Europe: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Europe

In 2021, the Europe market for hot-rolled non-alloy steel wire rods decreased by -4.1% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Europe

In value terms, hot-rolled non-alloy steel wire rod production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports in Europe

In 2021, overseas shipments of hot-rolled non-alloy steel wire rods 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 +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod exports soared to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), Russia (X tons), Italy (X tons), Spain (X tons), Ukraine (X tons), the Czech Republic (X tons), Belgium (X tons), France (X tons), Greece (X tons), Poland (X tons), Portugal (X tons) and Belarus (X tons) was the major exporter of hot-rolled non-alloy steel wire rods in Europe, mixing up 88% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 38% share of total exports. These countries were followed by Spain, Ukraine, Belgium, the Czech Republic, France, Greece, Poland, Portugal and Belarus, which together accounted for a further 49%.

Among the main exporting countries, Belarus, with a CAGR of +27.4%, 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

In 2021, the export price in Europe amounted to $X per ton, increasing by 57% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% 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 somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while Russia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports in Europe

In 2021, overseas purchases of hot-rolled non-alloy steel wire rods were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod imports surged to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. 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 Netherlands (X tons), Germany (X tons), Italy (X tons), Romania (X tons), Poland (X tons), Belgium (X tons), France (X tons), Slovakia (X tons), Austria (X tons), Spain (X tons), the Czech Republic (X tons) and Hungary (X tons) represented roughly 77% of total imports in 2021. Switzerland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 29% share of total imports. These countries were followed by Poland, Romania, Belgium, France, Slovakia, Austria, Spain, the Czech Republic, Switzerland and Hungary, which together accounted for a further 51%.

Poland, with a CAGR of +19.9%, 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 Europe amounted to $X per ton, picking up by 52% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Slovakia ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform