Czech Republic: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the Czech Republic

In 2021, the Czech market for ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced downturn. Deformed non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from the Czech Republic

In 2021, after two years of growth, there was significant decline in overseas shipments of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by -80.4% to X tons. Over the period under review, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 6,734%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports contracted markedly to $X in 2021. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 5,911%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for deformed non-alloy steel wire rod exports from the Czech Republic, with a 65% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at -35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+214.0% per year) and Slovakia (-46.9% per year).

In value terms, Poland ($X) remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from the Czech Republic, comprising 62% of total exports. The second position in the ranking was taken by Germany ($X), with a 27% share of total exports. It was followed by Slovakia, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at -35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+183.7% per year) and Slovakia (-46.4% per year).

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, picking up by 37% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 78% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Maldives ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Slovakia ($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 Maldives (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into the Czech Republic

After two years of decline, overseas purchases of ribbed or other deformed wire rod of non-alloy steel increased by 16% to X tons in 2021. Over the period under review, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to the Czech Republic, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +23.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to the Czech Republic, comprising 53% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Austria, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-26.0% per year) and Austria (+21.7% per year).

Import Prices by Country

In 2021, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 53% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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