Eastern Europe: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Eastern Europe

In 2022, the East European steel stranded wire market increased by 13% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Steel Stranded Wire Production in Eastern Europe

In value terms, steel stranded wire production rose sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Steel Stranded Wire Exports

Exports in Eastern Europe

In 2022, approx. X tons of iron or steel stranded wire, ropes and cables were exported in Eastern Europe; waning by -4.2% on 2021 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, steel stranded wire exports rose notably to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Romania (X tons), Hungary (X tons), Belarus (X tons), Russia (X tons) and Slovakia (X tons), together reaching 87% of total export. Poland (X tons) ranks next in terms of the total exports with a 4.9% share, followed by Ukraine (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +5.4%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the largest steel stranded wire supplier in Eastern Europe, comprising 31% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Romania totaled +5.7%. In the other countries, the average annual rates were as follows: Slovakia (+1.0% per year) and Hungary (+3.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 18% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($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 (+7.7%), while the other leaders experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports in Eastern Europe

In 2022, purchases abroad of iron or steel stranded wire, ropes and cables increased by 1.8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, steel stranded wire imports amounted to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +54.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Poland (X tons), distantly followed by Slovakia (X tons), the Czech Republic (X tons), Russia (X tons), Romania (X tons) and Hungary (X tons) represented the major importers of iron or steel stranded wire, ropes and cables, together comprising 92% of total imports. Estonia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2022, together comprising 61% of total imports. Russia, Romania, Hungary and Estonia lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Estonia, with a CAGR of +9.6%, recorded the highest growth rate of the value of imports, 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 2022, surging by 9.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Estonia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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