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

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

The French market for hot-rolled non-alloy steel wire rods contracted significantly to $X in 2021, dropping by -60.6% against the previous year. Over the period under review, consumption continues to indicate a deep reduction. Hot-rolled non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, hot-rolled non-alloy steel wire rod production reduced dramatically to $X in 2021 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from France

After three years of decline, shipments abroad of hot-rolled non-alloy steel wire rods increased by 71% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod exports surged to $X in 2021. In general, exports continue to indicate a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hot-rolled non-alloy steel wire rod exports from France, with a 44% share of total exports. Moreover, hot-rolled non-alloy steel wire rod exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+49.0% per year) and Spain (+2.7% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled non-alloy steel wire rods exports from France, comprising 41% of total exports. The second position in the ranking was held by Switzerland ($X), with a 16% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+48.0% per year) and the United States (+222.0% per year).

Export Prices by Country

The average export price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2021, picking up by 53% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.1% 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 attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into France

In 2021, hot-rolled non-alloy steel wire rod imports into France surged to X tons, growing by 16% on the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to France, with a combined 87% share of total imports. These countries were followed by Italy, the UK and Poland, which together accounted for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Belgium ($X) constituted the largest hot-rolled non-alloy steel wire rod suppliers to France, with a combined 87% share of total imports. Italy, the UK and Poland lagged somewhat behind, together comprising a further 8.8%.

Poland, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2021, growing by 42% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Poland ($X per ton), while the price for the UK ($X per ton) and Belgium ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform