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Hot-rolled Wire Stainless Steel Rod Market

Hot-rolled wire stainless steel rod market: read recently published info featured by an Ai-driven market research tool. Datasets provide trade, exports, market prices, consumption, imports, market size, production, and companies. There is a split by country, including the U.K., Latin America, Africa, EU, China, the Middle East, Russia, and the U.S. Market dynamics and outlook to 2030 are also provided in the dashboards.

Get FREE access to the latest REPORT on the Hot-rolled Wire Stainless Steel Rod Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Hot-rolled Wire Stainless Steel Rod - World's Largest Markets

Rating	Country
1	Germany
2	United States
3	Taiwan (Chinese)
4	Italy
5	Thailand

In value terms, the largest hot-rolled wire stainless steel rod markets worldwide were Germany, the United States and Taiwan (Chinese), with a combined 37% share of the global market. These countries were followed by Italy, Thailand, Vietnam, Japan, Switzerland, the Czech Republic, Malaysia, Hong Kong SAR and India, which together accounted for a further 49%.

In terms of the main consuming countries, Hong Kong SAR (+299.5% per year) recorded the highest rates of growth with regard to market size, over the period under review, while hot-rolled wire stainless steel rod market for the other global leaders experienced more modest paces of growth.

Hot-Rolled Wire Stainless Steel Rod Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Singapore	546	622	576	2.7%
United Kingdom	3446	3481	2105	-21.8%
South Korea	2191	2091	2144	-1.1%
Taiwan (Chinese)	2280	2262	2271	-0.2%
China	1884	1754	2713	20.0%
India	2199	2350	3000	16.8%
Spain	2663	2547	3103	7.9%
France	3060	2898	3479	6.6%
Italy	3285	3206	3756	6.9%
Sweden	3728	3668	4375	8.3%
Average	2531	2482	2849	6.1%

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($4,375 per ton), while Singapore ($576 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
COUNTRY	USD per ton			CAGR, 2019-2021
United States	3515	3479	3984	6.5%
Czech Republic	2934	3093	3633	11.3%
Germany	3068	2935	3403	5.3%
Italy	2630	2552	3119	8.9%
China	2921	3158	3039	2.0%
Hong Kong SAR	2611	2555	2766	2.9%
Taiwan (Chinese)	2664	2484	2573	-1.7%
South Korea	2569	2443	2504	-1.3%
Thailand	2484	2225	2349	-2.8%
Malaysia	2187	2162	2174	-0.3%
Vietnam	1808	1665	1733	-2.1%
India	2198	2096	1628	-13.9%
Average	2695	2586	2849	2.8%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($3,984 per ton), while India ($1,628 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other global leaders experienced more modest paces of growth.

Hot-Rolled Wire Stainless Steel Rod - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Italy	0.2	0.2	0.4	23.2%
Germany	0.2	0.2	0.3	13.1%
United States	0.1	0.09	0.2	16.5%
China	0.1	0.2	0.2	1.8%
South Korea	0.1	0.1	0.1	0.1%

In value terms, the largest hot-rolled wire stainless steel rod importing markets worldwide were Italy ($378M), Germany ($274M) and the United States ($155M), with a combined 41% share of global imports. These countries were followed by China, South Korea, Thailand, Vietnam, the Czech Republic, India, Malaysia, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 42%.

Hong Kong SAR (+298.2% per year) recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Hot-Rolled Wire Stainless Steel Rod - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	0.2	0.2	0.3	20.9%
Italy	0.2	0.2	0.3	12.8%
Taiwan (Chinese)	0.3	0.3	0.3	-3.0%
France	0.2	0.2	0.3	15.8%
Spain	0.1	0.1	0.2	22.1%

In value terms, China ($330M), Italy ($304M) and Taiwan (Chinese) ($282M) constituted the countries with the highest levels of exports in 2021, with a combined 47% share of global exports. These countries were followed by France, Spain, Sweden, India, South Korea, the UK and Singapore, which together accounted for a further 49%.

India recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Hot-Rolled Wire Stainless Steel Rod - Market Forecast

The market for hot-rolled wire stainless steel rod 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 -1.6% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Hot-Rolled Wire Stainless Steel Rod - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.