Price for Steel Alloy Wire of Silico-Manganese Steel in Sweden - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Sweden (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Sweden (FOB) - 2024
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Sweden
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Sweden
Price for Steel Alloy Wire of Silico-Manganese Steel in Sweden (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,582 per ton in January 2024, declining by -22.6% against the previous month. In general, the import price showed a slight downturn. The most prominent rate of growth was recorded in February 2023 an increase of 4% against the previous month. The import price peaked at $2,082 per ton in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From January 2023 to January 2024, the rate of growth in terms of prices for Italy amounted to +0.9% per month.
Price for Steel Alloy Wire of Silico-Manganese Steel in Sweden (FOB) - 2024
In January 2024, the average export price for steel alloy wire of silico-manganese steels amounted to $2,734 per ton, shrinking by -18.1% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 14% against the previous month. As a result, the export price reached the peak level of $3,615 per ton. From August 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($6,524 per ton), while the average price for exports to Norway totaled $2,061 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Sweden
In 2022, imports of steel alloy wire of silico-manganese steels into Sweden shrank slightly to 7K tons, which is down by -4.2% compared with the previous year's figure. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.0% 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 +78.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 7.3K tons, and then shrank slightly in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels skyrocketed to $11M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +107.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 70%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 6.2 | 3.7 | 7.0 | 8.7 | 12.0% |
| Italy | 2.2 | 1.3 | 1.1 | 1.0 | -23.1% |
| United Kingdom | N/A | N/A | 0.5 | 0.9 | 80.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 8.5 | 5.2 | 8.8 | 10.7 | 8.0% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Sweden in 2022:
- Czech Republic (6.1K tons)
- Italy (0.5K tons)
- United Kingdom (0.4K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Sweden
In 2022, exports of steel alloy wire of silico-manganese steels from Sweden stood at 4.4K tons, stabilizing at the previous year's figure. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of steel alloy wire of silico-manganese steels surged to $10M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 312%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 2,701 | 549 | 3,430 | 4,132 | 15.2% |
| Germany | 141 | 113 | 104 | 2,525 | 161.6% |
| Estonia | 663 | 228 | 1,525 | 1,068 | 17.2% |
| Latvia | 410 | 163 | 593 | 921 | 31.0% |
| Lithuania | 333 | 201 | 1,100 | 800 | 33.9% |
| Norway | 555 | 468 | 606 | 661 | 6.0% |
| Others | 198 | 103 | 155 | 322 | 17.6% |
| Total | 5,002 | 1,825 | 7,513 | 10,428 | 27.7% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Sweden in 2022:
- Finland (1967.7 tons)
- Germany (598.5 tons)
- Estonia (554.7 tons)
- Latvia (472.8 tons)
- Lithuania (420.6 tons)
- Norway (279.8 tons)
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