Estonia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2019

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Estonia

The revenue of the iron and steel wire market in Estonia amounted to $X in 2018, picking up by X% against the previous year. Overall, iron and steel wire consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the iron and steel wire market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Estonia

In value terms, iron and steel wire production stood at $X in 2018 estimated in export prices. In general, iron and steel wire production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2018 when production volume decreased by -X% y-o-y. Estonia iron and steel wire production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Estonia

In 2018, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) exported from Estonia totaled X tons, waning by -X% against the previous year. In general, iron and steel wire exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Estonia exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, iron and steel wire exports stood at $X in 2018. Over the period under review, iron and steel wire exports, however, continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Estonia exports peaked at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons) was the largest exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel), achieving X% of total exports. Italy (X tons) occupied the second position in the ranking, followed by South Korea (X tons), Germany (X tons) and the Czech Republic (X tons). All these countries together occupied near X% share of total exports. Turkey (X tons), Belarus (X tons), Russia (X tons), France (X tons), Spain (X tons), Mexico (X tons) and Japan (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Mexico (+X%), Belarus (+X%), Italy (+X%), South Korea (+X%), the Czech Republic (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Russia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. China (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), South Korea (+X p.p.) and Belarus (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The iron and steel wire export price in Estonia stood at $X per ton in 2018, approximately reflecting the previous year. Overall, the iron and steel wire export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, the export prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) reached their peak figure at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Estonia

In 2018, the iron and steel wire imports into Estonia stood at X tons, going up by X% against the previous year. Overall, iron and steel wire imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Estonia imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, iron and steel wire imports totaled $X in 2018. Overall, iron and steel wire imports continue to indicate a conspicuous increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, iron and steel wire imports reached their maximum in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons) and Germany (X tons) were the major importers of wire of iron or non-alloy steel (stainless steel or other alloy steel)in the world, together generating X% of total imports. It was followed by Poland (X tons), making up a X% share of total imports. The following importers - France (X tons), India (X tons), Japan (X tons), Switzerland (X tons), Thailand (X tons), Italy (X tons), the Netherlands (X tons), the UK (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Poland, India, Japan, Italy, Thailand, Switzerland, the Netherlands, the UK, South Korea and Estonia, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Estonia stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the iron and steel wire import price continues to indicate a measured descent. The pace of growth appeared the most rapid in 2011 when the import price increased by X% against the previous year. In that year, the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform