Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,687 per ton in March 2022, growing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 12% month-to-month. Over the period under review, average import prices hit record highs in March 2022.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was South Korea ($8,065 per ton), while the price for Thailand ($1,459 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,229 per ton, increasing by 1.9% against the previous year. In general, the export price, however, faced a deep downturn. The pace of growth was the most pronounced in 2021 an increase of 12%. The export price peaked at $5,463 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,154 per ton), while the average price for exports to Malaysia ($358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia
In 2022, the amount of iron or non-alloy steel wire, plated or coated with non-zinc base metalses imported into Indonesia declined to 31K tons, dropping by -11.4% against the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% 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 +31.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of 35K tons, and then declined in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses totaled $50M in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.2 | 12.6 | 17.9 | 21.7 | 12.6% |
| China | 5.6 | 6.6 | 17.3 | 17.4 | 45.9% |
| Vietnam | 4.1 | 3.4 | 5.9 | 6.8 | 18.4% |
| Thailand | 1.7 | 1.3 | 2.8 | 2.1 | 7.3% |
| Others | 2.5 | 2.1 | 3.2 | 2.1 | -5.6% |
| Total | 29.1 | 26.1 | 47.1 | 50.2 | 19.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Indonesia in 2022:
- Malaysia (14.2K tons)
- China (10.6K tons)
- Vietnam (4.4K tons)
- Thailand (1.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia
Exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Indonesia reduced markedly to 3.8K tons in 2022, with a decrease of -44.1% on the previous year's figure. In general, exports recorded a precipitous decrease. The smallest decline of -6% was in 2020.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reduced remarkably to $4.7M in 2022. Overall, exports saw a abrupt contraction. The smallest decline of less than 0.1% was in 2021.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.7 | 2.7 | 3.0 | 1.9 | -19.9% |
| India | 2.8 | 1.8 | 2.4 | 0.8 | -34.1% |
| China | 0.2 | 1.3 | 1.0 | 0.7 | 51.8% |
| Australia | 1.1 | 0.7 | 0.4 | 0.3 | -35.2% |
| Malaysia | 0.6 | 0.7 | 0.4 | 0.3 | -20.6% |
| South Korea | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Singapore | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| Others | 0.3 | 0.6 | 0.8 | 0.5 | 18.6% |
| Total | 9.1 | 8.2 | 8.2 | 4.7 | -19.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Indonesia in 2022:
- New Zealand (1303.7 tons)
- Malaysia (831.3 tons)
- India (526.4 tons)
- South Korea (335.7 tons)
- China (330.1 tons)
- Australia (206.4 tons)
- Singapore (46.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the market for iron and steel wire in Indonesia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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