Ireland: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

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

After two years of decline, the Irish iron and steel wire market increased by X% to $X in 2020. Overall, consumption continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Iron and steel wire consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

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

Exports from Ireland

Iron and steel wire exports from Ireland expanded modestly to X tons in 2020, surging by X% compared with 2019. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports surged to $X in 2020. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons), Germany (X tons) and the U.S. (X tons) were the main destinations of iron and steel wire exports from Ireland, together accounting for X% of total exports. The Netherlands, the Czech Republic, Mexico and Costa Rica lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Costa Rica (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Ireland were Costa Rica ($X), the U.S. ($X) and Germany ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Costa Rica (+X% per year) recorded the highest growth rate of 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

The average iron and steel wire export price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, export price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron and steel wire export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

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

Imports into Ireland

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 third consecutive year after three years of growth. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports soared to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

The UK (X tons), Spain (X tons) and China (X tons) were the main suppliers of iron and steel wire imports to Ireland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of iron and steel wire to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron and steel wire import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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