Overview of the Global Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

In 2020, after three years of growth, there was significant decline in the global iron and steel wire market, when its value decreased by -X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Global consumption peaked at $X in 2019, and then shrank in the following year.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

In value terms, iron and steel wire production shrank to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. Over the period under review, global production hit record highs at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Production By Country

China (X tons) remains the largest iron and steel wire producing country worldwide, accounting for X% of total volume. Moreover, iron and steel wire production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tons), sixfold. Japan (X tons) ranked third in terms of total production with a X% share.

In China, iron and steel wire production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (-X% per year) and Japan (-X% per year).

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Global exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports dropped to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Global exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, China (X tons), distantly followed by Italy (X tons), South Korea (X tons), the Czech Republic (X tons), Germany (X tons) and Turkey (X tons) were the key exporters of wire of iron or non-alloy steel (stainless steel or other alloy steel), together committing X% of total exports. The following exporters - Russia (X tons), Belarus (X tons), Slovakia (X tons), the Netherlands (X tons), Mexico (X tons), France (X tons) and Vietnam (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%), Turkey (+X%), Belarus (+X%), Slovakia (+X%), Italy (+X%), the Netherlands (+X%), Mexico (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. Russia and South Korea experienced a relatively flat trend pattern. By contrast, Germany (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Vietnam (+X p.p.) and Belarus (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of France (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Italy (+X% per year).

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Global export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports

In 2020, purchases abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports shrank to $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tons), the U.S. (X tons), Poland (X tons), France (X tons), Switzerland (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons), Vietnam (X tons), Romania (X tons), the Czech Republic (X tons) and the Netherlands (X tons) represented roughly X% of total imports of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2020. The United Arab Emirates (X tons) took a minor share of total imports.

From 2007 to 2020, the biggest increases were in Switzerland, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets worldwide were Germany ($X), the U.S. ($X) and Poland ($X), together accounting for X% of global imports. France, Japan, Vietnam, Thailand, South Korea, Switzerland, the Netherlands, the Czech Republic, Romania and the United Arab Emirates lagged somewhat behind, together accounting for a further X the main importing countries, Vietnam recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Global import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :