Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,636 per ton in 2022, increasing by 22% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, not plated or coateds increased by +85.7% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,737 per ton), while the price for China ($1,224 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.6%), 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 the UK (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $3,121 per ton in 2022, rising by 29% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($15,189 per ton), while the average price for exports to Greece ($1,732 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 Ireland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into the UK surged to 61K tons, jumping by 23% on 2021 figures. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% 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 +71.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds skyrocketed to $100M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.5 | 11.3 | 27.9 | 22.2 | 12.7% |
| China | 1.8 | 1.7 | 2.8 | 19.1 | 119.7% |
| Germany | 1.7 | 2.5 | 4.8 | 10.2 | 81.7% |
| Portugal | 4.5 | 5.2 | 4.9 | 10.0 | 30.5% |
| United States | 0.3 | 0.1 | 2.6 | 6.9 | 184.4% |
| Brazil | N/A | N/A | N/A | 5.0 | 0% |
| Thailand | 9.8 | 4.7 | 0.2 | 3.3 | -30.4% |
| Czech Republic | 0.3 | 0.2 | 0.8 | 2.7 | 108.0% |
| Turkey | 2.1 | 0.6 | 2.8 | 2.2 | 1.6% |
| France | 1.4 | 0.6 | 1.0 | 2.2 | 16.3% |
| Taiwan (Chinese) | 0.1 | N/A | 1.0 | 2.0 | 171.4% |
| South Africa | 1.1 | 0.7 | 0.6 | 1.9 | 20.0% |
| Italy | 2.6 | 0.4 | 0.7 | 1.8 | -11.5% |
| Others | 8.7 | 4.9 | 16.2 | 10.0 | 4.8% |
| Total | 49.8 | 32.9 | 66.4 | 99.6 | 26.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to the UK in 2022:
- China (15.6K tons)
- Spain (14.4K tons)
- Portugal (7.0K tons)
- Germany (6.2K tons)
- Brazil (2.3K tons)
- United States (2.2K tons)
- Czech Republic (1.7K tons)
- South Africa (1.5K tons)
- Turkey (1.5K tons)
- Taiwan (Chinese) (1.2K tons)
- France (1.2K tons)
- Italy (1.0K tons)
- Thailand (0.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK
Exports of iron or non-alloy steel wire, not plated or coateds from the UK dropped to 6.6K tons in 2022, reducing by -8% against the previous year's figure. Overall, exports showed a dramatic shrinkage.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds soared to $21M in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.9 | 2.1 | 3.7 | 7.9 | 17.3% |
| United States | 2.7 | 1.7 | 4.6 | 4.2 | 15.9% |
| Ireland | 1.6 | 0.7 | 1.4 | 2.0 | 7.7% |
| Germany | 3.0 | 0.9 | 0.3 | 0.8 | -35.6% |
| Netherlands | 0.2 | N/A | 0.9 | 0.6 | 44.2% |
| France | 1.0 | 0.4 | 0.4 | 0.6 | -15.7% |
| Canada | 1.6 | 1.5 | 0.9 | 0.5 | -32.1% |
| Denmark | 3.6 | 2.7 | 0.1 | 0.5 | -48.2% |
| Greece | 0.7 | 0.4 | 0.6 | 0.4 | -17.0% |
| Lithuania | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Israel | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Belgium | 0.8 | 0.2 | 0.2 | 0.2 | -37.0% |
| Spain | 0.6 | 0.3 | 0.7 | N/A | 8.0% |
| Others | 3.0 | 3.0 | 3.0 | 2.4 | -7.2% |
| Total | 24.2 | 14.5 | 17.4 | 20.6 | -5.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from the UK in 2022:
- Brazil (2426.1 tons)
- United States (1222.7 tons)
- Ireland (717.6 tons)
- Germany (278.4 tons)
- France (257.0 tons)
- Greece (247.9 tons)
- Netherlands (197.8 tons)
- Denmark (153.0 tons)
- Lithuania (123.9 tons)
- Belgium (101.3 tons)
- Canada (94.0 tons)
- Israel (85.1 tons)
- Spain (18.3 tons)
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