Which Country Exports the Most Wire Of Iron Or Non-Alloy Steel in the World?

Basic Iron And Steel May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global iron and steel wire exports stood at 6.8M tonnes in 2016, export ,therefore, remained relatively stable against the previous year figure. Overall, iron and steel wire exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, an increase of 16% against the previous year level. Global iron and steel wire export peaked in 2016, and are likely to see steady growth in the immediate term.

In value terms, iron and steel wire exports totaled $5.6B in 2016. Overall, iron and steel wire exports continue to indicate a slight decline. Global iron and steel wire export peaked of $7.8B in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

Top Iron And Steel Wire Exporting Countries in the World

1. China (1,305.9 million USD)

2. Germany (449.6 million USD)

3. South Korea (356.4 million USD)

4. Italy (331.6 million USD)

5. France (271.8 million USD)

6. Czech Republic (239.5 million USD)

7. Slovakia (216.5 million USD)

8. Canada (189.4 million USD)

9. Belarus (130.4 million USD)

10. Mexico (120.4 million USD)

11. Russia (114.6 million USD)

12. Spain (63.6 million USD)

Iron And Steel Wire Exports By Country

In 2016, China (1.7M tonnes) represented the major exporter for iron and steel wire, mixed up 25% of total exports. It was distantly followed by Germany (449K tonnes), Italy (424K tonnes), Czech Republic (325K tonnes), and France (307K tonnes), together mixed up 22% share of total iron and steel wire exports. South Korea (286K tonnes), Belarus (245K tonnes), Russia (236K tonnes), Spain (206K tonnes), Slovakia (203K tonnes), Mexico (190K tonnes), and Canada (183K tonnes) followed a long way behind this figure.

Exports from China increased at an average annual rate of +5.4% from 2007 to 2016. At the same time, Slovakia (+8.1%), Mexico (+6.1%), Belarus (+4.0%), Italy (+2.3%), and Czech Republic (+1.6%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest growing importer/exporter in the world, with a CAGR of +8.1% from 2007-2016. France, Spain, and South Korea experienced a relatively flat trend pattern. By contrast, Canada (-2.0%), Russia (-3.4%), and Germany (-4.4%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Germany increased by 3% percentage points, while Slovakia (-1.5%), and China (-9.5%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.3B) remains the largest iron and steel wire supplier in the world, making up 23% of global exports. The second position in the ranking was occupied by Germany ($450M), with the share of 8% of global exports. It was followed by South Korea, with the share of 6%.

From 2007 to 2016, the average annual growth rate of value of iron and steel wire exports in China stood at +6.4%. The remaining exporting countries recorded the following average annual rates: Germany (-5.1% per year) and South Korea (-0.1% per year).

Iron And Steel Wire Export Prices By Country

The average iron and steel wire export price stood at $821 per tonne in 2016, dropping by -11.0% against the previous year. In general, iron and steel wire export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2008, when export increased by 29% against the previous year level. In that year, average iron and steel wire export price attained its maximum level of $1,269 per tonne. From 2009 to 2016, growth of average iron and steel wire export price stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was South Korea ($1,245 per tonne), while Spain ($309 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of iron and steel wire export prices was attained by China (+1.0% per year), while the other global leaders experienced mixed trends in the export price figures.

Do you want to know more about global iron and steel wire market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • iron and steel wire market share
  • iron and steel wire prices
  • iron and steel wire industry
  • iron and steel wire sales
  • iron and steel wire import
  • iron and steel wire export
  • iron and steel wire market forecast
  • iron and steel wire price forecast
  • key iron and steel wire producers

All data provided in this article covers the following product: HS Code 7217 - Wire of iron or non-alloy steel.

Source: World: Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) - Market Report. Analysis and Forecast to 2025