EU: Metal Wool Market 2024

Metal Wool Market Size in the EU

The EU metal wool market reduced to $X in 2022, declining by -2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in the EU

In value terms, metal wool production fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metal Wool Exports

Exports in the EU

After two years of growth, overseas shipments of iron or steel wool decreased by -17.3% to X tons in 2022. In general, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, metal wool exports declined dramatically to $X in 2022. Overall, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly 43% of total exports in 2022. The Netherlands (X tons) ranks next in terms of the total exports with a 9.8% share, followed by Sweden (7%), Spain (6.3%), Portugal (5.2%) and Belgium (5.1%). Luxembourg (X tons), the Czech Republic (X tons), Poland (X tons), France (X tons), Denmark (X tons) and Ireland (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal wool supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 50% share of total exports. France, Poland, Sweden, Belgium, Spain, Portugal, Luxembourg, the Czech Republic, Denmark and Ireland lagged somewhat behind, together accounting for a further 42%.

Among the main exporting countries, Sweden, with a CAGR of +8.0%, recorded the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per ton, which is down by -6.5% against the previous year. Over the period under review, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while Ireland ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Metal Wool Imports

Imports in the EU

After two years of decline, purchases abroad of iron or steel wool increased by 13% to X tons in 2022. Over the period under review, imports, however, showed a slight setback. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal wool imports expanded rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of metal wool imports in 2022 were Germany (X tons), France (X tons), the Netherlands (X tons), Italy (X tons) and Spain (X tons), together accounting for 58% of total import. It was distantly followed by Ireland (X tons), mixing up a 5.6% share of total imports. Romania (X tons), Belgium (X tons), Poland (X tons), Portugal (X tons), the Czech Republic (X tons), Austria (X tons) and Greece (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +4.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal wool importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), with a combined 40% share of total imports. Italy, the Netherlands, Ireland, Romania, Poland, Austria, Belgium, Portugal, Greece and the Czech Republic lagged somewhat behind, together accounting for a further 47%.

In terms of the main importing countries, Romania, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, waning by -4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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