Czech Republic: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in the Czech Republic

The Czech steel stranded wire market totaled $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -31.4% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Steel Stranded Wire Production in the Czech Republic

In value terms, steel stranded wire production reached $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 117%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Steel Stranded Wire Exports

Exports from the Czech Republic

Steel stranded wire exports from the Czech Republic shrank to X tons in 2022, reducing by -3% on the previous year's figure. Overall, exports showed a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, steel stranded wire exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Luxembourg (X tons) and Belgium (X tons) were the main destinations of steel stranded wire exports from the Czech Republic, together accounting for 45% 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 Luxembourg (with a CAGR of +122.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Luxembourg ($X) were the largest markets for steel stranded wire exported from the Czech Republic worldwide, together comprising 45% of total exports.

Luxembourg, with a CAGR of +120.8%, 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 2022, the average steel stranded wire export price amounted to $X per ton, rising by 16% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire export price increased by +64.5% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Italy (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into the Czech Republic

In 2022, the amount of iron or steel stranded wire, ropes and cables imported into the Czech Republic contracted slightly to X tons, remaining constant against the year before. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +7.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 16%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel stranded wire imports expanded remarkably to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +40.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons), Hungary (X tons) and China (X tons) were the main suppliers of steel stranded wire imports to the Czech Republic, with a combined 51% share of total imports. Belarus, Luxembourg, Slovakia, Germany, Russia and Poland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), China ($X) and Hungary ($X) appeared to be the largest steel stranded wire suppliers to the Czech Republic, together accounting for 42% of total imports. Germany, Poland, Luxembourg, Slovakia, Belarus and Russia lagged somewhat behind, together accounting for a further 42%.

Russia, with a CAGR of +47.2%, 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 steel stranded wire import price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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