Czech Republic: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in the Czech Republic

In 2022, the Czech market for hot-rolled wire rod in coil of stainless steel increased by 7.5% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.7% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from the Czech Republic

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were exported from the Czech Republic; rising by 8.8% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 233% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports rose notably to $X in 2022. Overall, exports, however, recorded a deep setback. The growth pace was the most rapid in 2020 when exports increased by 280% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for hot-rolled wire stainless steel rod exports from the Czech Republic, with a 79% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. Sweden (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +65.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+27.0% per year) and Sweden (-7.4% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from the Czech Republic, comprising 73% of total exports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total exports. It was followed by Norway, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) amounted to +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+27.5% per year) and Norway (-27.3% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, surging by 3.2% against the previous year. Overall, the export price recorded a moderate increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 66%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($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 Norway (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into the Czech Republic

In 2022, the amount of hot-rolled wire rod in coil of stainless steel imported into the Czech Republic contracted to X tons, which is down by -12.5% on the year before. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports rose notably to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +61.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to the Czech Republic, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled wire stainless steel rod suppliers to the Czech Republic were Sweden ($X), Italy ($X) and Taiwan (Chinese) ($X), together accounting for 73% of total imports.

Taiwan (Chinese), with a CAGR of +38.7%, saw the highest rates of growth with regard to 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

The average import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, increasing by 31% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod import price increased by +61.5% against 2018 indices. 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 Sweden ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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