China - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIron and Steel Wire Prices in China
China Iron and Steel Wire Export Price in September 2022
In September 2022, the iron and steel wire price amounted to $2,560 per ton (FOB, China), declining by -31% against the previous month. Over the period under review, export price indicated a moderate increase from January 2022 to September 2022: its price increased at an average monthly rate of +3.1% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, iron and steel wire export price decreased by -33.4% against June 2022 indices. The growth pace was the most rapid in April 2022 when the average export price increased by 27% month-to-month. The export price peaked at $3,846 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($5,051 per ton), while the average price for exports to Japan ($1,683 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
China Iron and Steel Wire Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was stainless steel wire ($4,146 per ton), while the average price for exports of steel alloy wire of silico-manganese steel ($1,067 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: iron or non-alloy steel wire, not plated or coated (+13.4%), while the prices for the other products experienced more modest paces of growth.
China Iron and Steel Wire Exports
In September 2022, overseas shipments of iron and steel wire decreased by -10.5% to 151K tons, falling for the third month in a row after four months of growth. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in March 2022 when exports increased by 52% month-to-month. Over the period under review, the exports hit record highs at 212K tons in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
In value terms, iron and steel wire exports fell markedly to $388M (IndexBox estimates) in September 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 85% month-to-month. Over the period under review, the exports attained the peak figure at 816K tons in June 2022; however, from July 2022 to September 2022, the exports failed to regain momentum.
China Iron and Steel Wire Exports by Type
Iron or non-alloy steel wire, plated or coated with zinc (56K tons) was the largest type of iron and steel wire exported from China, with a 65% share of total exports. Moreover, iron or non-alloy steel wire, plated or coated with zinc exceeded the volume of the second product type, steel alloy wire of silico-manganese steel (21K tons), threefold. Stainless steel wire (6.7K tons) ranked third in terms of total exports with a 7.9% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of iron or non-alloy steel wire, plated or coated with zinc totaled -3.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: steel alloy wire of silico-manganese steel (-2.0% per month) and stainless steel wire (-4.7% per month).
In value terms, iron or non-alloy steel wire, plated or coated with zinc ($181M) remains the largest type of iron and steel wire exported from China, comprising 76% of total exports. The second position in the ranking was held by stainless steel wire ($28M), with a 12% share of total exports. It was followed by steel alloy wire of silico-manganese steel, with a 9.2% share.
From January 2022 to September 2022, the average monthly growth rate of the export volume of iron or non-alloy steel wire, plated or coated with zinc stood at +2.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: stainless steel wire (-4.3% per month) and steel alloy wire of silico-manganese steel (-4.3% per month).
China Iron and Steel Wire Exports by Country
the Philippines (9.2K tons), South Korea (9K tons) and Thailand (8.8K tons) were the main destinations of iron and steel wire exports from China, with a combined 18% share of total exports.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +1.0%), while the other leaders experienced more modest paces of growth.
In value terms, the Philippines ($47M) emerged as the key foreign market for iron and steel wire exports from China, comprising 12% of total exports. The second position in the ranking was held by Saudi Arabia ($23M), with a 6% share of total exports. It was followed by the United States, with a 5.2% share.
From January 2022 to September 2022, the average monthly growth rate of value to the Philippines totaled +7.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Saudi Arabia (+3.6% per month) and the United States (+1.5% per month).
This report provides an in-depth analysis of the market for iron and steel wire in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the market for iron and steel wire in China.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
146
This report provides an in-depth analysis of the market for iron and steel wire in China.
356
This report provides an in-depth analysis of the market for iron and steel wire in China.
342
This report provides an in-depth analysis of the global market for iron and steel wire.
1661
This report provides an in-depth analysis of the global market for iron and steel wire.
766
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 +...
1393
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...
908
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...
1127
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...
602
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...
820
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...
3414
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...
693
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...
766
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 +...
1393
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...
