France: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in France

In 2022, the French steel stranded wire market increased by 9.8% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +12.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.7% against 2020 indices. Steel stranded wire consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Steel Stranded Wire Production in France

In value terms, steel stranded wire production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Steel stranded wire production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Steel Stranded Wire Exports

Exports from France

Steel stranded wire exports from France reduced to X tons in 2022, shrinking by -12.2% against the year before. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 20%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports shrank slightly to $X in 2022. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Poland (X tons) and Italy (X tons) were the main destinations of steel stranded wire exports from France, with a combined 55% share of total exports. The United States, Germany, Romania, China, the Netherlands, Belgium, Canada and Brazil lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the United States ($X) appeared to be the largest markets for steel stranded wire exported from France worldwide, together comprising 47% of total exports. Poland, Germany, China, Romania, the Netherlands, Canada, Belgium and Brazil lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Romania, with a CAGR of +17.7%, 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 2022, the average steel stranded wire export price amounted to $X per ton, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into France

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, steel stranded wire imports surged to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Italy (X tons) and Thailand (X tons) were the main suppliers of steel stranded wire imports to France, with a combined 44% share of total imports. Belgium, Portugal, the Netherlands, Luxembourg, China, Hungary, Germany, Romania, South Korea and Turkey lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) were the largest steel stranded wire suppliers to France, together accounting for 38% of total imports. China, Thailand, Portugal, Belgium, Luxembourg, South Korea, Romania, the Netherlands, Hungary and Turkey lagged somewhat behind, together accounting for a further 46%.

In terms of the main suppliers, Portugal, with a CAGR of +16.3%, saw 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

In 2022, the average steel stranded wire import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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