Eastern Europe: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in Eastern Europe

After two years of decline, the East European iron and steel wire market increased by 24% to $X in 2021. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron and Steel Wire in Eastern Europe

In value terms, iron and steel wire production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Iron and Steel Wire

Exports in Eastern Europe

In 2021, exports of iron and steel wire in Eastern Europe expanded sharply to X tons, picking up by 9.1% compared with 2020. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, iron and steel wire exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Czech Republic (X tons), Russia (X tons), Belarus (X tons) and Slovakia (X tons) was the main exporter of iron and steel wire in Eastern Europe, generating 79% of total export. It was distantly followed by Ukraine (X tons) and Poland (X tons), together making up a 13% share of total exports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire supplying countries in Eastern Europe were the Czech Republic ($X), Slovakia ($X) and Russia ($X), with a combined 63% share of total exports. These countries were followed by Belarus, Romania, Ukraine and Poland, which together accounted for a further 32%.

Romania, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, increasing by 41% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, the export 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+16.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports in Eastern Europe

Iron and steel wire imports rose rapidly to X tons in 2021, picking up by 8.9% compared with the year before. The total import volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 13% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, iron and steel wire imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland was the key importing country with an import of about X tons, which recorded 34% of total imports. The Czech Republic (X tons) took the second position in the ranking, followed by Romania (X tons), Russia (X tons), Lithuania (X tons), Slovakia (X tons) and Hungary (X tons). All these countries together held near 54% share of total imports.

Imports into Poland increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Slovakia (+10.7%), Hungary (+6.4%), Lithuania (+6.3%), Romania (+5.7%) and Russia (+1.4%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +10.7% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. While the share of Poland (+4.9 p.p.) and Slovakia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-3.5 p.p.) and the Czech Republic (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported iron and steel wire in Eastern Europe, comprising 33% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by Romania, with a 13% share.

In Poland, iron and steel wire imports increased at an average annual rate of +8.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (+2.6% per year) and Romania (+4.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, rising by 37% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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