Report Update Nov 1, 2024

Puerto Rico - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Puerto Rico

The Puerto Rican iron and steel wire market was estimated at less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern.

Exports of Iron and Steel Wire

Exports from Puerto Rico

In 2021, approx. less than X kg of iron and steel wire were exported from Puerto Rico; approximately equating 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, iron and steel wire exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons), distantly followed by Italy (X tons), Turkey (X tons), Germany (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Russia (X tons) were the key exporters of iron and steel wire, together committing 58% of total exports. Belarus (X tons), France (X tons), Slovakia (X tons), India (X tons), Mexico (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron and steel wire exports from China stood at +1.5%. At the same time, the Netherlands (+20.3%), Turkey (+14.1%), Russia (+10.9%), India (+9.0%), Italy (+8.7%), Slovakia (+2.4%), Mexico (+2.3%), Belarus (+2.1%) and the Czech Republic (+1.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.3% from 2012-2021. By contrast, Germany (-1.9%), France (-3.0%) and South Korea (-9.2%) illustrated a downward trend over the same period. While the share of Italy (+4.7 p.p.), the Netherlands (+4 p.p.), Turkey (+3.8 p.p.) and Russia (+2.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.9 p.p.) and South Korea (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Puerto Rico, comprising 22% of global exports. The second position in the ranking was taken by Italy ($X), with an 8% share of global exports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +4.9%. In the other countries, the average annual rates were as follows: Italy (+6.9% per year) and Germany (-0.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Imports of Iron and Steel Wire

Imports into Puerto Rico

In 2021, iron and steel wire imports into Puerto Rico totaled less than X kg, flattening at the year before. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, iron and steel wire imports stood at less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

The purchases of the four major importers of iron and steel wire, namely Germany, the United States, Poland and France, represented more than fourth of total import. Japan (X tons), Thailand (X tons), Switzerland (X tons), the Netherlands (X tons), Brazil (X tons), the UK (X tons), Italy (X tons), the Czech Republic (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets into Puerto Rico were Germany ($X), the United States ($X) and Poland ($X), with a combined 24% share of total imports.

Among the main importing countries, Poland, with a CAGR of +8.4%, saw 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 import price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel wire in the world?

China remains the largest iron and steel wire consuming country worldwide, comprising approx. 32% of total volume. Moreover, iron and steel wire consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Japan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of iron and steel wire in the world?

China constituted the country with the largest volume of iron and steel wire production, comprising approx. 39% of total volume. Moreover, iron and steel wire production in China exceeded the figures recorded by the second-largest producer, Japan, sevenfold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the leading suppliers of iron and steel wire to Puerto Rico?

In value terms, the largest iron and steel wire importing markets into Puerto Rico were Germany, the United States and Poland, together comprising 22% of total imports.

What are the leading importers of iron and steel wire from Puerto Rico?

In value terms, China remains the largest iron and steel wire supplier from Puerto Rico, comprising 28% of global exports. The second position in the ranking was occupied by Italy, with a 6.9% share of global exports. It was followed by Germany, with a 5.6% share.

What is the average export price for iron and steel wire in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, approximately reflecting the previous year.

What is the average import price for iron and steel wire in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the market for iron and steel wire in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023