Czech Republic: 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 the Czech Republic

In 2020, after six years of growth, there was decline in the Czech iron and steel wire market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2019, and then dropped slightly in the following year.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the Czech Republic

In value terms, iron and steel wire production dropped to $X in 2020 estimated in export prices. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

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

Exports from the Czech Republic

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were exported from the Czech Republic; waning by -X% against the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports shrank to $X in 2020. Overall, total exports indicated a mild expansion from 2007 to 2020: its value 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, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of iron and steel wire exports from the Czech Republic, with a combined X% share of total exports. These countries were followed by Austria, the UK, Italy, France, Luxembourg, Sweden, Romania, Hungary, Russia and Finland, which together accounted for a further X 2007 to 2020, the biggest increases were in Luxembourg (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from the Czech Republic were Germany ($X), Poland ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by Slovakia, the UK, France, Sweden, Austria, Luxembourg, Russia, Romania, Hungary and Finland, which together accounted for a further X (+X% per year) 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 2020, the average iron and steel wire export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per ton), while the average price for exports to Austria ($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 Italy, 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 the Czech Republic

In 2020, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) imported into the Czech Republic rose significantly to X tons, growing by X% against the previous year. Overall, total imports indicated a slight increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports expanded sharply to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Belarus (X tons) were the main suppliers of iron and steel wire imports to the Czech Republic, together comprising X% of total imports. Slovakia, Italy, Austria, Poland, the Netherlands, Russia, Japan, France, Ukraine and Romania 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 the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to the Czech Republic were Germany ($X), Slovakia ($X) and China ($X), together comprising X% of total imports. Italy, Belarus, the Netherlands, Austria, Japan, France, Poland, Russia, Ukraine and Romania lagged somewhat behind, together comprising a further X Netherlands recorded 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 iron and steel wire import price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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