Serbia - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in Serbia - 2023
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in Serbia (CIF) - 2022
- Price for Deformed Non-Alloy Steel Wire Rod in Serbia (FOB) - 2022
- Imports of Deformed Non-Alloy Steel Wire Rod in Serbia
- Exports of Deformed Non-Alloy Steel Wire Rod in Serbia
Price for Deformed Non-Alloy Steel Wire Rod in Serbia (CIF) - 2022
The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $896 per ton in 2022, rising by 10% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, deformed non-alloy steel wire rod import price increased by +73.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($977 per ton) and Italy ($942 per ton), while the price for Greece ($834 per ton) and Bosnia and Herzegovina ($887 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Deformed Non-Alloy Steel Wire Rod in Serbia (FOB) - 2022
The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $783 per ton in 2022, dropping by -9.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66%. As a result, the export price reached the peak level of $865 per ton, and then reduced in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Montenegro ($868 per ton) and Romania ($765 per ton), while the average price for exports to Hungary ($715 per ton) and Croatia ($729 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Deformed Non-Alloy Steel Wire Rod in Serbia
In 2022, overseas purchases of ribbed or other deformed wire rod of non-alloy steel decreased by -16.9% to 60K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
In value terms, deformed non-alloy steel wire rod imports contracted to $54M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of $59M, and then declined in the following year.
| Import of Deformed Non-Alloy Steel Wire Rod in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 17.5 | 23.0 | 42.7 | 37.1 | 28.5% |
| Turkey | N/A | 0.2 | 0.1 | 6.6 | 474.5% |
| Greece | 5.0 | 6.6 | 8.2 | 5.4 | 2.6% |
| Italy | 2.5 | 4.5 | 4.8 | 4.5 | 21.6% |
| Ukraine | 4.4 | 2.8 | 2.9 | N/A | -18.8% |
| Others | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Total | 29.5 | 37.2 | 58.9 | 54.0 | 22.3% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to Serbia in 2022:
- Bosnia and Herzegovina (41.9K tons)
- Turkey (6.7K tons)
- Greece (6.4K tons)
- Italy (4.7K tons)
Exports of Deformed Non-Alloy Steel Wire Rod in Serbia
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel exported from Serbia soared to 5K tons, picking up by 433% on the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, deformed non-alloy steel wire rod exports skyrocketed to $3.9M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Deformed Non-Alloy Steel Wire Rod in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 519 | 596 | 735 | 1,643 | 46.8% |
| Hungary | N/A | N/A | N/A | 1,237 | 0% |
| Bosnia and Herzegovina | 17.5 | 0.6 | 81.4 | 622 | 228.8% |
| Romania | N/A | N/A | N/A | 219 | 0% |
| Croatia | N/A | 4.0 | N/A | 198 | 603.6% |
| Others | N/A | 26.5 | 0.5 | 20.4 | -12.3% |
| Total | 537 | 627 | 817 | 3,940 | 94.3% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from Serbia in 2022:
- Montenegro (1892.1 tons)
- Hungary (1730.6 tons)
- Bosnia and Herzegovina (828.1 tons)
- Romania (286.1 tons)
- Croatia (271.9 tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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