Eastern Europe: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in Eastern Europe

The East European free-cutting steel wire rod market dropped notably to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Wire Rod Of Free-Cutting Steel in Eastern Europe

In value terms, free-cutting steel wire rod production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wire Rod Of Free-Cutting Steel

Exports in Eastern Europe

In 2022, free-cutting steel wire rod exports in Eastern Europe plummeted to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, free-cutting steel wire rod exports reduced to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic was the major exporting country with an export of around X tons, which amounted to X% of total exports. Belarus (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%).

From 2012 to 2022, average annual rates of growth with regard to free-cutting steel wire rod exports from the Czech Republic stood at X%. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Belarus and Poland increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest free-cutting steel wire rod supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

In the Czech Republic, free-cutting steel wire rod exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Wire Rod Of Free-Cutting Steel

Imports in Eastern Europe

In 2022, imports of wire rod of free-cutting steel in Eastern Europe reduced markedly to X tons, waning by X% against the year before. Over the period under review, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, free-cutting steel wire rod imports contracted sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Poland represented the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by the Czech Republic (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to free-cutting steel wire rod imports into Poland stood at X%. At the same time, Bulgaria (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.), Bulgaria (X p.p.), Romania (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic saw its share reduced by X% from 2012 to 2022, respectively.

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

In Poland, free-cutting steel wire rod imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a mild downturn. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Bulgaria ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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