Europe: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in Europe

The Europe iron and steel wire market surged to $X in 2021, rising by 27% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Iron and Steel Wire in Europe

In value terms, iron and steel wire production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron and Steel Wire

Exports in Europe

Iron and steel wire exports skyrocketed to X tons in 2021, with an increase of 17% on the previous year's figure. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports surged to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), the Czech Republic (X tons), Russia (X tons), Belarus (X tons), France (X tons) and Slovakia (X tons) were the major exporters of iron and steel wire, together achieving 76% of total exports. Spain (X tons), Ukraine (X tons), Belgium (X tons), Portugal (X tons) and Austria (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire supplying countries in Europe were Italy ($X), Germany ($X) and the Czech Republic ($X), together accounting for 40% of total exports. These countries were followed by the Netherlands, France, Slovakia, Russia, Belarus, Austria, Spain, Belgium, Ukraine and Portugal, which together accounted for a further 43%.

The Netherlands, with a CAGR of +18.3%, recorded the highest rates of growth with regard to 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 2021, the export price in Europe amounted to $X per ton, picking up by 30% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports in Europe

After two years of decline, supplies from abroad of iron and steel wire increased by 15% to X tons in 2021. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire imports soared to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. 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

Germany (X tons), Poland (X tons) and France (X tons) represented roughly 37% of total imports in 2021. Switzerland (X tons) ranks next in terms of the total imports with a 5.6% share, followed by the Netherlands (5.5%), the UK (4.7%) and Italy (4.5%). The Czech Republic (X tons), Romania (X tons), Austria (X tons), Spain (X tons), Russia (X tons) and Belgium (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 key importing countries, was attained by Poland (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets in Europe were Germany ($X), Poland ($X) and France ($X), with a combined 37% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of +8.4%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, rising by 30% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform