Price for Wire of Other Alloy Steel in Switzerland - 2023
Contents:
- Price for Wire of Other Alloy Steel in Switzerland (CIF) - 2023
- Price for Wire of Other Alloy Steel in Switzerland (FOB) - 2023
- Imports of Wire of Other Alloy Steel in Switzerland
- Exports of Wire of Other Alloy Steel in Switzerland
Price for Wire of Other Alloy Steel in Switzerland (CIF) - 2023
The average import price for wire of other alloy steels stood at $2,756 per ton in August 2023, remaining stable against the previous month. In general, the import price, however, recorded a mild contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 188% month-to-month. As a result, import price attained the peak level of $8,390 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7,862 per ton), while the price for Italy ($2,346 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Wire of Other Alloy Steel in Switzerland (FOB) - 2023
The average export price for wire of other alloy steels stood at $13,391 per ton in August 2023, picking up by 108% against the previous month. Over the period under review, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12,863 per ton), while the average price for exports to Germany ($1,138 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+70.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Switzerland
In 2022, wire of other alloy steel imports into Switzerland reduced modestly to 20K tons, shrinking by -1.8% on 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 21K tons, and then shrank slightly in the following year.
In value terms, wire of other alloy steel imports stood at $60M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Wire of Other Alloy Steel in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.0 | 18.0 | 26.2 | 28.2 | 12.1% |
| China | 1.5 | 1.2 | 5.6 | 11.2 | 95.5% |
| Austria | 5.5 | 5.0 | 9.3 | 6.6 | 6.3% |
| Italy | 3.6 | 3.4 | 5.4 | 6.5 | 21.8% |
| Japan | 4.2 | 3.9 | 3.7 | 3.8 | -3.3% |
| Belgium | N/A | N/A | 0.2 | 1.0 | 400.0% |
| Others | 7.3 | 6.4 | 2.1 | 2.6 | -29.1% |
| Total | 42.2 | 37.9 | 52.6 | 59.9 | 12.4% |
Top Suppliers of Wire of Other Alloy Steel to Switzerland in 2022:
- Germany (11.9K tons)
- Italy (2.8K tons)
- Austria (2.0K tons)
- Japan (1.5K tons)
- China (0.8K tons)
- Belgium (0.3K tons)
Exports of Wire of Other Alloy Steel in Switzerland
Wire of other alloy steel exports from Switzerland surged to 579 tons in 2022, rising by 44% on 2021 figures. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports dropped to $4.8M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year.
| Export of Wire of Other Alloy Steel in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,091 | 1,289 | 1,442 | 1,480 | 10.7% |
| France | 86.6 | 473 | 942 | 826 | 112.1% |
| Sweden | N/A | N/A | N/A | 595 | 0% |
| Germany | 539 | 719 | 700 | 579 | 2.4% |
| United Kingdom | 111 | 120 | 184 | 155 | 11.8% |
| Philippines | 46.5 | 122 | 113 | 131 | 41.2% |
| Tunisia | 51.4 | 55.5 | 97.8 | 72.4 | 12.1% |
| Others | 613 | 932 | 1,669 | 924 | 14.7% |
| Total | 2,539 | 3,710 | 5,148 | 4,762 | 23.3% |
Top Export Markets for Wire of Other Alloy Steel from Switzerland in 2022:
- Italy (252.8 tons)
- France (184.8 tons)
- Germany (33.7 tons)
- United Kingdom (16.8 tons)
- Sweden (16.8 tons)
- Philippines (15.5 tons)
- Tunisia (8.9 tons)
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