Eastern Europe: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Eastern Europe

After two years of decline, the East European market for hot-rolled non-alloy steel wire rods increased by 6.5% to $X in 2021. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Eastern Europe

In value terms, hot-rolled non-alloy steel wire rod production fell to $X in 2021 estimated in export price. Over the period under review, production showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports in Eastern Europe

In 2021, exports of hot-rolled non-alloy steel wire rods in Eastern Europe soared to X tons, with an increase of 25% on 2020 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod exports surged to $X in 2021. In general, exports posted measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the main exporter of hot-rolled non-alloy steel wire rods in Eastern Europe, with the volume of exports resulting at X tons, which was near 39% of total exports in 2021. It was distantly followed by Ukraine (X tons), the Czech Republic (X tons), Poland (X tons) and Belarus (X tons), together generating a 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +25.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 77% of total exports. Poland and Belarus lagged somewhat behind, together comprising a further 22%.

Among the main exporting countries, Belarus, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, jumping by 56% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Poland ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports in Eastern Europe

Hot-rolled non-alloy steel wire rod imports skyrocketed to X tons in 2021, jumping by 18% compared with 2020 figures. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod imports skyrocketed to $X in 2021. Overall, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Romania (X tons) and Poland (X tons) were the main importers of hot-rolled non-alloy steel wire rods in Eastern Europe, together recording near 48% of total imports. It was distantly followed by Slovakia (X tons), the Czech Republic (X tons), Hungary (X tons) and Bulgaria (X tons), together generating a 43% share of total imports. Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2021, with a combined 63% share of total imports.

Poland, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 56% against the previous year. Import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Bulgaria ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform