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World - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

World - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends And Insights

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Aug 16, 2024

The Largest Import Markets for Hot-Rolled Wire Rod in Coils

Hot-rolled wire rod in coils is a vital product used in various industries such as construction, automotive, and manufacturing. The global market for hot-rolled wire rod in coils is booming, with several countries standing out as key import markets for this essential product. According to data from the IndexBox market intelligence platform, the top 10 countries by import value of hot-rolled wire rod in coils in 2023 are as follows:

  1. United States - $860.5 million
  2. South Korea - $808.1 million
  3. Germany - $806.8 million
  4. Italy - $720.1 million
  5. Thailand - $639.4 million
  6. Israel - $605.3 million
  7. Turkey - $514.5 million
  8. Belgium - $477.5 million
  9. Romania - $468.0 million
  10. Netherlands - $448.8 million

These countries play a crucial role in the global import market for hot-rolled wire rod in coils, with significant import values that drive the industry forward. Let's take a closer look at each of these top import markets:

1. United States

The United States leads the way as the top import market for hot-rolled wire rod in coils, with an import value of $860.5 million in 2023. The country's strong demand for this product is driven by its vibrant construction and automotive industries.

2. South Korea

South Korea follows closely behind the United States, with an import value of $808.1 million in 2023. The country's robust manufacturing sector fuels its significant imports of hot-rolled wire rod in coils.

3. Germany

Germany is another key player in the import market for hot-rolled wire rod in coils, with an import value of $806.8 million in 2023. The country's manufacturing prowess and industrial infrastructure create a strong demand for this essential product.

4. Italy

Italy's import value for hot-rolled wire rod in coils stands at $720.1 million in 2023, making it a prominent market for this product in Europe. The country's construction and automotive industries are major consumers of hot-rolled wire rod in coils.

5. Thailand

Thailand has an import value of $639.4 million for hot-rolled wire rod in coils in 2023, driven by its growing construction and manufacturing sectors. The country's strategic location in Southeast Asia also contributes to its import market strength.

6. Israel

Israel's import value for hot-rolled wire rod in coils is $605.3 million in 2023, highlighting the country's strong demand for this product. The construction and infrastructure sectors in Israel are key consumers of hot-rolled wire rod in coils.

7. Turkey

Turkey is a significant import market for hot-rolled wire rod in coils, with an import value of $514.5 million in 2023. The country's manufacturing industry, particularly in the automotive sector, drives its demand for this essential product.

8. Belgium

Belgium's import value for hot-rolled wire rod in coils is $477.5 million in 2023, making it a key player in the global import market. The country's central location in Europe and strong industrial base contribute to its demand for this product.

9. Romania

Romania's import value for hot-rolled wire rod in coils stands at $468.0 million in 2023, driven by its diverse manufacturing sector. The country's steel and construction industries are major consumers of hot-rolled wire rod in coils.

10. Netherlands

The Netherlands rounds out the top 10 import markets for hot-rolled wire rod in coils, with an import value of $448.8 million in 2023. The country's strategic location in Europe and strong industrial infrastructure make it a significant player in the global import market.

Overall, these top import markets for hot-rolled wire rod in coils play a crucial role in driving the global industry forward. With strong demand from key sectors such as construction, automotive, and manufacturing, these countries are essential to the continued growth and success of the market.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global hot-rolled wire rod market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

  • Prodcom 2410T231 - Hot-rolled wire rod

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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