Austria: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Austria

The Austrian steel stranded wire market skyrocketed to $X in 2022, growing by 51% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Steel Stranded Wire Production in Austria

In value terms, steel stranded wire production surged to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Stranded Wire Exports

Exports from Austria

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel stranded wire, ropes and cables, when their volume decreased by -33.8% to X tons. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports plummeted to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Germany (X tons) and Finland (X tons) were the main destinations of steel stranded wire exports from Austria, together comprising 48% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +55.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel stranded wire exported from Austria were Slovakia ($X), Finland ($X) and Germany ($X), with a combined 36% share of total exports. The Netherlands, India, the Czech Republic, Italy, Croatia, Poland, Romania, Cote d'Ivoire, Norway and Belgium lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +45.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel stranded wire export price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Stranded Wire Imports

Imports into Austria

In 2022, supplies from abroad of iron or steel stranded wire, ropes and cables decreased by -11.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, steel stranded wire imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of steel stranded wire to Austria, accounting for a 35% share of total imports. Moreover, steel stranded wire imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+4.9% per year) and Italy (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Austria, comprising 44% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 14% share of total imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.2% per year) and Italy (+1.9% per year).

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2022, with an increase of 26% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :