Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,916 per ton in January 2024, shrinking by -17.6% against the previous month. Overall, the import price recorded a noticeable curtailment. The growth pace was the most rapid in December 2023 when the average import price increased by 73% m-o-m. Over the period under review, average import prices hit record highs at $2,439 per ton in January 2023; however, from February 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 Thailand ($12,716 per ton), while the price for the United States ($1,075 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 China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,937 per ton, dropping by -9.9% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 1,901% against the previous year. As a result, the export price attained the peak level of $45,613 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,681 per ton), while the average price for exports to the UK stood at $1,815 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.8%).
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland
Imports of iron or non-alloy steel wire, not plated or coateds into Ireland dropped to 4.8K tons in 2022, shrinking by -7.8% against the previous year's figure. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of 5.2K tons, and then shrank in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds expanded sharply to $7.6M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +79.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,851 | 1,720 | 2,682 | 3,609 | 8.2% |
| United Kingdom | 1,070 | 1,292 | 1,113 | 1,043 | -0.8% |
| Thailand | N/A | N/A | 283 | 668 | 136.0% |
| Germany | 148 | 387 | 529 | 539 | 53.9% |
| China | 373 | 527 | 216 | 464 | 7.5% |
| Turkey | 16.5 | 23.6 | 43.2 | 377 | 183.8% |
| Portugal | 565 | 60.4 | 998 | 329 | -16.5% |
| Others | 707 | 243 | 881 | 593 | -5.7% |
| Total | 5,731 | 4,254 | 6,745 | 7,620 | 10.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Ireland in 2022:
- Spain (2481.3 tons)
- United Kingdom (623.3 tons)
- Portugal (363.7 tons)
- China (345.8 tons)
- Turkey (320.1 tons)
- Germany (245.0 tons)
- Thailand (97.8 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland
In 2022, approx. 7.7 tons of iron or non-alloy steel wire, not plated or coateds were exported from Ireland; which is down by -85.7% compared with the previous year's figure. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 613% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined significantly to $15K in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -66.4% was in 2021.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 5.1 | 0.3 | 0.1 | N/A | -86.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.1 | 0.3 | 0.1 | N/A | -86.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Ireland in 2022:
- United Kingdom (6.7 tons)
- Australia (1.0 tons)
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