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

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

The Polish market for hot-rolled non-alloy steel wire rods soared to $X in 2021, picking up by 31% against the previous year. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Poland

In value terms, hot-rolled non-alloy steel wire rod production reduced remarkably to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Poland

Hot-rolled non-alloy steel wire rod exports from Poland expanded notably to X tons in 2021, picking up by 8% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, hot-rolled non-alloy steel wire rod exports soared to $X in 2021. Overall, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +84.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of hot-rolled non-alloy steel wire rod exports from Poland, together accounting for 67% of total exports. These countries were followed by Australia, Italy, Hungary and Romania, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +15.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Germany ($X) constituted the largest markets for hot-rolled non-alloy steel wire rod exported from Poland worldwide, together accounting for 67% of total exports. These countries were followed by Australia, Italy, Hungary and Romania, which together accounted for a further 21%.

Among the main countries of destination, Australia, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 57% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% 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, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) and Australia ($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 (+7.1%), 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 Poland

In 2021, after two years of decline, there was significant growth in purchases abroad of hot-rolled non-alloy steel wire rods, when their volume increased by 40% to X tons. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 60%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, hot-rolled non-alloy steel wire rod imports surged to $X in 2021. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to Poland, with a combined 66% share of total imports. These countries were followed by Belarus, Moldova, Ukraine and Russia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +62.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) constituted the largest hot-rolled non-alloy steel wire rod suppliers to Poland, together accounting for 67% of total imports. Belarus, Moldova, Ukraine and Russia lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Belarus, with a CAGR of +67.5%, 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

In 2021, the average import price for hot-rolled non-alloy steel wire rods amounted to $X per ton, with an increase of 64% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Russia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform