Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,103 per ton, falling by -3.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 12% month-to-month. Over the period under review, average import prices reached the maximum at $1,425 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,716 per ton), while the price for Turkey ($962 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 Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,185 per ton in January 2024, surging by 2.8% against the previous month. In general, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices attained the maximum at $1,338 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In January 2024, the highest price was recorded for prices to the UK ($1,316 per ton) and Chile ($1,315 per ton), while the average price for exports to Mexico ($893 per ton) and Italy ($1,004 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 Belgium (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain
In 2022, imports of iron or non-alloy steel wire, plated or coated with zincs into Spain declined to 48K tons, waning by -9.5% compared with 2021 figures. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 53K tons, and then declined in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs expanded modestly to $66M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 +94.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 17.9 | 5.0 | 20.7 | 22.4 | 7.8% |
| China | 6.0 | 4.2 | 7.7 | 8.7 | 13.2% |
| Germany | 3.6 | 3.7 | 5.4 | 8.4 | 32.6% |
| Portugal | 4.6 | 5.3 | 6.5 | 7.3 | 16.6% |
| Italy | 4.4 | 3.9 | 4.1 | 4.6 | 1.5% |
| France | 3.3 | 2.8 | 5.1 | 3.9 | 5.7% |
| Luxembourg | 3.7 | 3.6 | 5.0 | 2.5 | -12.3% |
| Others | 7.9 | 5.3 | 9.4 | 7.9 | 0.0% |
| Total | 51.4 | 33.8 | 64.1 | 65.8 | 8.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Spain in 2022:
- Turkey (19.4K tons)
- Germany (6.9K tons)
- China (5.6K tons)
- Portugal (5.1K tons)
- Italy (2.6K tons)
- France (2.2K tons)
- Luxembourg (1.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain
Exports of iron or non-alloy steel wire, plated or coated with zincs from Spain contracted rapidly to 34K tons in 2022, reducing by -30.7% on the year before. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 0.2% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs fell significantly to $51M in 2022. Overall, exports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by 44%. As a result, the exports reached the peak of $63M, and then contracted remarkably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.9 | 10.3 | 14.1 | 12.6 | -0.8% |
| United States | 3.0 | 3.2 | 4.1 | 4.1 | 11.0% |
| United Kingdom | 2.2 | 2.7 | 6.1 | 4.1 | 23.1% |
| Canada | 3.9 | 4.4 | 5.9 | 3.9 | 0.0% |
| Portugal | 3.4 | 3.3 | 4.3 | 3.8 | 3.8% |
| Italy | 3.9 | 4.8 | 5.8 | 3.4 | -4.5% |
| Sweden | 0.1 | 0.5 | 1.1 | 3.4 | 224.0% |
| Germany | 1.9 | 1.3 | 2.5 | 2.7 | 12.4% |
| Morocco | 4.0 | 0.2 | 0.6 | 2.1 | -19.3% |
| Albania | 0.8 | 0.6 | 0.2 | 1.5 | 23.3% |
| Chile | 2.9 | 0.5 | 2.2 | 1.4 | -21.6% |
| Ukraine | 1.0 | 0.9 | 2.1 | 1.1 | 3.2% |
| Netherlands | 2.1 | 2.1 | 1.7 | 0.8 | -27.5% |
| Others | 13.7 | 9.2 | 12.5 | 5.8 | -24.9% |
| Total | 55.8 | 43.9 | 63.2 | 50.7 | -3.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Spain in 2022:
- France (8.6K tons)
- Portugal (2.7K tons)
- United Kingdom (2.7K tons)
- Sweden (2.6K tons)
- United States (2.5K tons)
- Canada (2.3K tons)
- Italy (2.1K tons)
- Germany (2.0K tons)
- Morocco (1.4K tons)
- Albania (1.1K tons)
- Chile (1.0K tons)
- Ukraine (0.5K tons)
- Netherlands (0.5K tons)
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