Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $887 per ton, increasing by 2.6% against the previous month. In general, the export price, however, saw a mild contraction. The export price peaked at $1,054 per ton in March 2023; however, from April 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In January 2024, the countries with the highest prices were Serbia ($915 per ton) and Spain ($914 per ton), while the average price for exports to Qatar ($792 per ton) and Israel ($807 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.9%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,345 per ton in January 2024, with a decrease of -13.9% against the previous month. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in August 2023 an increase of 21% m-o-m. Over the period under review, average import prices attained the peak figure at $2,409 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,834 per ton), while the price for Iran ($580 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Iran (+2.7%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey
Exports of iron or non-alloy steel wire, not plated or coateds from Turkey dropped to 75K tons in 2022, declining by -6.7% compared with 2021 figures. In general, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. As a result, the exports attained the peak of 81K tons, and then contracted in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds rose to $86M in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 5.3 | 4.0 | 9.9 | 9.5 | 21.5% |
| Serbia | 1.5 | 1.1 | 7.1 | 7.0 | 67.1% |
| Poland | 1.1 | 0.1 | 2.5 | 6.0 | 76.0% |
| Canada | 0.5 | 0.9 | 3.8 | 4.1 | 101.7% |
| Spain | 1.5 | 0.4 | 1.1 | 3.5 | 32.6% |
| Portugal | 2.5 | 0.9 | 2.1 | 3.4 | 10.8% |
| Azerbaijan | 2.0 | 0.8 | 3.6 | 3.4 | 19.3% |
| Tunisia | 1.7 | 1.2 | 3.5 | 3.4 | 26.0% |
| Egypt | 1.7 | 1.4 | 2.6 | 3.2 | 23.5% |
| Morocco | 1.4 | 0.6 | 1.3 | 2.9 | 27.5% |
| Brazil | 1.5 | 1.6 | 10.6 | 2.8 | 23.1% |
| Bulgaria | 2.0 | 0.6 | 1.3 | 2.6 | 9.1% |
| United Kingdom | 2.1 | 1.0 | 2.9 | 2.2 | 1.6% |
| Others | 34.4 | 19.6 | 31.2 | 32.4 | -2.0% |
| Total | 59.1 | 34.1 | 83.6 | 86.3 | 13.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Turkey in 2022:
- Israel (9.2K tons)
- Serbia (6.1K tons)
- Poland (5.6K tons)
- Canada (3.4K tons)
- Spain (3.2K tons)
- Portugal (3.0K tons)
- Azerbaijan (2.9K tons)
- Tunisia (2.6K tons)
- Morocco (2.5K tons)
- Egypt (2.4K tons)
- Bulgaria (2.4K tons)
- Brazil (2.2K tons)
- United Kingdom (1.9K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey
After two years of decline, overseas purchases of iron or non-alloy steel wire, not plated or coateds increased by 4.1% to 3.9K tons in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds amounted to $7.6M in 2022. The total import value increased at an average annual rate of +8.7% 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 2021 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,864 | 1,593 | 2,411 | 1,867 | 0.1% |
| Austria | 644 | 1,076 | 195 | 1,406 | 29.7% |
| Germany | 557 | 393 | 1,239 | 1,099 | 25.4% |
| Slovakia | 826 | 645 | 650 | 1,067 | 8.9% |
| South Korea | 559 | 526 | 718 | 775 | 11.5% |
| Belgium | 75.9 | 211 | 106 | 310 | 59.8% |
| China | 215 | 207 | 178 | 279 | 9.1% |
| United Kingdom | 85.1 | 135 | 751 | 245 | 42.3% |
| Iran | 160 | N/A | 4.5 | 62.8 | -26.8% |
| Spain | 294 | 129 | 266 | 32.1 | -52.2% |
| Others | 602 | 675 | 326 | 416 | -11.6% |
| Total | 5,883 | 5,590 | 6,845 | 7,559 | 8.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Turkey in 2022:
- Italy (943.3 tons)
- Austria (758.6 tons)
- Germany (741.0 tons)
- Slovakia (511.8 tons)
- South Korea (298.3 tons)
- United Kingdom (132.7 tons)
- Belgium (122.7 tons)
- China (96.0 tons)
- Iran (84.8 tons)
- Spain (20.7 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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 Turkey.
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This report provides an in-depth analysis of the market for iron and steel wire in Turkey.
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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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