Italy: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Italy

In 2021, the Italian concrete reinforcing wire rod market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt decline. Concrete reinforcing wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Wire Rod Used For Concrete Reinforcing in Italy

In value terms, concrete reinforcing wire rod production fell sharply to $X in 2021 estimated in export price. Overall, production saw a prominent increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020, and then reduced dramatically in the following year.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Italy

In 2021, concrete reinforcing wire rod exports from Italy soared to X tons, growing by X% compared with the previous year's figure. Overall, total exports indicated strong growth from 2012 to 2021: its volume 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. Based on 2021 figures, exports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for concrete reinforcing wire rod exports from Italy, with a X% share of total exports. Moreover, concrete reinforcing wire rod exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Poland (+X% per year).

In value terms, Austria ($X) remains the key foreign market for concrete reinforcing wire rod exports from Italy, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Austria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the average concrete reinforcing wire rod export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a perceptible 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. 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 export markets. In 2021, the countries with the highest prices were Poland ($X per ton) and Switzerland ($X per ton), while the average price for exports to Romania ($X per ton) and Serbia ($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 Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Italy

In 2021, the amount of wire rod used for concrete reinforcing imported into Italy skyrocketed to X tons, growing by X% against 2020 figures. Overall, total imports indicated slight growth from 2012 to 2021: its volume 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. Based on 2021 figures, imports increased by +X% against 2019 indices. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports skyrocketed to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Spain (X tons) were the main suppliers of concrete reinforcing wire rod imports to Italy, together accounting for X% of total imports. Turkey, Poland, France, Russia, Egypt, Belgium, Algeria, the Netherlands, Tunisia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Algeria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing wire rod suppliers to Italy were Germany ($X), Spain ($X) and the Czech Republic ($X), with a combined X% share of total imports. These countries were followed by Turkey, Poland, France, Belgium, Egypt, the Netherlands, Russia, Algeria, Tunisia and Bosnia and Herzegovina, which together accounted for a further X, with a CAGR of +X%, recorded 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 concrete reinforcing wire rod import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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, the highest price was recorded for prices from Belgium ($X per ton) and Poland ($X per ton), while the price for Russia ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform