Deformed Non-alloy Steel Wire Rod Market

Deformed non-alloy steel wire rod market: discover new datasets powered by an Ai-driven business intelligence tool. Facts and figures include companies, consumption, market prices, imports, production, market size, trade, and exports. Here is a split by region, including Latin America, Russia, the Middle East, the U.S., Africa, China, EU, and the U.K. Market dynamics and forecast to 2030 are also featured in the reports.

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Deformed Non-alloy Steel Wire Rod - World's Largest Markets

In value terms, the United States, Nigeria and Indonesia were the countries with the highest levels of market value in 2021, together accounting for 32% of the global market.

Nigeria recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while deformed non-alloy steel wire rod market for the other global leaders experienced more modest paces of growth.

Deformed Non-Alloy Steel Wire Rod Prices

Deformed Non-Alloy Steel Wire Rod - Top Importers

In value terms, Georgia ($890M) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel worldwide, comprising 25% of global imports. The second position in the ranking was occupied by Israel ($367M), with a 10% share of global imports. It was followed by Austria, with a 6.7% share.

In Georgia, deformed non-alloy steel wire rod imports increased at an average annual rate of +11,222.3% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+35.1% per year) and Austria (+36.7% per year).

Deformed Non-Alloy Steel Wire Rod - Top Exporters

In value terms, the largest deformed non-alloy steel wire rod supplying countries worldwide were Italy ($576M), Germany ($437M) and Russia ($261M), with a combined 35% share of global exports.

Among the main exporting countries, Russia (+99.3% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Deformed Non-Alloy Steel Wire Rod - Market Forecast

Depressed by shrinking demand for deformed non-alloy steel wire rod worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Deformed Non-alloy Steel Wire Rod - Product Coverage

• HS 721310 - Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils, containing indentations, ribs, grooves or other deformations produced during the rolling process

Source: IndexBox Market Intelligence Platform