EU: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in the EU

The EU iron and steel wire market skyrocketed to $X in 2021, growing by 29% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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 the EU

In value terms, iron and steel wire production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the EU

In 2021, overseas shipments of iron and steel wire were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. 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, Italy (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), the Czech Republic (X tons), France (X tons) and Slovakia (X tons) were the main exporters of iron and steel wire, together mixing up 76% of total exports. Spain (X tons), Belgium (X tons), Portugal (X tons), Austria (X tons), Poland (X tons), Luxembourg (X tons) and Sweden (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 leading exporting countries, was attained by the Netherlands (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 47% share of total exports. These countries were followed by the Netherlands, France, Slovakia, Sweden, Austria, Spain, Belgium, Poland, Luxembourg and Portugal, which together accounted for a further 46%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 26% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports in the EU

In 2021, imports of iron and steel wire in the European Union surged to X tons, picking up by 16% on the previous year. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire imports surged to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. 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

The countries with the highest levels of iron and steel wire imports in 2021 were Germany (X tons), Poland (X tons) and France (X tons), together finishing at 44% of total import. It was distantly followed by the Netherlands (X tons), Italy (X tons), the Czech Republic (X tons), Romania (X tons) and Austria (X tons), together mixing up a 27% share of total imports. The following importers - Spain (X tons), Belgium (X tons), Lithuania (X tons), Slovakia (X tons) and Hungary (X tons) - together made up 16% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 44% share of total imports.

Poland, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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