Price for Chain and Parts Thereof, of Iron or Steel in Italy - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Italy (FOB) - 2023
- Price for Chain and Parts Thereof, of Iron or Steel in Italy (CIF) - 2023
- Exports of Chain and Parts Thereof, of Iron or Steel in Italy
- Imports of Chain and Parts Thereof, of Iron or Steel in Italy
Price for Chain and Parts Thereof, of Iron or Steel in Italy (FOB) - 2023
In December 2023, the average export price for chain and parts thereof, of iron or steel amounted to $7,861 per ton, growing by 2.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 74% m-o-m. As a result, the export price attained the peak level of $13,123 per ton. From September 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was China ($11,426 per ton), while the average price for exports to Japan ($3,304 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Italy (CIF) - 2023
In December 2023, the average import price for chain and parts thereof, of iron or steel amounted to $8,172 per ton, picking up by 20% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 28% against the previous month. The import price peaked in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($41,902 per ton), while the price for China ($3,474 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in Italy
In 2022, the amount of chain and parts thereof, of iron or steel exported from Italy expanded significantly to 27K tons, increasing by 13% on 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of chain and parts thereof, of iron or steel soared to $248M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.6 | 28.4 | 36.2 | 38.7 | 3.8% |
| France | 26.3 | 22.7 | 29.7 | 36.1 | 11.1% |
| Austria | 15.2 | 12.2 | 16.6 | 15.0 | -0.4% |
| United States | 11.9 | 9.4 | 11.7 | 14.4 | 6.6% |
| Poland | 13.3 | 13.1 | 12.9 | 12.3 | -2.6% |
| Spain | 9.8 | 8.4 | 10.7 | 12.2 | 7.6% |
| United Kingdom | 12.3 | 10.6 | 10.7 | 11.6 | -1.9% |
| Netherlands | 5.2 | 4.7 | 7.1 | 7.6 | 13.5% |
| Russia | 1.9 | 2.0 | 2.2 | 7.5 | 58.0% |
| Hungary | 3.5 | 2.9 | 3.9 | 6.9 | 25.4% |
| Turkey | 3.2 | 4.7 | 5.4 | 5.8 | 21.9% |
| Romania | 4.4 | 3.6 | 5.3 | 5.8 | 9.6% |
| Denmark | 3.5 | 2.8 | 3.7 | 4.3 | 7.1% |
| Others | 56.2 | 50.6 | 57.7 | 69.8 | 7.5% |
| Total | 201 | 176 | 214 | 248 | 7.3% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Italy in 2022:
- France (4.5K tons)
- Germany (4.3K tons)
- Austria (1.8K tons)
- Poland (1.3K tons)
- Spain (1.3K tons)
- United States (1.2K tons)
- Netherlands (0.9K tons)
- United Kingdom (0.9K tons)
- Russia (0.9K tons)
- Hungary (0.6K tons)
- Turkey (0.5K tons)
- Romania (0.5K tons)
- Denmark (0.5K tons)
Imports of Chain and Parts Thereof, of Iron or Steel in Italy
In 2022, imports of chain and parts thereof, of iron or steel into Italy expanded markedly to 29K tons, growing by 13% compared with the previous year. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel reached $175M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Chain and Parts Thereof, of Iron or Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.5 | 30.3 | 40.6 | 53.1 | 13.3% |
| Germany | 30.0 | 33.9 | 43.3 | 34.2 | 4.5% |
| France | 15.6 | 38.2 | 17.3 | 15.1 | -1.1% |
| Japan | 9.3 | 8.8 | 12.6 | 14.5 | 16.0% |
| Netherlands | 5.1 | 8.6 | 9.8 | 8.9 | 20.4% |
| Austria | 6.5 | 5.2 | 10.2 | 7.5 | 4.9% |
| Czech Republic | 7.3 | 5.8 | 5.8 | 7.0 | -1.4% |
| Taiwan (Chinese) | 2.1 | 2.1 | 3.1 | 4.3 | 27.0% |
| Belgium | 1.5 | 2.8 | 3.7 | 3.2 | 28.7% |
| Vietnam | 1.0 | 1.2 | 1.7 | 2.8 | 40.9% |
| India | 2.3 | 1.3 | 2.3 | 2.1 | -3.0% |
| South Korea | 2.3 | 1.7 | 1.6 | 2.0 | -4.6% |
| Others | 12.3 | 19.5 | 22.4 | 20.8 | 19.1% |
| Total | 132 | 159 | 174 | 175 | 9.9% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Italy in 2022:
- China (15.1K tons)
- Germany (4.0K tons)
- France (1.2K tons)
- Czech Republic (1.1K tons)
- Japan (1.1K tons)
- Netherlands (0.9K tons)
- Austria (0.9K tons)
- Vietnam (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- India (0.5K tons)
- Belgium (0.5K tons)
- South Korea (0.5K tons)
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