Price for Steel Alloy Wire of Silico-Manganese Steel in Russia - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Russia (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Russia (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Russia
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Russia
Price for Steel Alloy Wire of Silico-Manganese Steel in Russia (CIF) - 2022
In 2022, the average import price for steel alloy wire of silico-manganese steels amounted to $1,503 per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,772 per ton), while the price for India ($963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Russia (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $687 per ton in 2022, with a decrease of -39.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 74%. The export price peaked at $1,748 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($805 per ton), while the average price for exports to Georgia ($370 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 Belarus (-7.4%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Russia
After two years of decline, overseas purchases of steel alloy wire of silico-manganese steels increased by 8.7% to 57K tons in 2022. Overall, imports, however, showed a mild descent.
In value terms, imports of steel alloy wire of silico-manganese steels skyrocketed to $86M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +63.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.4 | 27.9 | 35.5 | 50.5 | 13.7% |
| Belarus | 12.1 | 10.9 | 16.8 | 15.4 | 8.4% |
| Vietnam | 1.6 | 1.3 | 1.9 | 5.7 | 52.7% |
| Czech Republic | 7.0 | 6.1 | 9.4 | 3.8 | -18.4% |
| Turkey | 4.8 | 3.4 | 3.0 | 2.6 | -18.5% |
| Italy | 2.0 | 1.1 | 1.3 | 1.9 | -1.7% |
| India | 0.1 | 0.2 | N/A | 1.1 | 122.4% |
| Others | 2.6 | 1.9 | 2.3 | 5.2 | 26.0% |
| Total | 64.5 | 52.7 | 70.3 | 86.2 | 10.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Russia in 2022:
- China (34.3K tons)
- Belarus (11.1K tons)
- Vietnam (3.3K tons)
- Czech Republic (2.3K tons)
- Turkey (1.6K tons)
- India (1.2K tons)
- Italy (1.1K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Russia
In 2022, approx. 9.4K tons of steel alloy wire of silico-manganese steels were exported from Russia; increasing by 53% against the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 265%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of steel alloy wire of silico-manganese steels shrank to $6.5M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 1,429 | 3,885 | 4,404 | 2,432 | 19.4% |
| Bangladesh | 98.0 | 67.2 | 227 | 1,909 | 169.1% |
| Kazakhstan | 693 | 719 | 1,211 | 1,006 | 13.2% |
| Uzbekistan | 204 | 39.7 | 393 | 734 | 53.2% |
| Ukraine | 143 | 126 | 296 | 287 | 26.1% |
| Georgia | 0.1 | 29.5 | N/A | 81.8 | 835.2% |
| Others | 97.8 | 30.7 | 409 | 8.0 | -56.6% |
| Total | 2,665 | 4,897 | 6,939 | 6,457 | 34.3% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Russia in 2022:
- Belarus (3.7K tons)
- Bangladesh (2.4K tons)
- Kazakhstan (1.5K tons)
- Uzbekistan (1.2K tons)
- Ukraine (0.4K tons)
- Georgia (0.2K tons)
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