Poland: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Poland

After three years of decline, the Polish market for ribbed or other deformed wire rod of non-alloy steel increased by 6.8% to $X in 2021. In general, consumption, however, recorded a pronounced curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Poland

In value terms, deformed non-alloy steel wire rod production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. Deformed non-alloy steel wire rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Poland

In 2021, after six years of growth, there was significant decline in shipments abroad of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by -7.3% to X tons. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 60%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2021. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2018 when exports increased by 74% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Australia (X tons), Germany (X tons) and Slovakia (X tons) were the main destinations of deformed non-alloy steel wire rod exports from Poland, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +22.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for deformed non-alloy steel wire rod exported from Poland were Australia ($X), Germany ($X) and Slovakia ($X), with a combined 71% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +24.1%, saw the highest growth rate of 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

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, growing by 57% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Czech Republic ($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 Australia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Poland

In 2021, the amount of ribbed or other deformed wire rod of non-alloy steel imported into Poland dropped to X tons, declining by -5.8% on 2020. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 124% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced in the following year.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 170%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and Lithuania (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to Poland, together accounting for 95% of total imports. These countries were followed by Moldova, the Czech Republic and Slovakia, which together accounted for a further 3.1%.

From 2012 to 2021, the biggest increases were recorded for Moldova (with a CAGR of +109.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Lithuania ($X) were the largest deformed non-alloy steel wire rod suppliers to Poland, together accounting for 95% of total imports. Moldova, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 3%.

In terms of the main suppliers, Moldova, with a CAGR of +136.3%, saw 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 ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 62% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Slovakia ($X per ton) and Lithuania ($X per ton), while the price for the Czech Republic ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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