Europe: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

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

In 2021, the Europe market for ribbed or other deformed wire rod of non-alloy steel increased by 2.5% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

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

In value terms, deformed non-alloy steel wire rod production reached $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

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

Exports in Europe

For the seventh consecutive year, Europe recorded growth in overseas shipments of ribbed or other deformed wire rod of non-alloy steel, which increased by 10% to X tons in 2021. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 25%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

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

Exports by Country

The shipments of the twelve major exporters of ribbed or other deformed wire rod of non-alloy steel, namely Italy, Germany, Russia, Greece, Spain, Ukraine, Portugal, Poland, France, Bosnia and Herzegovina, Switzerland and Belgium, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bosnia and Herzegovina (with a CAGR of +147.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Russia ($X) were the countries with the highest levels of exports in 2021, together accounting for 50% of total exports. These countries were followed by Greece, Spain, Portugal, Poland, France, Ukraine, Bosnia and Herzegovina, Switzerland and Belgium, which together accounted for a further 44%.

Bosnia and Herzegovina, with a CAGR of +149.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Europe stood at $X per ton in 2021, growing by 58% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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 ($X per ton) and Belgium ($X per ton), while Russia ($X per ton) and Ukraine ($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 Europe

In 2021, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were imported in Europe; with an increase of 8.6% compared with 2020 figures. Overall, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 29%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2021. Over the period under review, imports continue to indicate 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), Switzerland (X tons) and Germany (X tons) was the main importer of ribbed or other deformed wire rod of non-alloy steel in Europe, constituting 46% of total import. Hungary (X tons) took the next position in the ranking, followed by Poland (X tons). All these countries together took approx. 10% share of total imports. France (X tons), the Netherlands (X tons), Serbia (X tons), the UK (X tons), Spain (X tons), Sweden (X tons) and Croatia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod importing markets in Europe were Austria ($X), Romania ($X) and Switzerland ($X), with a combined 35% share of total imports. Germany, Hungary, Poland, France, the Netherlands, Serbia, Sweden, the UK, Spain and Croatia lagged somewhat behind, together comprising a further 44%.

Among the main importing countries, Hungary, with a CAGR of +43.0%, recorded 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 2021, the import price in Europe amounted to $X per ton, picking up by 60% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 ($X per ton) and France ($X per ton), while Romania ($X per ton) and the Netherlands ($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