Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,101 per ton in December 2023, with an increase of 1.7% against the previous month. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in March 2023 an increase of 2% month-to-month. As a result, the export price attained the peak level of $1,316 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In December 2023, the countries with the highest prices were Malaysia ($1,379 per ton) and Poland ($1,201 per ton), while the average price for exports to Thailand ($921 per ton) and the United States ($924 per ton) were amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,417 per ton in December 2023, dropping by -30.8% against the previous month. Over the period under review, the import price showed a perceptible descent. The pace of growth was the most pronounced in November 2023 an increase of 37% month-to-month. The import price peaked at $4,260 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,850 per ton), while the price for Thailand ($514 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China
Exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from China stood at 342K tons in 2022, picking up by 2.8% against 2021. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses reached $515M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +77.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59% 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, Plated or Coated with Non-Zinc Base Metals in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 41.1 | 36.9 | 68.4 | 72.8 | 21.0% |
| Thailand | 47.9 | 56.3 | 76.5 | 64.6 | 10.5% |
| Vietnam | 8.4 | 18.4 | 25.5 | 37.8 | 65.1% |
| Mexico | 13.1 | 11.6 | 22.2 | 32.9 | 35.9% |
| South Korea | 27.9 | 17.0 | 26.7 | 29.2 | 1.5% |
| Turkey | 13.5 | 9.8 | 26.2 | 28.7 | 28.6% |
| Romania | 6.1 | 6.8 | 13.5 | 26.7 | 63.6% |
| Germany | 12.9 | 13.7 | 19.4 | 20.5 | 16.7% |
| Indonesia | 8.4 | 8.3 | 21.6 | 20.0 | 33.5% |
| Japan | 19.1 | 14.8 | 24.6 | 19.7 | 1.0% |
| United States | 22.6 | 12.9 | 17.7 | 19.5 | -4.8% |
| Italy | 10.7 | 8.3 | 13.5 | 17.3 | 17.4% |
| Poland | 3.9 | 3.8 | 8.1 | 12.7 | 48.2% |
| Others | 89.8 | 71.5 | 97.1 | 112 | 7.6% |
| Total | 326 | 290 | 461 | 515 | 16.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from China in 2022:
- Thailand (53.2K tons)
- India (47.3K tons)
- Vietnam (20.7K tons)
- South Korea (20.4K tons)
- Mexico (20.2K tons)
- Turkey (18.7K tons)
- Romania (18.6K tons)
- Indonesia (14.4K tons)
- United States (13.4K tons)
- Germany (13.0K tons)
- Japan (12.9K tons)
- Italy (11.2K tons)
- Poland (7.8K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China
In 2022, approx. 7.1K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into China; reducing by -8% on 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses fell to $23M in 2022. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 36%.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.3 | 5.1 | 7.7 | 7.1 | 4.1% |
| Japan | 4.5 | 3.1 | 3.5 | 4.7 | 1.5% |
| Austria | 8.7 | 2.5 | 2.4 | 3.3 | -27.6% |
| Germany | 4.0 | 3.2 | 4.2 | 2.8 | -11.2% |
| Taiwan (Chinese) | 1.6 | 1.5 | 1.9 | 1.6 | 0.0% |
| Vietnam | 1.0 | 0.5 | 0.9 | 1.2 | 6.3% |
| Thailand | N/A | N/A | 0.9 | 0.6 | -33.3% |
| Belgium | 1.7 | 0.9 | 1.3 | 0.3 | -43.9% |
| Others | 1.3 | 1.3 | 2.1 | 1.7 | 9.4% |
| Total | 29.3 | 18.1 | 24.7 | 23.4 | -7.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to China in 2022:
- South Korea (1584.4 tons)
- Japan (1507.4 tons)
- Thailand (1119.1 tons)
- Vietnam (586.7 tons)
- Germany (544.1 tons)
- Austria (526.6 tons)
- Taiwan (Chinese) (331.6 tons)
- Belgium (117.7 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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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.
453
This report provides an in-depth analysis of the market for iron and steel wire in China.
254
This report provides an in-depth analysis of the market for iron and steel wire in China.
1944
This report provides an in-depth analysis of the global market for iron and steel wire.
537
This report provides an in-depth analysis of the global market for iron and steel wire.
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