Switzerland: 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 Switzerland

The Swiss market for ribbed or other deformed wire rod of non-alloy steel soared to $X in 2021, surging by 36% against 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). In general, consumption, however, showed a relatively flat trend pattern. Deformed non-alloy steel wire rod consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

Exports from Switzerland

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel increased by 42% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 63% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for deformed non-alloy steel wire rod exports from Switzerland, accounting for a 99% share of total exports. It was followed by France (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +16.6%.

In value terms, Germany ($X) remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Switzerland, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +18.6%.

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, jumping by 54% against the previous year. Overall, export price indicated a modest expansion 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, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.2%).

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

Imports into Switzerland

In 2021, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 97%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest deformed non-alloy steel wire rod supplier to Switzerland, with a 61% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+88.2% per year) and Italy (-4.8% per year).

In value terms, Germany ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Switzerland, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+91.8% per year) and Italy (-1.7% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, surging by 63% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% 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 reached 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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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