Free-cutting Steel Wire Rod Market
Free-cutting steel wire rod market: find recently published facts and figures provided by an Ai-driven market research platform. Datasets include imports, companies, production, consumption, market prices, trade, market size, and exports. Here is a breakdown by region, including Africa, EU, Russia, Latin America, the U.K., China, the U.S., and the Middle East. Market dynamics and outlook to 2030 are also featured in the snapshots.
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Free-cutting Steel Wire Rod - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Spain |
| 2 | Italy |
| 3 | United Kingdom |
| 4 | United States |
| 5 | Canada |
In value terms, the largest free-cutting steel wire rod markets worldwide were Spain, Italy and the UK, with a combined 52% share of the global market. These countries were followed by the United States, Canada, Switzerland, the Dominican Republic, Japan, Turkey, South Korea, Romania, Ukraine and Brazil, which together accounted for a further 31%.
Romania (+412.5% per year) saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while free-cutting steel wire rod market for the other global leaders experienced more modest paces of growth.
Free-Cutting Steel Wire Rod Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 428 | 577 | 534 | 11.7% |
| Spain | 677 | 598 | 793 | 8.2% |
| Netherlands | 720 | 612 | 812 | 6.2% |
| France | 747 | 647 | 894 | 9.4% |
| United Kingdom | 777 | 613 | 900 | 7.6% |
| Germany | 847 | 736 | 941 | 5.4% |
| Japan | 897 | 828 | 962 | 3.6% |
| Average | 748 | 698 | 829 | 5.3% |
Prices varied noticeably by the country of origin; the country with the highest price was Japan ($962 per ton), while China ($534 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 950 | 766 | 1108 | 8.0% |
| Canada | 874 | 869 | 1076 | 11.0% |
| China | 905 | 847 | 873 | -1.8% |
| Netherlands | 2750 | 911 | 851 | -44.4% |
| South Korea | 876 | 804 | 841 | -2.0% |
| Taiwan (Chinese) | 874 | 798 | 839 | -2.0% |
| Italy | 722 | 633 | 833 | 7.4% |
| Germany | 683 | 593 | 782 | 7.0% |
| Belgium | 644 | 605 | 746 | 7.6% |
| Romania | 665 | 496 | 696 | 2.3% |
| Turkey | 738 | 620 | 689 | -3.4% |
| Dominican Republic | 693 | 529 | 614 | -5.9% |
| Senegal | 463 | 517 | 485 | 2.3% |
| Average | 752 | 661 | 829 | 5.0% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($1,108 per ton), while Senegal ($485 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
Free-Cutting Steel Wire Rod - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| Italy | 148 | 112 | 234 | 25.5% |
| Germany | 75 | 60 | 119 | 25.5% |
| United States | 63 | 37 | 95 | 22.5% |
| Canada | 37 | 31 | 69 | 37.5% |
| Dominican Republic | 47 | 33 | 40 | -7.6% |
In value terms, Italy ($234M), Germany ($119M) and the United States ($95M) constituted the countries with the highest levels of imports in 2021, together accounting for 48% of global imports. These countries were followed by Canada, the Dominican Republic, Turkey, Belgium, Taiwan (Chinese), South Korea, the Netherlands, Romania, China and Senegal, which together accounted for a further 33%.
In terms of the main importing countries, the Netherlands (+438.6% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Free-Cutting Steel Wire Rod - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| Germany | 98 | 73 | 186 | 37.6% |
| France | 61 | 36 | 142 | 52.0% |
| Spain | 184 | 76 | 127 | -17.1% |
| China | 1.7 | 6.5 | 115 | 721.5% |
| United Kingdom | 76 | 48 | 98 | 13.9% |
In value terms, Germany ($186M), France ($142M) and Spain ($127M) appeared to be the countries with the highest levels of exports in 2021, together accounting for 49% of global exports. These countries were followed by China, the UK, Japan and the Netherlands, which together accounted for a further 35%.
In terms of the main exporting countries, China (+721.5% 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.
Free-Cutting Steel Wire Rod - Market Forecast
The free-cutting steel wire rod market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -3.4% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.
Free-cutting Steel Wire Rod - Product Coverage
- HS 721320 - Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils, of free-cutting steel
This report provides an in-depth analysis of the global market for free-cutting steel wire rod.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Eastern Asia.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Southern Asia.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in the Middle East.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in South-Eastern Asia.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Northern America.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Australia and Oceania.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Central Asia.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Latin America and the Caribbean.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Africa.
