Netherlands: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in the Netherlands

After two years of decline, the Dutch market for hot-rolled non-alloy steel wire rods increased by 12% to $X in 2021. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from the Netherlands

In 2021, hot-rolled non-alloy steel wire rod exports from the Netherlands surged to X tons, rising by 105% against 2020 figures. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled non-alloy steel wire rod exports surged to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for hot-rolled non-alloy steel wire rod exports from the Netherlands, with a 56% share of total exports. Moreover, hot-rolled non-alloy steel wire rod exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+59.8% per year) and Belgium (-18.2% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled non-alloy steel wire rods exports from the Netherlands, comprising 56% of total exports. The second position in the ranking was held by Italy ($X), with a 26% share of total exports. It was followed by Belgium, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+58.1% per year) and Belgium (-14.1% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled non-alloy steel wire rods amounted to $X per ton, with an increase of 62% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled non-alloy steel wire rod export price increased by +106.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into the Netherlands

In 2021, overseas purchases of hot-rolled non-alloy steel wire rods decreased by -5% to X tons, falling for the third year in a row after three years of growth. In general, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 24% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and Turkey (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to the Netherlands, with a combined 50% share of total imports. The UK, Russia, Belarus, Italy, Ukraine, Algeria, the United Arab Emirates, Spain, France and Austria lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +692.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Turkey ($X) were the largest hot-rolled non-alloy steel wire rod suppliers to the Netherlands, together accounting for 49% of total imports. These countries were followed by the UK, Russia, Belarus, Algeria, the United Arab Emirates, Ukraine, Italy, Spain, France and Austria, which together accounted for a further 47%.

Among the main suppliers, Russia, with a CAGR of +778.2%, recorded the highest growth rate of 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

The average import price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Algeria ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform