Price for Steel, Alloy; Wire, of High Speed Steel in Singapore - 2022
Contents:
- Price for Steel, Alloy; Wire, of High Speed Steel in Singapore (FOB) - 2022
- Exports of Steel, Alloy; Wire, of High Speed Steel in Singapore
Price for Steel, Alloy; Wire, of High Speed Steel in Singapore (FOB) - 2022
The average export price for wire of high-speed steel, in coils (excluding bars and rods) stood at $3,171 per ton in 2022, shrinking by -11.1% against the previous year. Over the period under review, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2016 an increase of 66%. As a result, the export price attained the peak level of $6,408 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +1.5% per year.
Exports of Steel, Alloy; Wire, of High Speed Steel in Singapore
In 2022, approx. 7.6 tons of wire of high-speed steel, in coils (excluding bars and rods) were exported from Singapore; falling by -7% compared with 2021 figures. In general, exports continue to indicate a abrupt shrinkage. The smallest decline of -7% was in 2020.
In value terms, exports of wire of high-speed steel, in coils (excluding bars and rods) fell rapidly to $24K in 2022. Over the period under review, exports saw a abrupt setback. The smallest decline of -17.3% was in 2021.
| Export of Steel, Alloy; Wire, of High Speed Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 42.8 | 35.4 | 29.3 | 24.2 | -17.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.8 | 35.4 | 29.3 | 24.2 | -17.3% |
Top Export Markets for Steel, Alloy; Wire, of High Speed Steel from Singapore in 2022:
- Philippines (7.6 tons)
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