Price for Wire of Other Alloy Steel in Uzbekistan - 2023
Contents:
- Price for Wire of Other Alloy Steel in Uzbekistan (CIF) - 2022
- Price for Wire of Other Alloy Steel in Uzbekistan (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Uzbekistan
- Exports of Wire of Other Alloy Steel in Uzbekistan
Price for Wire of Other Alloy Steel in Uzbekistan (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,184 per ton in 2022, waning by -20% against the previous year. Over the period under review, import price indicated a resilient increase from 2017 to 2022: its price increased at an average annual rate of +9.7% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +58.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. As a result, import price reached the peak level of $1,479 per ton, and then contracted sharply in the following year.
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 Turkey ($2,034 per ton), while the price for Iran ($763 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Uzbekistan (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,706 per ton, which is down by -43.1% against the previous year. Overall, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 151% against the previous year. As a result, the export price reached the peak level of $3,000 per ton, and then declined dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Tajikistan.
From 2020 to 2022, the rate of growth in terms of prices for Tajikistan amounted to +19.6% per year.
Imports of Wire of Other Alloy Steel in Uzbekistan
In 2022, after two years of decline, there was significant growth in purchases abroad of wire of other alloy steels, when their volume increased by 79% to 3.2K tons. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel imports skyrocketed to $3.7M in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Wire of Other Alloy Steel in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,161 | 672 | 712 | 1,586 | 11.0% |
| Russia | 513 | 238 | 512 | 793 | 15.6% |
| Belarus | 150 | 283 | 464 | 408 | 39.6% |
| Turkey | 693 | 151 | 380 | 401 | -16.7% |
| South Korea | 394 | 325 | 331 | 347 | -4.1% |
| Ukraine | 13.9 | 15.8 | 79.6 | 118 | 104.0% |
| Iran | N/A | N/A | 49.7 | 53.9 | 8.5% |
| Others | 132 | 84.9 | 84.3 | 36.0 | -35.2% |
| Total | 3,056 | 1,769 | 2,613 | 3,743 | 7.0% |
Top Suppliers of Wire of Other Alloy Steel to Uzbekistan in 2022:
- China (1814.0 tons)
- Russia (575.4 tons)
- Belarus (255.2 tons)
- Turkey (197.3 tons)
- South Korea (175.3 tons)
- Iran (70.7 tons)
- Ukraine (60.8 tons)
Exports of Wire of Other Alloy Steel in Uzbekistan
In 2022, approx. 6.6 tons of wire of other alloy steels were exported from Uzbekistan; rising by 662,900% compared with 2021 figures. In general, exports, however, faced a precipitous setback.
In value terms, wire of other alloy steel exports soared to $11K in 2022. Over the period under review, exports, however, saw a drastic downturn.
| Export of Wire of Other Alloy Steel in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Tajikistan | 15.6 | N/A | 11.3 | -14.9% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 15.6 | N/A | 11.3 | -14.9% | |
Top Export Markets for Wire of Other Alloy Steel from Uzbekistan in 2022:
- Tajikistan (6.6 tons)
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