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World - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

World - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights

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Iron and steel wire market

Iron and steel wire market: get the latest information secured by an Ai-driven market intelligence tool. Information include exports, production, market prices, companies, imports, trade, market size, and consumption. Here is a split by country, including Russia, Latin America, Africa, the Middle East, China, EU, the U.K., and the U.S. Market dynamics and outlook to 2030 are also provided in the snapshots.

Iron and Steel Wire - World's Largest Markets

RatingCountry
1China
2United States
3India
4Japan
5Germany

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

From 2019 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+1.8% per year) and India (-2.2% per year).

Iron and Steel Wire Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Turkey7828019027.4%
Belarus68562392015.9%
Russia64157693220.6%
China122212321042-7.7%
Mexico959107111529.6%
Netherlands143612101200-8.6%
Italy958855121612.7%
Czech Republic1242119814989.8%
Slovakia12741241157111.0%
France1594148716030.3%
South Korea1622163616280.2%
Germany1601152719099.2%
India2226206324845.6%
Average1303125214043.8%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($2,484 per ton), while Turkey ($902 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Italy1832179819914.2%
Netherlands12741361171215.9%
Germany13701276169111.1%
Japan1455146616717.2%
United States1528136016243.1%
United Kingdom1414140716156.9%
France1234115114578.7%
Vietnam143813221378-2.1%
Switzerland10571033133912.6%
Thailand136612921329-1.4%
Brazil141413871260-5.6%
Poland1004949125311.7%
South Korea117911701175-0.2%
Average1284121314285.4%

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($1,991 per ton), while South Korea ($1,175 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Iron and Steel Wire - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Germany10.91.213.1%
United States10.81.211.1%
Poland0.50.40.724.7%
France0.50.40.616.3%
Japan0.50.40.50.3%

In value terms, the largest iron and steel wire importing markets worldwide were Germany ($1.2B), the United States ($1.2B) and Poland ($702M), together comprising 23% of global imports. France, Japan, the Netherlands, Italy, Switzerland, the UK, Brazil, Thailand, Vietnam and South Korea lagged somewhat behind, together accounting for a further 28%.

The Netherlands saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Iron and Steel Wire - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
China2.52.52.3-3.5%
Italy0.80.71.123.0%
Germany0.80.70.98.8%
South Korea0.90.80.8-4.1%
Czech Republic0.60.50.712.1%

In value terms, China ($2.3B) remains the largest iron and steel wire supplier worldwide, comprising 17% of global exports. The second position in the ranking was occupied by Italy ($1.1B), with a 8.3% share of global exports. It was followed by Germany, with a 6.6% share.

From 2019 to 2021, the average annual growth rate of value in China totaled -3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+23.0% per year) and Germany (+8.8% per year).

Iron and Steel Wire - Market Forecast

Driven by increasing demand for iron and steel wire worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Iron and Steel Wire - Top Companies

The Heico Companies L L C, POLYCAB WIRES PRIVATE LIMITED, Gaon Cable Co., Ltd., Zhejiang Grandwall Electric Science & Technology Co., Ltd., COMMSCOPE EMEA LIMITED, Bekaert North America Management Corporation, Bekaert Corporation, Master-Halco, Inc., Westfälische Drahtindustrie GmbH, KEI INDUSTRIES LIMITED, Taewoo Co., Ltd., Insteel Industries, Inc., Insteel Wire Products Company, NEXANS Korea Ltd., voestalpine Böhler Welding Germany GmbH, Jiangsu Hengtong Wire & Cable Technology Co., Ltd., VINDHYA TELELINKS LIMITED, Kiswel Co., Ltd., Gafp, Inc., Suncoast Post-Tension, Ltd.

Iron and Steel Wire - Product Coverage

  • HS 721710 - Iron or non-alloy steel; wire, (not plated or coated), whether or not polished
  • HS 721720 - Iron or non-alloy steel; wire, plated or coated with zinc
  • HS 721730 - Iron or non-alloy steel; wire, plated or coated with base metals (other than zinc)
  • HS 721790 - Iron or non-alloy steel; wire, n.e.s. in heading no. 7217
  • HS 7223 - Stainless steel wire
  • HS 722920 - Steel, alloy; wire, of silico-manganese steel
  • HS 722990 - Steel, alloy; wire, of materials other than silico-manganese steel

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for iron and steel wire. 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 2030.

Product coverage:

  • Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
  • Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
  • Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

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 THE 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 EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  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: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption, by Country, 2022–2024
    5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    9. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    10. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    11. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Consumption, by Country, 2024
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, By Product
    7. Average Per Capita Consumption, By Product
    8. Exports and Growth, By Product
    9. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    18. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    19. Production, by Country, 2024
    20. Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    21. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    32. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
Store
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Exploring the Top Import Markets for Iron and Steel Wire
Mar 25, 2024
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
Top Import Markets for Iron and Steel Wire in 2023
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
Which Country Imports the Most Wire of Other Alloy Steel in the World?
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
Which Country Imports the Most Barbed Wire of Iron and Steel in the World?
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In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
Which Country Imports the Most Wires, Rods, Tubes, Plates, Electrodes of Base Metal in the World?
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In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
Which Country Exports the Most Wire of Other Alloy Steel in the World?
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Eye 1386

In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
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Eye 820

In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
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In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
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Eye 3735

Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
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Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
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