Netherlands: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

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

The Dutch market for hot-rolled wire rod in coil of stainless steel reached $X in 2022, increasing by 5.8% against the previous year. In general, consumption, however, posted a buoyant expansion. Hot-rolled wire stainless steel rod consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, hot-rolled wire stainless steel rod production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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

Exports from the Netherlands

In 2022, shipments abroad of hot-rolled wire rod in coil of stainless steel increased by 127% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 961%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, hot-rolled wire stainless steel rod exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 2,376%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hot-rolled wire stainless steel rod exports from the Netherlands, accounting for a 83% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), tenfold. Denmark (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+127.5% per year) and Denmark (+105.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from the Netherlands, comprising 81% of total exports. The second position in the ranking was held by Sweden ($X), with an 11% share of total exports. It was followed by Denmark, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+171.0% per year) and Denmark (+127.3% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, surging by 17% against the previous year. Overall, the export price showed a noticeable expansion. The pace of growth was the most pronounced in 2018 an increase of 238%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+19.1%), 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 the Netherlands

In 2022, the amount of hot-rolled wire rod in coil of stainless steel imported into the Netherlands soared to X tons, growing by 84% on the year before. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 785% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports soared to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 763%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Japan (X tons) and China (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to the Netherlands, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +93.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled wire stainless steel rod suppliers to the Netherlands were Japan ($X), India ($X) and China ($X), with a combined 95% share of total imports.

China, with a CAGR of +72.8%, recorded the highest growth rate of the value of imports, in terms of 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 import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, with an increase of 30% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 import price increased by +90.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for India ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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