Ireland: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Ireland

The Irish concrete reinforcing wire rod market skyrocketed to $X in 2021, growing by X% 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). In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Ireland

In 2021, after two years of growth, there was significant decline in shipments abroad of wire rod used for concrete reinforcing, when their volume decreased by -X% to X tons. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. In general, exports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for concrete reinforcing wire rod exports from Ireland, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -X%.

In value terms, the UK ($X) also remains the key foreign market for concrete reinforcing wire rod exports from Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled -X%.

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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 +X% per year.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Ireland

In 2021, imports of wire rod used for concrete reinforcing into Ireland surged to X tons, jumping by X% on the year before. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The UK (X tons), Portugal (X tons) and Spain (X tons) were the main suppliers of concrete reinforcing wire rod imports to Ireland, together accounting for X% of total imports. These countries were followed by Germany and Greece, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of concrete reinforcing wire rod to Ireland, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average concrete reinforcing wire rod import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform