Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (FOB) - 2024
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,334 per ton in January 2024, dropping by -12.7% against the previous month. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in December 2023 an increase of 13% month-to-month. Over the period under review, average import prices reached the peak figure at $11,227 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Austria ($3,122 per ton), while the price for Germany ($1,975 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $8,445 per ton in January 2024, dropping by -31.2% against the previous month. Overall, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in August 2023 an increase of 108% against the previous month. As a result, the export price attained the peak level of $13,393 per ton. From September 2023 to January 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Malaysia ($39,576 per ton), while the average price for exports to France ($4,389 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels imported into Switzerland declined to 17K tons, falling by -6.6% on the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.2% 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 +40.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of 18K tons, and then declined in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels reached $51M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +58.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.9 | 17.6 | 25.4 | 26.4 | 9.9% |
| China | 1.2 | 1.0 | 5.2 | 10.7 | 107.4% |
| Austria | 5.5 | 5.0 | 9.3 | 6.5 | 5.7% |
| Italy | 3.2 | 2.8 | 4.3 | 5.0 | 16.0% |
| Belgium | N/A | N/A | 0.2 | 1.0 | 400.0% |
| Others | 6.9 | 6.1 | 1.6 | 1.8 | -36.1% |
| Total | 36.7 | 32.5 | 46.0 | 51.4 | 11.9% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Switzerland in 2022:
- Germany (11.3K tons)
- Italy (2.0K tons)
- Austria (1.9K tons)
- China (0.6K tons)
- Belgium (0.3K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland
In 2022, exports of steel alloy wire of materials other than silico-manganese steels from Switzerland soared to 584 tons, picking up by 51% compared with the year before. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels reduced to $4.7M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,127 | 1,289 | 1,446 | 1,480 | 9.5% |
| France | 89.5 | 474 | 945 | 826 | 109.8% |
| Sweden | N/A | N/A | N/A | 595 | 0% |
| Germany | 544 | 694 | 689 | 565 | 1.3% |
| United States | 21.4 | 359 | 667 | 230 | 120.7% |
| United Kingdom | 115 | 120 | 184 | 155 | 10.5% |
| Philippines | 48.1 | 122 | 113 | 131 | 39.7% |
| Tunisia | 53.1 | 55.5 | 98.1 | 72.4 | 10.9% |
| Others | 509 | 558 | 987 | 671 | 9.6% |
| Total | 2,507 | 3,670 | 5,130 | 4,724 | 23.5% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Switzerland in 2022:
- Italy (257.1 tons)
- France (187.9 tons)
- Germany (28.4 tons)
- United Kingdom (17.1 tons)
- Sweden (17.1 tons)
- Philippines (15.7 tons)
- Tunisia (9.1 tons)
- United States (8.1 tons)
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