Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,302 per ton in January 2024, which is down by -9.2% against the previous month. In general, the import price saw a mild curtailment. The pace of growth was the most pronounced in July 2023 an increase of 16% month-to-month. The import price peaked at $1,616 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($1,039 per ton), while the price for China stood at $1,021 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $4,680 per ton in 2022, surging by 700% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 1,752% against the previous year. As a result, the export price reached the peak level of $40,430 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($9,966 per ton), while the average price for exports to China ($2,629 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 Sweden (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland
In 2022, imports of iron or non-alloy steel wire, plated or coated with zincs into Finland amounted to 16K tons, leveling off at the previous year. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 649%. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs soared to $25M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 6.2 | 7.3 | 8.3 | 10.6 | 19.6% |
| Slovakia | 5.1 | 4.1 | 5.8 | 5.4 | 1.9% |
| China | 0.9 | 1.3 | 2.4 | 2.2 | 34.7% |
| Sweden | 4.1 | 2.8 | 3.4 | 1.9 | -22.6% |
| Turkey | 0.9 | 1.1 | N/A | 1.3 | 13.0% |
| Germany | 1.2 | 0.8 | 0.6 | 1.1 | -2.9% |
| Luxembourg | 1.0 | 0.1 | N/A | 0.9 | -3.5% |
| Others | 0.9 | 1.1 | 0.8 | 1.5 | 18.6% |
| Total | 20.3 | 18.6 | 21.3 | 24.8 | 6.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Finland in 2022:
- Czech Republic (6.5K tons)
- Slovakia (3.8K tons)
- China (1.5K tons)
- Sweden (1.2K tons)
- Turkey (1.1K tons)
- Luxembourg (0.7K tons)
- Germany (0.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland
After three years of growth, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -96.7% to 12 tons in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,017% against the previous year. As a result, the exports reached the peak of 374 tons, and then reduced notably in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs contracted rapidly to $57K in 2022. Over the period under review, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by 360% against the previous year. As a result, the exports attained the peak of $219K, and then fell remarkably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 26.2 | 26.3 | 43.2 | 31.1 | 5.9% |
| Russia | 7.5 | 14.1 | 47.4 | 10.4 | 11.5% |
| Netherlands | 1.5 | 3.9 | 4.3 | 7.5 | 71.0% |
| Sweden | 0.3 | 0.9 | 3.4 | 3.5 | 126.8% |
| Uruguay | N/A | N/A | 0.9 | 2.1 | 133.3% |
| Latvia | N/A | 0.3 | 2.1 | 1.9 | 151.7% |
| United Arab Emirates | N/A | N/A | 114 | N/A | 0% |
| Others | 24.2 | 2.0 | 3.2 | 0.7 | -69.3% |
| Total | 59.7 | 47.5 | 219 | 57.1 | -1.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Finland in 2022:
- Estonia (7.1 tons)
- Russia (2.8 tons)
- Netherlands (1.0 tons)
- Sweden (0.6 tons)
- Latvia (0.4 tons)
- Uruguay (0.2 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Finland.
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This report provides an in-depth analysis of the market for iron and steel wire in Finland.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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