 131 | 192 | 216 | 15.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from the Czech Republic in 2022:
- Germany (59.8K tons)
- Poland (43.6K tons)
- Austria (27.3K tons)
- Slovakia (21.9K tons)
- Slovenia (5.8K tons)
- Romania (3.2K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic
After three years of growth, overseas purchases of iron or non-alloy steel wire, not plated or coateds decreased by -3% to 92K tons in 2022. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports reached the peak of 95K tons, and then dropped slightly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds reached $129M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +78.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.0 | 19.5 | 28.2 | 37.6 | 13.1% |
| Italy | 11.9 | 12.0 | 24.0 | 20.7 | 20.3% |
| Netherlands | 7.0 | 6.8 | 9.2 | 11.8 | 19.0% |
| Ukraine | 3.7 | 2.2 | 4.1 | 10.0 | 39.3% |
| Slovakia | 7.0 | 6.1 | 4.4 | 9.1 | 9.1% |
| Austria | 2.8 | 4.5 | 7.0 | 7.6 | 39.5% |
| Poland | 2.5 | 5.3 | 8.1 | 6.7 | 38.9% |
| Belarus | 6.6 | 7.7 | 10.7 | 6.4 | -1.0% |
| Others | 17.7 | 8.5 | 17.9 | 19.5 | 3.3% |
| Total | 85.2 | 72.6 | 114 | 129 | 14.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to the Czech Republic in 2022:
- Germany (23.2K tons)
- Italy (15.8K tons)
- Ukraine (8.0K tons)
- Netherlands (7.6K tons)
- Slovakia (6.5K tons)
- Belarus (6.0K tons)
- Austria (5.7K tons)
- Poland (4.6K tons)
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