Report Update: May 1, 2024

Italy - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights

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Price for Hot-Rolled Wire Rod in Coils in Italy - 2023

Price for Hot-Rolled Wire Rod in Coils in Italy (FOB) - 2023

The average export price for hot-rolled wire rods in coils stood at $875 per ton in December 2023, growing by 3.5% against the previous month. Overall, the export price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,048 per ton in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Switzerland ($2,562 per ton), while the average price for exports to Austria ($673 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 Bosnia and Herzegovina (+0.1%), while the prices for the other major destinations experienced a decline.

Price for Hot-Rolled Wire Rod in Coils in Italy (CIF) - 2023

The average import price for hot-rolled wire rods in coils stood at $1,032 per ton in December 2023, with a decrease of -4.8% against the previous month. In general, the import price recorded a perceptible downturn. The pace of growth was the most pronounced in April 2023 an increase of 29% against the previous month. As a result, import price reached the peak level of $1,448 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($2,510 per ton), while the price for Turkey ($696 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 India (+0.1%), while the prices for the other major suppliers experienced a decline.

Exports of Hot-Rolled Wire Rod in Coils in Italy

In 2022, the amount of hot-rolled wire rods in coils exported from Italy fell to 1.3M tons, waning by -5.6% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports attained the peak of 1.3M tons, and then declined in the following year.

In value terms, hot-rolled wire rod in coils exports rose notably to $1.5B in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Hot-Rolled Wire Rod in Coils in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	134	113	230	251	23.3%
Switzerland	147	96.0	177	221	14.6%
Germany	118	83.9	164	190	17.2%
Poland	19.3	19.7	114	143	95.0%
Czech Republic	48.1	34.0	92.2	107	30.5%
Slovenia	39.1	37.6	68.4	68.5	20.6%
Hungary	29.2	27.2	52.6	57.9	25.6%
Romania	26.1	40.3	57.7	51.7	25.6%
Croatia	25.5	19.7	40.7	50.9	25.9%
France	18.6	14.1	33.6	49.8	38.9%
Slovakia	12.1	13.0	31.3	31.4	37.4%
Spain	4.6	28.3	28.4	23.3	71.7%
Algeria	48.7	21.7	N/A	0.3	-81.7%
Others	202	176	284	286	12.3%
Total	872	724	1,373	1,532	20.7%

Top Export Markets for Hot-Rolled Wire Rod in Coils from Italy in 2022:

Austria (249.1K tons)
Germany (150.8K tons)
Poland (143.3K tons)
Switzerland (95.6K tons)
Czech Republic (87.2K tons)
Slovenia (71.2K tons)
Hungary (62.5K tons)
Romania (61.6K tons)
Croatia (55.7K tons)
Slovakia (34.1K tons)
France (33.2K tons)
Spain (24.0K tons)
Algeria (0.3K tons)

Imports of Hot-Rolled Wire Rod in Coils in Italy

Hot-rolled wire rod in coils imports into Italy reduced to 815K tons in 2022, with a decrease of -11.4% against the previous year. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 920K tons, and then declined in the following year.

In value terms, hot-rolled wire rod in coils imports totaled $1.2B in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 91%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Hot-Rolled Wire Rod in Coils in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	136	122	235	265	24.9%
France	126	105	181	158	7.8%
Germany	65.5	55.7	172	152	32.4%
Switzerland	56.9	41.7	85.7	102	21.5%
Czech Republic	61.5	59.1	75.2	89.7	13.4%
India	10.5	18.5	35.4	64.9	83.5%
Turkey	8.7	9.9	22.0	39.5	65.6%
Algeria	N/A	1.7	11.6	39.1	379.6%
Netherlands	4.4	7.8	28.8	36.4	102.2%
Poland	18.8	19.6	22.8	35.8	23.9%
United Kingdom	52.4	42.5	24.1	33.8	-13.6%
Egypt	N/A	6.4	12.7	22.4	87.1%
Belgium	1.5	0.6	27.8	15.3	116.9%
Others	89.2	54.3	104	122	11.0%
Total	631	544	1,038	1,177	23.1%

Top Suppliers of Hot-Rolled Wire Rod in Coils to Italy in 2022:

Spain (137.3K tons)
Germany (126.9K tons)
Czech Republic (88.0K tons)
Switzerland (81.9K tons)
France (67.0K tons)
Algeria (46.4K tons)
Turkey (44.3K tons)
Poland (37.2K tons)
Netherlands (31.1K tons)
Egypt (26.0K tons)
India (23.0K tons)
Belgium (16.2K tons)
United Kingdom (13.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hot-rolled wire rod market in Italy. 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:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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