Price for Wire of Other Alloy Steel in Italy - 2023
Contents:
- Price for Wire of Other Alloy Steel in Italy (FOB) - 2023
- Price for Wire of Other Alloy Steel in Italy (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Italy
- Imports of Wire of Other Alloy Steel in Italy
Price for Wire of Other Alloy Steel in Italy (FOB) - 2023
The average export price for wire of other alloy steels stood at $2,220 per ton in August 2023, remaining relatively unchanged against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 6.4% against the previous month. As a result, the export price attained the peak level of $2,397 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($3,325 per ton), while the average price for exports to Turkey ($1,239 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Italy (CIF) - 2023
The average import price for wire of other alloy steels stood at $2,085 per ton in August 2023, with an increase of 4% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 28% month-to-month. Over the period under review, average import prices attained the maximum at $2,326 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($8,850 per ton), while the price for China ($1,078 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Italy
Wire of other alloy steel exports from Italy amounted to 123K tons in 2022, surging by 2.5% on the previous year. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel exports surged to $270M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Wire of Other Alloy Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.5 | 19.5 | 36.3 | 57.4 | 32.8% |
| United States | 20.9 | 17.1 | 25.0 | 28.3 | 10.6% |
| France | 12.3 | 11.2 | 21.8 | 22.6 | 22.5% |
| Netherlands | 3.5 | 4.0 | 16.0 | 19.1 | 76.1% |
| Spain | 9.0 | 7.6 | 14.6 | 17.3 | 24.3% |
| Poland | 8.8 | 6.2 | 13.4 | 15.1 | 19.7% |
| Austria | 4.0 | 2.5 | 4.5 | 11.7 | 43.0% |
| Canada | 3.4 | 3.2 | 5.3 | 9.7 | 41.8% |
| United Kingdom | 3.1 | 3.3 | 7.3 | 8.6 | 40.5% |
| Turkey | 4.0 | 4.1 | 7.9 | 7.3 | 22.2% |
| Sweden | 5.1 | 3.8 | 7.8 | 7.3 | 12.7% |
| Switzerland | 3.4 | 2.8 | 5.0 | 6.2 | 22.2% |
| Hungary | 1.4 | 1.5 | 5.2 | 6.1 | 63.3% |
| Others | 32.1 | 26.3 | 42.9 | 53.5 | 18.6% |
| Total | 136 | 113 | 213 | 270 | 25.7% |
Top Export Markets for Wire of Other Alloy Steel from Italy in 2022:
- Germany (25.9K tons)
- France (11.2K tons)
- United States (10.5K tons)
- Netherlands (9.6K tons)
- Spain (8.2K tons)
- Poland (7.8K tons)
- Austria (5.5K tons)
- Sweden (4.1K tons)
- Canada (4.0K tons)
- Hungary (3.1K tons)
- Turkey (3.0K tons)
- United Kingdom (3.0K tons)
- Switzerland (2.8K tons)
Imports of Wire of Other Alloy Steel in Italy
In 2022, wire of other alloy steel imports into Italy was estimated at 53K tons, picking up by 14% compared with the year before. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +96.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel imports surged to $99M in 2022. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Wire of Other Alloy Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.4 | 4.0 | 21.7 | 30.1 | 322.2% |
| Germany | 20.9 | 12.6 | 13.2 | 16.4 | -7.8% |
| Czech Republic | 17.6 | 9.8 | 8.8 | 14.3 | -6.7% |
| France | 4.0 | 4.2 | 5.1 | 8.1 | 26.5% |
| Austria | 12.6 | 3.6 | 5.0 | 7.5 | -15.9% |
| Belgium | 0.1 | 0.1 | 1.0 | 3.2 | 217.5% |
| China | 1.0 | 0.9 | 1.5 | 2.1 | 28.1% |
| Russia | N/A | 1.3 | 3.4 | 1.6 | 10.9% |
| Others | 8.1 | 10.0 | 14.6 | 15.7 | 24.7% |
| Total | 64.8 | 46.4 | 74.5 | 98.9 | 15.1% |
Top Suppliers of Wire of Other Alloy Steel to Italy in 2022:
- Turkey (23.1K tons)
- Czech Republic (9.9K tons)
- Germany (5.3K tons)
- France (3.9K tons)
- Austria (2.4K tons)
- Belgium (1.2K tons)
- China (1.1K tons)
- Russia (1.1K tons)
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