Slovenia: 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 Slovenia

For the third consecutive year, the Slovene market for hot-rolled wire rod in coil of stainless steel recorded growth in sales value, which increased by 52% to $X in 2022. Over the period under review, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in overseas shipments of hot-rolled wire rod in coil of stainless steel, when their volume decreased by -95.9% to X kg. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 7,071%. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, hot-rolled wire stainless steel rod exports fell remarkably to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 4,660% against the previous year. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Israel (X kg), the UK (X kg) and Ireland (X kg) were the main destinations of hot-rolled wire stainless steel rod exports from Slovenia, together comprising 86% of total exports. The Netherlands, Italy, the United States and Croatia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +61.2%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Slovenia, comprising 68% of total exports. The second position in the ranking was taken by Ireland ($X), with a 9.4% share of total exports. It was followed by the UK, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Israel stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+28.2% per year) and the UK (0.0% per year).

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, increasing by 27% against the previous year. Overall, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 75%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+44.2%), 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 Slovenia

Hot-rolled wire stainless steel rod imports into Slovenia soared to X tons in 2022, with an increase of 38% on the previous year's figure. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled wire stainless steel rod imports skyrocketed to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Italy (X tons) and France (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to Slovenia, together comprising 77% of total imports. Germany, China, Switzerland and Austria lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +72.9%), 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 Slovenia were Italy ($X), France ($X) and India ($X), with a combined 65% share of total imports. Germany, Switzerland, China and Austria lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Switzerland, with a CAGR of +55.9%, 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

The average import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, rising by 11% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +67.8% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform