United Kingdom: Barbed Wire Market 2024

Barbed Wire Market Size in the UK

In 2021, the UK barbed wire market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Barbed Wire Production in the UK

In value terms, barbed wire production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The growth pace was the most rapid in 2014 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Barbed Wire Exports

Exports from the UK

For the fourth consecutive year, the UK recorded decline in shipments abroad of barbed wire and entanglements, which decreased by -68.6% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, barbed wire exports fell rapidly to $X in 2021. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by 46%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for barbed wire exports from the UK, with a 52% share of total exports. Moreover, barbed wire exports to Ireland exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-12.6% per year) and Denmark (+8.3% per year).

In value terms, Ireland ($X) remains the key foreign market for barbed wire and entanglements exports from the UK, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Denmark, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.7% per year) and Denmark (+12.7% per year).

Export Prices by Country

The average barbed wire export price stood at $X per ton in 2021, increasing by 61% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, barbed wire export price increased by +102.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Barbed Wire Imports

Imports into the UK

In 2021, after four years of growth, there was significant decline in purchases abroad of barbed wire and entanglements, when their volume decreased by -6.2% to X tons. Over the period under review, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 69% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, barbed wire imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of barbed wire to the UK, with a 51% share of total imports. Moreover, barbed wire imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Ireland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.6% per year) and Ireland (+20.8% per year).

In value terms, the largest barbed wire suppliers to the UK were China ($X), Spain ($X) and Ireland ($X), with a combined 75% share of total imports. South Africa, the United States, Egypt and Mexico lagged somewhat behind, together accounting for a further 20%.

Egypt, with a CAGR of +69.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average barbed wire import price stood at $X per ton in 2021, rising by 32% against the previous year. In general, the import price, however, showed a slight setback. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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