EU: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the EU

In 2021, the EU market for ribbed or other deformed wire rod of non-alloy steel increased by 14% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the EU

In value terms, deformed non-alloy steel wire rod production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, production attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in the EU

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel decreased by -2.2% to X tons, falling for the second consecutive year after five years of growth. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 23%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. In general, exports, however, enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly 53% of total exports in 2021. Greece (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Spain (9.7%), Portugal (6.5%), Poland (6.1%), France (6%) and Belgium (4.9%).

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Greece ($X) were the countries with the highest levels of exports in 2021, together comprising 66% of total exports. These countries were followed by Spain, Portugal, Poland, France and Belgium, which together accounted for a further 32%.

Among the main exporting countries, Spain, with a CAGR of +32.2%, saw 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 2021, the export price in the European Union amounted to $X per ton, with an increase of 62% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Spain ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the other leaders experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in the EU

In 2021, imports of ribbed or other deformed wire rod of non-alloy steel in the European Union expanded remarkably to X tons, surging by 9.5% compared with the year before. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 26% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Austria (X tons), Romania (X tons) and Germany (X tons) was the key importer of ribbed or other deformed wire rod of non-alloy steel in the European Union, making up 44% of total import. Hungary (X tons) ranks next in terms of the total imports with a 6.8% share, followed by Poland (5.9%), France (5.2%) and the Netherlands (4.8%). The following importers - Spain (X tons), Sweden (X tons), Croatia (X tons), Bulgaria (X tons), Slovakia (X tons) and Denmark (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Romania ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 43% of total imports. These countries were followed by Hungary, Poland, France, the Netherlands, Sweden, Spain, Croatia, Slovakia, Bulgaria and Denmark, which together accounted for a further 42%.

Hungary, with a CAGR of +43.0%, saw the highest rates of growth with regard to 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, growing by 59% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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