EU: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in the EU

In 2022, the EU steel stranded wire market increased by 21% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Steel Stranded Wire Production in the EU

In value terms, steel stranded wire production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Steel Stranded Wire Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel stranded wire, ropes and cables, when their volume decreased by -7.5% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 8.5%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, steel stranded wire exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The shipments of the twelve major exporters of iron or steel stranded wire, ropes and cables, namely Italy, Portugal, Romania, Germany, Hungary, Slovakia, Belgium, Spain, Sweden, France, the Netherlands and Poland, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +11.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, together comprising 45% of total exports. Portugal, Slovakia, Belgium, France, Hungary, Spain, Poland, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 46%.

Poland, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 an increase of 18%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Hungary ($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 the EU

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables increased by 1.5% 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 +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, steel stranded wire imports surged to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons), Spain (X tons), France (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), Slovakia (X tons), the Czech Republic (X tons), Romania (X tons), Denmark (X tons) and Portugal (X tons) represented roughly 85% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +7.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. Italy, France, the Netherlands, Belgium, the Czech Republic, Slovakia, Romania, Portugal and Denmark lagged somewhat behind, together accounting for a further 49%.

Romania, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in the European Union stood at $X per ton in 2022, surging by 14% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 16%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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