Europe: Market for Iron or Steel Wire Products 2025

Market Size for Iron or Steel Wire Products in Europe

The Europe market for iron or steel wire products contracted to $X in 2022, flattening at the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Wire Products in Europe

In value terms, iron or steel wire product production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Iron or Steel Wire Products

Exports in Europe

In 2022, shipments abroad of iron or steel wire products increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, iron or steel wire product exports expanded modestly to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons) and the Czech Republic (X tons) represented the largest exporters of iron or steel wire products in 2022, reaching approx. X% and X% of total exports, respectively. Poland (X tons) held the next position in the ranking, followed by Belgium (X tons) and Germany (X tons). All these countries together held approx. X% share of total exports. Croatia (X tons), Italy (X tons), Luxembourg (X tons), Russia (X tons), Ukraine (X tons), France (X tons), Spain (X tons) and Slovakia (X tons) held a little share of total exports.

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

In value terms, the Czech Republic ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Poland, Belgium, Italy, France, Croatia, Slovakia, Spain, Luxembourg, Ukraine and Russia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Luxembourg, with a CAGR of X%, recorded 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 2022, the export price in Europe amounted to $X per ton, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Wire Products

Imports in Europe

For the fifth year in a row, Europe recorded growth in overseas purchases of iron or steel wire products, which increased by X% to X tons in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, iron or steel wire product imports rose significantly to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Belgium (X tons), followed by France (X tons), Germany (X tons), the Netherlands (X tons), the UK (X tons) and Poland (X tons) were the main importers of iron or steel wire products, together committing X% of total imports. The following importers - Sweden (X tons), Italy (X tons), Spain (X tons), Norway (X tons), Russia (X tons), Romania (X tons) and Austria (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel wire product importing markets in Europe were Germany ($X), France ($X) and Belgium ($X), together comprising X% of total imports. The UK, the Netherlands, Poland, Italy, Spain, Sweden, Norway, Austria, Russia and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, 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 Europe amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform