Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain - 2024

Contents:

  1. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain (CIF) - 2024
  2. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain (FOB) - 2022
  3. Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain
  4. Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain (CIF) - 2024

The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,027 per ton in January 2024, increasing by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in February 2023 an increase of 14% against the previous month. The import price peaked in January 2024.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($3,980 per ton), while the price for Turkey ($1,073 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 (+1.8%), 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 Spain (FOB) - 2022

In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $352 per ton, which is down by -76.5% against the previous year. Overall, the export price recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,320%. As a result, the export price reached the peak level of $31,972 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($5,020 per ton), while the average price for exports to Italy ($96 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 Brazil (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain

In 2022, approx. 37K tons of steel alloy wire of materials other than silico-manganese steels were imported into Spain; growing by 15% compared with 2021 figures. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel alloy wire of materials other than silico-manganese steels skyrocketed to $61M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.8% 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 +76.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey6.512.817.927.160.9%
Luxembourg5.64.65.78.012.6%
Italy6.45.44.25.7-3.8%
Germany5.66.07.74.5-7.0%
South Korea2.02.02.83.823.9%
Austria2.31.92.52.52.8%
Belgium0.81.82.62.546.2%
China0.80.60.41.523.3%
RussiaN/AN/A1.71.0-41.2%
Poland1.30.10.1N/A-72.3%
Others3.52.63.34.811.1%
Total34.837.748.961.320.8%

Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Spain in 2022:

  1. Turkey (21.8K tons)
  2. Luxembourg (4.7K tons)
  3. Italy (2.9K tons)
  4. South Korea (1.5K tons)
  5. China (1.2K tons)
  6. Russia (0.9K tons)
  7. Belgium (0.8K tons)
  8. Austria (0.7K tons)
  9. Germany (0.7K tons)

Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain

Exports of steel alloy wire of materials other than silico-manganese steels from Spain soared to 1.8K tons in 2022, growing by 3,790% on 2021 figures. Overall, exports, however, faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 64,754% against the previous year.

In value terms, exports of steel alloy wire of materials other than silico-manganese steels surged to $630K in 2022. Over the period under review, exports, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 2,937%.

Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland3021.7N/A250-6.1%
Italy349N/AN/A57.6-45.1%
Czech Republic391N/AN/A35.7-55.0%
United Kingdom220N/A68.630.2-48.4%
Hungary511N/AN/A27.1-62.4%
France5,257N/AN/A17.3-85.1%
Germany1,877N/AN/A12.8-81.0%
Mexico200N/AN/A0.9-83.5%
Sweden1,584N/AN/AN/A0%
Morocco93.9N/AN/AN/A0%
Algeria499N/AN/AN/A0%
Portugal638N/AN/AN/A0%
Brazil374N/AN/AN/A0%
Others1,3960.60.3199-47.8%
Total13,6922.368.9630-64.2%

Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Spain in 2022:

  1. Poland (830.7 tons)
  2. Italy (599.6 tons)
  3. Hungary (187.7 tons)
  4. Czech Republic (91.1 tons)
  5. United Kingdom (53.7 tons)
  6. Germany (7.4 tons)
  7. France (7.0 tons)
  8. Mexico (0.2 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Steel, alloy; wire, of materials other than high speed or silico-manganese steel - Spain