Austria - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Austria - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Austria (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Austria (FOB) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Austria
- Exports of Hot-Rolled Wire Rod in Coils in Austria
Price for Hot-Rolled Wire Rod in Coils in Austria (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $805 per ton in December 2023, with an increase of 18% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $874 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($26,502 per ton), while the price for Italy ($669 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Austria (FOB) - 2023
The average export price for hot-rolled wire rods in coils stood at $997 per ton in December 2023, approximately equating the previous month. Over the period under review, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in April 2023 an increase of 13% month-to-month. The export price peaked at $1,702 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Germany ($1,362 per ton), while the average price for exports to Croatia ($687 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Liechtenstein (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Austria
In 2022, approx. 454K tons of hot-rolled wire rods in coils were imported into Austria; surging by 3.2% against 2021. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, hot-rolled wire rod in coils imports surged to $457M in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 131 | 111 | 234 | 273 | 27.7% |
| Germany | 66.6 | 65.9 | 101 | 141 | 28.4% |
| Czech Republic | 6.0 | 8.3 | 15.5 | 13.9 | 32.3% |
| Bosnia and Herzegovina | 6.3 | 3.0 | 4.0 | 8.7 | 11.4% |
| Others | 15.1 | 10.3 | 18.3 | 20.8 | 11.3% |
| Total | 225 | 199 | 372 | 457 | 26.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Austria in 2022:
- Italy (258.0K tons)
- Germany (161.6K tons)
- Czech Republic (13.8K tons)
- Bosnia and Herzegovina (9.5K tons)
Exports of Hot-Rolled Wire Rod in Coils in Austria
In 2022, exports of hot-rolled wire rods in coils from Austria expanded slightly to 70K tons, surging by 2.1% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year.
In value terms, hot-rolled wire rod in coils exports soared to $110M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.3 | 22.9 | 32.3 | 37.3 | 8.4% |
| Liechtenstein | N/A | 12.7 | 15.1 | 20.1 | 25.8% |
| Slovenia | 0.3 | 0.3 | 0.3 | 15.6 | 273.3% |
| Italy | 10.7 | 8.7 | 12.0 | 12.4 | 5.0% |
| Czech Republic | 4.4 | 5.2 | 6.0 | 7.3 | 18.4% |
| Turkey | 1.1 | 1.2 | 3.3 | 4.6 | 61.1% |
| Hungary | 2.5 | 2.2 | 3.4 | 4.3 | 19.8% |
| Switzerland | 16.8 | 0.5 | 0.3 | 0.2 | -77.2% |
| Netherlands | 20.9 | N/A | N/A | N/A | 0% |
| Others | 4.7 | 4.1 | 5.5 | 8.7 | 22.8% |
| Total | 90.7 | 57.8 | 78.2 | 110 | 6.6% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Austria in 2022:
- Germany (18.3K tons)
- Liechtenstein (13.0K tons)
- Slovenia (10.1K tons)
- Italy (9.2K tons)
- Czech Republic (8.8K tons)
- Turkey (3.5K tons)
- Hungary (3.4K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market in Austria. 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
Country coverage:
- Austria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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