Europe: 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 Europe

The Europe market for ribbed or other deformed wire rod of non-alloy steel rose modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated a tangible 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Europe

In value terms, deformed non-alloy steel wire rod production amounted to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Europe

In 2022, deformed non-alloy steel wire rod exports in Europe contracted notably to X tons, dropping by X% on 2021 figures. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced sharply in the following year.

In value terms, deformed non-alloy steel wire rod exports reduced to $X in 2022. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The shipments of the four major exporters of ribbed or other deformed wire rod of non-alloy steel, namely Italy, Germany, Portugal and Greece, represented more than half of total export. France (X tons) ranks next in terms of the total exports with a X% share, followed by Poland (X%) and Spain (X%). Belgium (X tons), Bosnia and Herzegovina (X tons), Belarus (X tons), Switzerland (X tons), Moldova (X tons) and Norway (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bosnia and Herzegovina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod supplying countries in Europe were Italy ($X), Germany ($X) and Portugal ($X), with a combined X% share of total exports. Greece, France, Poland, Spain, Belgium, Switzerland, Bosnia and Herzegovina, Norway, Moldova and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price 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, deformed non-alloy steel wire rod export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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 Switzerland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel imported in Europe rose remarkably to X tons, growing by X% against the year before. In general, imports showed a resilient increase. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of ribbed or other deformed wire rod of non-alloy steel, namely Austria, Romania, Switzerland, Germany, Spain, the UK, Hungary, France, Poland, Sweden, Bulgaria and Croatia, represented more than two-thirds of total import. Serbia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Romania ($X) and Switzerland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Germany, Spain, the UK, Hungary, France, Poland, Sweden, Croatia, Serbia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price 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, deformed non-alloy steel wire rod import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sweden ($X per ton) and Germany ($X per ton), while Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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