Italy: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Italy

In 2022, after two years of growth, there was significant decline in the Italian market for hot-rolled wire rod in coil of stainless steel, when its value decreased by -34.3% to $X. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Italy

In value terms, hot-rolled wire stainless steel rod production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic curtailment. Over the period under review, production attained the maximum level at $X in 2021, and then dropped notably in the following year.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Italy

In 2022, shipments abroad of hot-rolled wire rod in coil of stainless steel increased by 2.5% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports soared to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +128.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Switzerland (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Italy, accounting for a 37% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to Switzerland exceeded the volume sent to the second major destination, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.2% per year) and the United States (+32.3% per year).

In value terms, Switzerland ($X) remains the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Italy, comprising 38% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.3% per year) and the United States (+26.9% per year).

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, with an increase of 32% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod export price increased by +62.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Mexico ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Italy

In 2022, hot-rolled wire stainless steel rod imports into Italy contracted to X tons, shrinking by -8.2% on the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +99.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Spain (X tons), France (X tons) and India (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to Italy, together accounting for 79% of total imports. China, the UK, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and India ($X) appeared to be the largest hot-rolled wire stainless steel rod suppliers to Italy, together accounting for 77% of total imports. The UK, China, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, China, with a CAGR of +18.5%, saw the highest rates of growth with regard to 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 import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, rising by 31% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod import price increased by +65.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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