Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,045 per ton, growing by 8.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $2,078 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for Poland amounted to +10.1% per month.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,482 per ton in January 2024, which is down by -21.8% against the previous month. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in November 2023 an increase of 42% month-to-month. Over the period under review, the average export prices hit record highs at $2,000 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From January 2023 to January 2024, the rate of growth in terms of prices for Slovenia amounted to +11.8% per month.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria
In 2022, imports of iron or non-alloy steel wire, plated or coated with zincs into Austria amounted to 29K tons, therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs reached $43M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.4 | 8.4 | 13.2 | 14.5 | 11.7% |
| China | 0.9 | 2.4 | 5.8 | 8.0 | 107.1% |
| Italy | 3.7 | 3.2 | 4.3 | 6.8 | 22.5% |
| Slovakia | 2.8 | 4.2 | 5.5 | 5.7 | 26.7% |
| Spain | 1.6 | 1.0 | 2.0 | 2.4 | 14.5% |
| Czech Republic | 2.0 | 1.9 | 2.9 | 1.7 | -5.3% |
| Poland | 2.6 | 1.9 | 1.9 | 1.4 | -18.6% |
| Netherlands | 1.4 | 1.9 | 2.1 | 0.9 | -13.7% |
| Others | 2.8 | 1.1 | 2.6 | 1.6 | -17.0% |
| Total | 28.1 | 25.9 | 40.1 | 42.9 | 15.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Austria in 2022:
- Germany (11.7K tons)
- China (4.7K tons)
- Slovakia (4.4K tons)
- Italy (3.5K tons)
- Czech Republic (1.5K tons)
- Poland (1.4K tons)
- Spain (1.2K tons)
- Netherlands (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by -32.4% to 4.9K tons. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of 7.2K tons, and then contracted markedly in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs fell dramatically to $8.1M in 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, the exports attained the peak of $12M, and then reduced sharply in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 4.0 | 8.4 | 3.4 | 9.4% |
| Czech Republic | 0.6 | 0.6 | 0.5 | 1.3 | 29.4% |
| Hungary | 0.5 | 0.5 | 0.5 | 0.7 | 11.9% |
| Slovakia | 0.3 | 0.4 | 0.7 | 0.7 | 32.6% |
| Greece | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Italy | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| Slovenia | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Others | 1.1 | 0.4 | 0.8 | 0.7 | -14.0% |
| Total | 6.0 | 6.8 | 12.4 | 8.1 | 10.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Austria in 2022:
- Germany (2437.6 tons)
- Czech Republic (753.7 tons)
- Greece (370.0 tons)
- Slovakia (348.0 tons)
- Hungary (328.5 tons)
- Italy (236.9 tons)
- Slovenia (96.8 tons)
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