Czech Republic: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in the Czech Republic

In 2021, the Czech market for hot-rolled non-alloy steel wire rods was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in the Czech Republic

In value terms, hot-rolled non-alloy steel wire rod production fell significantly to $X in 2021 estimated in export price. In general, production continues to indicate a sharp slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from the Czech Republic

In 2021, overseas shipments of hot-rolled non-alloy steel wire rods increased by 3.4% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled non-alloy steel wire rod exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main destinations of hot-rolled non-alloy steel wire rod exports from the Czech Republic, together accounting for 63% of total exports. These countries were followed by Italy, Hungary, Romania and the UK, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +26.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled non-alloy steel wire rod exported from the Czech Republic were Slovakia ($X), Poland ($X) and Germany ($X), with a combined 63% share of total exports. Italy, Hungary, Romania and the UK lagged somewhat behind, together accounting for a further 31%.

Romania, with a CAGR of +28.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hot-rolled non-alloy steel wire rods amounted to $X per ton, surging by 50% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into the Czech Republic

In 2021, purchases abroad of hot-rolled non-alloy steel wire rods increased by 20% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 when imports increased by 21% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled non-alloy steel wire rod imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to the Czech Republic, together accounting for 86% of total imports. These countries were followed by the UK, Slovenia, Austria and Slovakia, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +123.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) appeared to be the largest hot-rolled non-alloy steel wire rod suppliers to the Czech Republic, with a combined 85% share of total imports. These countries were followed by the UK, Slovenia, Austria and Slovakia, which together accounted for a further 11%.

Slovenia, with a CAGR of +125.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for hot-rolled non-alloy steel wire rods amounted to $X per ton, increasing by 61% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform