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

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

After two years of decline, the German market for hot-rolled non-alloy steel wire rods increased by 1.6% to $X in 2021. Over the period under review, consumption recorded a pronounced shrinkage. Over the period under review, the market hit record highs 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 Germany

In value terms, hot-rolled non-alloy steel wire rod production rose remarkably to $X in 2021 estimated in export price. Overall, production saw a perceptible setback. The growth pace was the most rapid in 2017 when the production volume increased by 13%. Hot-rolled non-alloy steel wire rod production peaked 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 Germany

After five years of decline, shipments abroad of hot-rolled non-alloy steel wire rods increased by 14% to X tons in 2021. Overall, exports, however, showed a pronounced descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

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

Exports by Country

Poland (X tons), France (X tons) and Italy (X tons) were the main destinations of hot-rolled non-alloy steel wire rod exports from Germany, together comprising 34% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Italy ($X) constituted the largest markets for hot-rolled non-alloy steel wire rod exported from Germany worldwide, together accounting for 33% of total exports.

Poland, with a CAGR of +21.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hot-rolled non-alloy steel wire rods amounted to $X per ton, rising by 53% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. 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 for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the average price for exports to Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.7%), 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 Germany

In 2021, after three years of decline, there was significant growth in purchases abroad of hot-rolled non-alloy steel wire rods, when their volume increased by 34% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hot-rolled non-alloy steel wire rod imports skyrocketed to $X in 2021. In general, imports recorded mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Italy (X tons) and Switzerland (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to Germany, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Switzerland ($X) constituted the largest hot-rolled non-alloy steel wire rod suppliers to Germany, with a combined 56% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +23.2%, 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 average import price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2021, surging by 51% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Poland ($X per ton), while the price for Belgium ($X per ton) and France ($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