Price for Wire of Other Alloy Steel in Finland - 2023
Contents:
- Price for Wire of Other Alloy Steel in Finland (CIF) - 2022
- Price for Wire of Other Alloy Steel in Finland (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Finland
- Exports of Wire of Other Alloy Steel in Finland
Price for Wire of Other Alloy Steel in Finland (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $2,111 per ton, picking up by 41% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,147 per ton in 2014; afterwards, it flattened through to 2022.
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 China ($2,727 per ton), while the price for Russia ($1,098 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Finland (FOB) - 2022
The average export price for wire of other alloy steels stood at $6,473 per ton in 2022, declining by -31.2% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,412 per ton in 2021, and then shrank remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($6,559 per ton), while the average price for exports to Belarus amounted to $2,291 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.2%).
Imports of Wire of Other Alloy Steel in Finland
In 2022, supplies from abroad of wire of other alloy steels decreased by -35.5% to 6.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +14.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 62%. As a result, imports attained the peak of 9.5K tons, and then shrank markedly in the following year.
In value terms, wire of other alloy steel imports dropped to $13M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +43.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $14M, and then shrank in the following year.
| Import of Wire of Other Alloy Steel in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.2 | 3.3 | 4.0 | 4.4 | 180.2% |
| Czech Republic | 4.6 | 1.5 | 1.7 | 2.3 | -20.6% |
| Netherlands | 0.3 | 0.2 | 1.8 | 2.2 | 94.3% |
| Italy | 0.1 | 0.2 | 0.4 | 1.4 | 141.0% |
| Germany | 0.5 | 0.2 | 0.2 | 0.8 | 17.0% |
| Turkey | 1.1 | 2.2 | 3.1 | 0.6 | -18.3% |
| Russia | N/A | 1.2 | 2.3 | 0.5 | -35.5% |
| Vietnam | 0.9 | 0.8 | 0.3 | 0.4 | -23.7% |
| Poland | 0.8 | 0.2 | 0.1 | 0.2 | -37.0% |
| Others | 0.5 | 0.1 | 0.2 | 0.1 | -41.5% |
| Total | 8.9 | 9.8 | 14.1 | 12.9 | 13.2% |
Top Suppliers of Wire of Other Alloy Steel to Finland in 2022:
- Sweden (1943.5 tons)
- Netherlands (1060.7 tons)
- Czech Republic (921.2 tons)
- Italy (708.6 tons)
- Russia (464.0 tons)
- Turkey (413.0 tons)
- Germany (308.7 tons)
- Vietnam (203.2 tons)
- Poland (39.8 tons)
Exports of Wire of Other Alloy Steel in Finland
In 2022, the amount of wire of other alloy steels exported from Finland surged to 141 tons, picking up by 1,357% on the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports soared to $911K in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 1.8 | 59.3 | 883 | 2114.8% |
| Belarus | N/A | N/A | N/A | 6.3 | 0% |
| Sweden | 11.5 | 16.6 | 10.3 | 5.8 | -20.4% |
| Vietnam | 65.8 | N/A | N/A | N/A | 0% |
| Others | 10.3 | 8.0 | 21.3 | 16.3 | 16.5% |
| Total | 87.5 | 26.4 | 90.9 | 911 | 118.4% |
Top Export Markets for Wire of Other Alloy Steel from Finland in 2022:
- Russia (134.6 tons)
- Belarus (2.8 tons)
- Sweden (1.5 tons)
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