EU: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

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

In 2020, the EU iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a slight setback. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

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

In value terms, iron and steel wire production contracted markedly to $X in 2020 estimated in export prices. Overall, production recorded a noticeable contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Production By Country in the EU

The countries with the highest volumes of iron and steel wire production in 2020 were Italy (X tons), Germany (X tons) and the Czech Republic (X tons), together accounting for X% of total production. Spain, France, Belgium, Slovakia, Poland, Bulgaria, the Netherlands, Romania and Austria lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Slovakia, while iron and steel wire production for the other leaders experienced more modest paces of growth.

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

Exports in the EU

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports contracted to $X in 2020. Overall, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Italy (X tons), distantly followed by the Czech Republic (X tons), Germany (X tons), Slovakia (X tons), the Netherlands (X tons) and France (X tons) represented the key exporters of wire of iron or non-alloy steel (stainless steel or other alloy steel), together creating X% of total exports. Spain (X tons), Poland (X tons), Portugal (X tons), Austria (X tons), Belgium (X tons), Sweden (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire supplying countries in the European Union were Italy ($X), Germany ($X) and the Czech Republic ($X), together comprising X% of total exports. Slovakia, France, the Netherlands, Sweden, Austria, Belgium, Spain, Poland, Portugal and Romania lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, among 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 2020, the iron and steel wire export price in the European Union amounted to $X per ton, dropping by -X% against the previous year. In general, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Sweden ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, 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 in the EU

In 2020, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports contracted to $X in 2020. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tons), Poland (X tons) and France (X tons) represented the main importer of wire of iron or non-alloy steel (stainless steel or other alloy steel) in the European Union, making up X% of total import. Romania (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the Czech Republic (X%), the Netherlands (X%) and Italy (X%). Austria (X tons), Spain (X tons), Slovakia (X tons), Lithuania (X tons), Hungary (X tons) and Belgium (X tons) occupied a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets in the European Union were Germany ($X), Poland ($X) and France ($X), together accounting for X% of total imports. Italy, the Netherlands, the Czech Republic, Romania, Spain, Austria, Hungary, Belgium, Slovakia and Lithuania lagged somewhat behind, together comprising a further X terms of the main importing countries, Romania 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 2020, the iron and steel wire import price in the European Union amounted to $X per ton, dropping by -X% against the previous year. In general, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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