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

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

The Swiss market for hot-rolled non-alloy steel wire rods rose to $X in 2021, surging by 3.2% against the previous year. In general, consumption recorded a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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

In value terms, hot-rolled non-alloy steel wire rod production amounted to $X in 2021 estimated in export price. Overall, production saw a pronounced descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Switzerland

In 2021, shipments abroad of hot-rolled non-alloy steel wire rods increased by 50% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of hot-rolled non-alloy steel wire rod exports from Switzerland, together comprising 93% of total exports. The Czech Republic and France lagged somewhat behind, together accounting for a further 4.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +17.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Turkey ($X) were the largest markets for hot-rolled non-alloy steel wire rod exported from Switzerland worldwide, together accounting for 92% of total exports. These countries were followed by the Czech Republic and France, which together accounted for a further 5.1%.

The Czech Republic, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 hot-rolled non-alloy steel wire rods stood at $X per ton in 2021, jumping by 45% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Turkey ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($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 France (+4.6%), 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 Switzerland

In 2021, supplies from abroad of hot-rolled non-alloy steel wire rods increased by 20% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

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

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of hot-rolled non-alloy steel wire rod imports to Switzerland, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +46.9%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of hot-rolled non-alloy steel wire rods to Switzerland, comprising 56% of total imports. The second position in the ranking was held by France ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.2% per year) and Italy (+1.3% per year).

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 58% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform