Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (FOB) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (CIF) - 2022
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (FOB) - 2024
In January 2024, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,709 per ton, shrinking by -2.4% against the previous month. Over the period under review, the export price showed a mild curtailment. The pace of growth was the most pronounced in May 2023 when the average export price increased by 2.3% against the previous month. Over the period under review, the average export prices hit record highs at $2,123 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From January 2023 to January 2024, the rate of growth in terms of prices for Spain amounted to -0.5% per month.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (CIF) - 2022
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,186 per ton in 2022, jumping by 28% against the previous year. Overall, the import price saw a noticeable increase. The most prominent rate of growth was recorded in 2013 an increase of 155%. As a result, import price attained the peak level of $3,823 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,937 per ton), while the price for Ukraine ($1,185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg
In 2022, exports of steel alloy wire of materials other than silico-manganese steels from Luxembourg contracted slightly to 23K tons, with a decrease of -2.7% against the year before. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, 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 31% against the previous year. As a result, the exports attained the peak of 24K tons, and then fell modestly in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels surged to $50M in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.6 | 5.6 | 9.8 | 13.9 | 17.4% |
| France | 4.2 | 3.1 | 7.8 | 9.1 | 29.4% |
| Spain | 4.7 | 4.1 | 5.4 | 8.7 | 22.8% |
| United Kingdom | 3.1 | 1.7 | 3.7 | 5.8 | 23.2% |
| Hungary | 4.5 | 4.6 | 3.3 | 3.4 | -8.9% |
| Netherlands | 1.8 | 2.5 | 4.4 | 3.0 | 18.6% |
| Czech Republic | 1.7 | 1.4 | 3.1 | 2.4 | 12.2% |
| Sweden | 0.3 | 2.3 | 3.9 | 1.6 | 74.7% |
| Others | 0.4 | 0.8 | 1.3 | 1.8 | 65.1% |
| Total | 29.2 | 26.3 | 42.8 | 49.6 | 19.3% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Luxembourg in 2022:
- Germany (5.1K tons)
- Spain (4.8K tons)
- France (3.8K tons)
- United Kingdom (3.0K tons)
- Hungary (1.9K tons)
- Netherlands (1.6K tons)
- Czech Republic (1.3K tons)
- Sweden (0.8K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg
In 2022, overseas purchases of steel alloy wire of materials other than silico-manganese steels decreased by -21.4% to 8.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 399% against the previous year. As a result, imports reached the peak of 11K tons, and then fell rapidly in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels reached $19M in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 413%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 2.5 | 11.0 | 13.0 | 128.0% |
| Romania | N/A | 0.3 | 2.1 | 1.7 | 138.0% |
| Italy | N/A | N/A | 0.1 | 1.6 | 1500.0% |
| Ukraine | 0.5 | 0.5 | 5.2 | 1.4 | 40.9% |
| Poland | N/A | N/A | N/A | 0.7 | 0% |
| Netherlands | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Belgium | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Total | 0.9 | 3.8 | 19.3 | 19.4 | 178.3% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Luxembourg in 2022:
- South Korea (4.4K tons)
- Ukraine (1.2K tons)
- Romania (1.2K tons)
- Italy (1.1K tons)
- Poland (0.5K tons)
- Belgium (0.2K tons)
- Netherlands (0.1K tons)
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