Report Update Apr 1, 2024

Ethiopia - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights

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Ethiopia: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Ethiopia

The Ethiopian iron and steel wire market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a perceptible downturn. Iron and steel wire consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Iron and Steel Wire in Ethiopia

In value terms, iron and steel wire production stood at $X in 2022 estimated in export price. In general, production enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with a decrease of X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Iron and Steel Wire

Exports from Ethiopia

In 2020, exports of iron and steel wire from Ethiopia surged to X tons, increasing by X% compared with the year before. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, iron and steel wire exports surged to $X in 2020. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for iron and steel wire exports from Ethiopia, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for iron and steel wire exports from Ethiopia.

From 2012 to 2020, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, with a decrease of X% against the previous year. In general, the export price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2020, the rate of growth in terms of prices for the UK amounted to X% per year.

Imports of Iron and Steel Wire

Imports into Ethiopia

In 2022, overseas purchases of iron and steel wire were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Turkey (X tons) were the main suppliers of iron and steel wire imports to Ethiopia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%).

In value terms, China ($X) constituted the largest supplier of iron and steel wire to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average iron and steel wire import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel wire in the world?

The countries with the highest volumes of consumption in 2023 were China, Vietnam and the United States, with a combined 54% share of global consumption.

What are the largest producers of iron and steel wire in the world?

The countries with the highest volumes of production in 2022 were China, Vietnam and Japan, together accounting for 58% of global production. The United States, Italy, India, Russia, Mexico, Germany, South Korea, Turkey and Brazil lagged somewhat behind, together comprising a further 25%.

What are the leading suppliers of iron and steel wire to Ethiopia?

In value terms, China constituted the largest supplier of iron and steel wire to Ethiopia, comprising 64% of total imports. The second position in the ranking was taken by Turkey, with a 30% share of total imports.

What are the leading importers of iron and steel wire from Ethiopia?

In value terms, Malaysia emerged as the key foreign market for iron and steel wire exports from Ethiopia.

What is the average export price for iron and steel wire in Ethiopia?

In 2020, the average iron and steel wire export price amounted to $4,004 per ton, falling by -82.8% against the previous year.

What is the average import price for iron and steel wire in Ethiopia?

In 2022, the average iron and steel wire import price amounted to $1,127 per ton, increasing by 14% against the previous year.

This report provides an in-depth analysis of the market for iron and steel wire in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023