Eastern Europe: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Eastern Europe

In 2021, after two years of decline, there was growth in the East European market for ribbed or other deformed wire rod of non-alloy steel, when its value increased by 1.6% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Eastern Europe

In value terms, deformed non-alloy steel wire rod production fell modestly to $X in 2021 estimated in export price. Overall, production, however, showed a slight descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

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

Exports in Eastern Europe

In 2021, deformed non-alloy steel wire rod exports in Eastern Europe surged to X tons, growing by 52% on the previous year. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, deformed non-alloy steel wire rod exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the key exporting country with an export of around X tons, which reached 47% of total exports. It was distantly followed by Ukraine (X tons), Poland (X tons), Belarus (X tons) and Moldova (X tons), together mixing up a 52% share of total exports.

Russia was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel exports, with a CAGR of +64.1% from 2012 to 2021. At the same time, Ukraine (+34.1%), Moldova (+17.9%), Belarus (+11.8%) and Poland (+8.7%) displayed positive paces of growth. From 2012 to 2021, the share of Russia and Ukraine increased by +45 and +15 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) emerged as the largest deformed non-alloy steel wire rod supplier in Eastern Europe, comprising 44% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Ukraine, with a 19% share.

In Russia, deformed non-alloy steel wire rod exports expanded at an average annual rate of +65.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+10.8% per year) and Ukraine (+34.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 52% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained 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 ($X per ton) and Moldova ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+2.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel increased by 7.3% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 50%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2021. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 77%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Romania (X tons) was the largest importer of ribbed or other deformed wire rod of non-alloy steel, committing 41% of total imports. It was distantly followed by Hungary (X tons), Poland (X tons), Bulgaria (X tons), Slovakia (X tons) and the Czech Republic (X tons), together generating a 54% share of total imports. Lithuania (X tons) followed a long way behind the leaders.

Imports into Romania increased at an average annual rate of +22.7% from 2012 to 2021. At the same time, Lithuania (+42.5%), Hungary (+40.2%), Slovakia (+15.3%), Bulgaria (+15.0%) and Poland (+11.9%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +42.5% from 2012-2021. By contrast, the Czech Republic (-16.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania, Hungary, Slovakia, Bulgaria, Lithuania and Poland increased by +26, +16, +2.6, +2.6, +2.5 and +2.1 percentage points, respectively.

In value terms, Romania ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in Eastern Europe, comprising 39% of total imports. The second position in the ranking was held by Hungary ($X), with a 19% share of total imports. It was followed by Poland, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Romania totaled +24.7%. In the other countries, the average annual rates were as follows: Hungary (+43.0% per year) and Poland (+14.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, jumping by 60% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% 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 Lithuania ($X per ton) and the Czech Republic ($X per ton), while Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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