Italy: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Italy

In 2020, the Italian iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Italy

In value terms, iron and steel wire production shrank sharply to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Italy

For the seventh consecutive year, Italy recorded growth in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), which increased by X% to X tons in 2020. Overall, exports saw measured growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, iron and steel wire exports contracted to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Germany (X tons) and France (X tons) were the main destinations of iron and steel wire exports from Italy, together accounting for X% of total exports. These countries were followed by Austria, Spain, Poland, Hungary, Slovenia, Croatia, the Netherlands, the Czech Republic, Malta and Romania, which together accounted for a further X 2007 to 2020, the biggest increases were in Malta, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and France ($X) constituted the largest markets for iron and steel wire exported from Italy worldwide, with a combined X% share of total exports. These countries were followed by Spain, Austria, Poland, the Netherlands, the Czech Republic, Hungary, Slovenia, Romania, Croatia and Malta, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of 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

The average iron and steel wire export price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Italy

In 2020, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports declined notably to $X in 2020. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), China (X tons) and France (X tons) were the main suppliers of iron and steel wire imports to Italy, with a combined X% share of total imports. Germany, Spain, Austria, Slovakia, Turkey, South Korea, India, Belgium and Bulgaria lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Italy were the Czech Republic ($X), China ($X) and Germany ($X), with a combined X% share of total imports. France, Spain, Austria, South Korea, India, Slovakia, Belgium, Turkey and Bulgaria lagged somewhat behind, together accounting for a further X 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

The average iron and steel wire import price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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