Benelux: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Benelux

In 2022, after two years of growth, there was decline in the Benelux iron and steel wire market, when its value decreased by X% to $X. Over the period under review, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Iron and Steel Wire in Benelux

In value terms, iron and steel wire production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2021, and then declined in the following year.

Exports of Iron and Steel Wire

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of iron and steel wire, which increased by X% to X tons in 2022. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, iron and steel wire exports skyrocketed to $X in 2022. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands was the largest exporter of iron and steel wire in Benelux, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Belgium (X tons) and Luxembourg (X tons), together generating a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the iron and steel wire exports, with a CAGR of X% from 2012 to 2022. Belgium experienced a relatively flat trend pattern. Luxembourg (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Luxembourg and Belgium saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest iron and steel wire supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron and Steel Wire

Imports in Benelux

In 2022, after two years of growth, there was decline in overseas purchases of iron and steel wire, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, iron and steel wire imports soared to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of iron and steel wire, generating X% of total imports. Belgium (X tons) held the second position in the ranking, distantly followed by Luxembourg (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported iron and steel wire in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

In the Netherlands, iron and steel wire imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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