Ireland: 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 Ireland

The Irish market for ribbed or other deformed wire rod of non-alloy steel soared to $X in 2021, jumping by 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

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

Exports from Ireland

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel increased by 86% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a noticeable contraction. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for deformed non-alloy steel wire rod exports from Ireland, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +31.0%.

In value terms, the UK ($X) also remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +38.3%.

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 73% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% 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 attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +5.5% per year.

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

Imports into Ireland

Deformed non-alloy steel wire rod imports into Ireland soared to X tons in 2021, increasing by 18% on the year before. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 82%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2021. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The UK (X tons), Portugal (X tons) and Spain (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to Ireland, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +74.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod suppliers to Ireland were Portugal ($X), the UK ($X) and Spain ($X), with a combined 88% share of total imports.

Spain, with a CAGR of +77.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, increasing by 50% 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 +1.8% 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 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 Ukraine ($X per ton) and France ($X per ton), while the price for Greece ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :