Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,717 per ton, increasing by 28% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, plated or coated with zincs increased by +69.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($2,045 per ton), while the average price for exports to Belgium ($1,353 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 the UK (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,282 per ton, waning by -15.5% against the previous month. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in December 2023 an increase of 14% month-to-month. Over the period under review, average import prices reached the peak figure at $1,663 per ton in January 2023; however, from February 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 Ukraine ($1,666 per ton), while the price for Turkey ($885 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bulgaria (+12.3%), 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 Zinc in Italy
After three years of growth, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -25.7% to 65K tons in 2022. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 7.1%. As a result, the exports attained the peak of 88K tons, and then dropped rapidly in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs shrank modestly to $112M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +36.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. As a result, the exports attained the peak of $118M, and then fell modestly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 18.8 | 19.5 | 28.5 | 37.3 | 25.7% |
| Germany | 11.3 | 8.6 | 13.4 | 12.0 | 2.0% |
| Slovakia | 4.6 | 4.7 | 8.2 | 9.6 | 27.8% |
| Spain | 8.3 | 8.5 | 11.8 | 8.7 | 1.6% |
| Austria | 2.8 | 2.6 | 3.6 | 5.3 | 23.7% |
| Poland | 4.2 | 4.7 | 7.7 | 4.8 | 4.6% |
| Belgium | 4.0 | 4.5 | 6.6 | 2.9 | -10.2% |
| Hungary | 4.9 | 3.3 | 4.2 | 2.0 | -25.8% |
| Portugal | 2.3 | 2.2 | 2.2 | 1.9 | -6.2% |
| Romania | 1.7 | 1.9 | 1.9 | 1.8 | 1.9% |
| Netherlands | 2.9 | 2.2 | 3.3 | 1.8 | -14.7% |
| Albania | 2.3 | 2.8 | 2.1 | 0.8 | -29.7% |
| Sweden | 0.6 | 3.1 | 0.8 | 0.6 | 0.0% |
| Others | 13.6 | 14.6 | 23.4 | 22.5 | 18.3% |
| Total | 82.2 | 83.3 | 118 | 112 | 10.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Italy in 2022:
- France (21.3K tons)
- Germany (7.0K tons)
- Slovakia (6.5K tons)
- Spain (5.3K tons)
- Poland (2.9K tons)
- Austria (2.6K tons)
- Belgium (2.1K tons)
- Romania (1.1K tons)
- Hungary (1.1K tons)
- Netherlands (1.0K tons)
- Portugal (1.0K tons)
- Albania (0.5K tons)
- Sweden (0.3K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy
Imports of iron or non-alloy steel wire, plated or coated with zincs into Italy expanded rapidly to 59K tons in 2022, surging by 6% compared with 2021. The total import volume increased at an average annual rate of +4.4% 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 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $97M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +80.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.5 | 12.3 | 14.4 | 19.1 | 15.2% |
| China | 7.8 | 8.5 | 10.0 | 11.9 | 15.1% |
| Czech Republic | 10.3 | 4.8 | 7.1 | 9.3 | -3.3% |
| Spain | 6.3 | 6.2 | 7.8 | 9.1 | 13.0% |
| Albania | N/A | N/A | 3.8 | 7.8 | 105.3% |
| Turkey | 4.6 | 1.1 | 2.2 | 7.6 | 18.2% |
| Slovakia | 5.4 | 3.6 | 4.7 | 6.8 | 8.0% |
| Belgium | 3.4 | 2.3 | 3.6 | 4.9 | 13.0% |
| Germany | 2.2 | 4.5 | 7.9 | 4.6 | 27.9% |
| Luxembourg | 2.1 | 1.5 | 2.6 | 4.0 | 24.0% |
| Bulgaria | 1.1 | 2.0 | 1.8 | 3.1 | 41.3% |
| Greece | 0.5 | 0.2 | 1.6 | 2.0 | 58.7% |
| Others | 7.1 | 6.4 | 9.3 | 6.6 | -2.4% |
| Total | 63.3 | 53.5 | 77.0 | 96.7 | 15.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Italy in 2022:
- France (11.0K tons)
- China (6.8K tons)
- Turkey (6.6K tons)
- Albania (6.2K tons)
- Czech Republic (5.2K tons)
- Spain (4.9K tons)
- Germany (3.2K tons)
- Slovakia (2.9K tons)
- Belgium (2.6K tons)
- Bulgaria (2.4K tons)
- Luxembourg (2.0K tons)
- Greece (1.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Italy.
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This report provides an in-depth analysis of the market for iron and steel wire in Italy.
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This report provides an in-depth analysis of the market for iron and steel wire in Italy.
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