Belgium: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Belgium

The Belgian iron and steel wire market reached $X in 2020, surging by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Belgium

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. Overall, production, however, saw a deep downturn. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Belgium

In 2020, exports of wire of iron or non-alloy steel (stainless steel or other alloy steel) from Belgium fell remarkably to X tons, with a decrease of -X% on the previous year's figure. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. from 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, iron and steel wire exports shrank notably to $X in 2020. Over the period under review, exports showed a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main destinations of iron and steel wire exports from Belgium, with a combined X% share of total exports. Italy, Spain, Brazil, the U.S., Poland, Egypt, the UK, Turkey, Hungary and South Africa lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S., while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports. These countries were followed by Italy, the U.S., Spain, Brazil, Poland, Hungary, the UK, Turkey, South Africa and Egypt, which together accounted for a further X the main countries of destination, Hungary saw 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 2020, the average iron and steel wire export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, export price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron and steel wire export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019, and then fell in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Belgium

In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the ninth year in a row after two years of growth. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports shrank sharply to $X in 2020. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of iron and steel wire imports to Belgium, with a combined X% share of total imports. Italy, France, China, the Czech Republic, Spain, Bulgaria, Slovakia, Luxembourg and Russia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Belgium were the Netherlands ($X), Germany ($X) and Turkey ($X), together accounting for X% of total imports. China, France, Italy, the Czech Republic, Spain, Slovakia, Bulgaria, Luxembourg and Russia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Bulgaria saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price showed a mild decline. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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