Ireland - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Ireland - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ireland - 2023

Contents:

  1. Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (CIF) - 2023
  2. Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (FOB) - 2023
  3. Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland
  4. Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland

Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (CIF) - 2023

The average import price for hot-rolled non-alloy steel wire rods stood at $752 per ton in July 2023, shrinking by -4% against the previous month. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5.7% month-to-month. Over the period under review, average import prices attained the peak figure at $925 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were France ($880 per ton) and the UK ($766 per ton), while the price for Portugal ($730 per ton) and Spain ($743 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced a decline.

Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (FOB) - 2023

The average export price for hot-rolled non-alloy steel wire rods stood at $1,031 per ton in July 2023, surging by 13% against the previous month. Overall, the export price, however, continues to indicate a slight slump. The export price peaked at $1,208 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From July 2022 to July 2023, the rate of growth in terms of prices for the UK amounted to -1.3% per month.

Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland

In 2022, approx. 74K tons of hot-rolled non-alloy steel wire rods were imported into Ireland; increasing by 12% against the previous year. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod imports surged to $74M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal14.78.97.621.012.6%
Germany0.14.09.818.7471.8%
United Kingdom15.516.423.118.35.7%
Spain10.23.211.16.1-15.7%
TurkeyN/AN/AN/A4.90%
RussiaN/AN/AN/A3.90%
Others1.10.23.01.22.9%
Total41.532.854.674.021.3%

Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Ireland in 2022:

  1. Portugal (22.0K tons)
  2. United Kingdom (18.3K tons)
  3. Germany (16.4K tons)
  4. Spain (6.3K tons)
  5. Turkey (5.1K tons)
  6. Russia (4.2K tons)

Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland

In 2022, approx. 3.6K tons of hot-rolled non-alloy steel wire rods were exported from Ireland; rising by 221% on 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled non-alloy steel wire rod exports skyrocketed to $4.6M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hot-Rolled Non-Alloy Steel Wire Rod in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom0.70.91.24.687.3%
OthersN/AN/AN/AN/A0%
Total0.80.91.34.679.2%

Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Ireland in 2022:

  1. United Kingdom (3.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
  • Prodcom 24106120 - Wire rod of free-cutting steel
  • Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
  • Prodcom 24106140 - Wire rod for tyre cord
  • Prodcom 24106190 - Other wire rod (of non-alloy steel)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ireland
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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