Poland: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Poland

In 2020, the Polish iron and steel wire market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Iron and steel wire consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Poland

In value terms, iron and steel wire production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Iron and steel wire production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Poland

After two years of decline, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons in 2020. Over the period under review, exports posted a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports surged to $X in 2020. Overall, exports saw moderate growth. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for iron and steel wire exports from Poland, with a X% share of total exports. Moreover, iron and steel wire exports to Germany exceeded the volume sent to the second major destination, Portugal (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and the Czech Republic (+X% per year).

In value terms, Germany ($X) remains the key foreign market for iron and steel wire exports from Poland, comprising X% of total exports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2020, the countries with the highest prices were Portugal ($X per ton) and Lithuania ($X per ton), while the average price for exports to Slovakia ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Poland

In 2020, iron and steel wire imports into Poland was estimated at X tons, increasing by X% on 2019 figures. Overall, total imports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports reduced modestly to $X in 2020. In general, total imports indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of iron and steel wire imports to Poland, together comprising X% of total imports. These countries were followed by Belarus, China, Ukraine, Italy, Slovakia and Turkey, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus, while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Russia ($X) were the largest iron and steel wire suppliers to Poland, with a combined X% share of total imports. China, Belarus, Italy, Slovakia, Ukraine and Turkey lagged somewhat behind, together accounting for a further X terms of the main suppliers, Belarus recorded the highest rates of growth with regard to 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 iron and steel wire import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Slovakia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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