United Kingdom - 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 the UK - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in the UK (FOB) - 2022
- Price for Hot-Rolled Wire Rod in Coils in the UK (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in the UK
- Imports of Hot-Rolled Wire Rod in Coils in the UK
Price for Hot-Rolled Wire Rod in Coils in the UK (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $1,370 per ton, rising by 22% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 89%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,219 per ton), while the average price for exports to Ireland ($977 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in the UK (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $1,223 per ton, increasing by 38% against the previous year. Over the period under review, the import price showed a tangible expansion. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,612 per ton), while the price for the Czech Republic ($791 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Wire Rod in Coils in the UK
In 2022, shipments abroad of hot-rolled wire rods in coils decreased by -11.7% to 319K tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 5.7%. As a result, the exports reached the peak of 555K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hot-rolled wire rod in coils exports expanded sharply to $438M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 24%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Hot-Rolled Wire Rod in Coils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 54.9 | 40.7 | 65.9 | 68.4 | 7.6% |
| United States | 29.6 | 17.3 | 42.1 | 65.2 | 30.1% |
| Germany | 66.2 | 58.7 | 72.8 | 59.9 | -3.3% |
| Turkey | 35.3 | 20.7 | 21.8 | 31.1 | -4.1% |
| Sweden | 15.1 | 8.8 | 26.7 | 29.0 | 24.3% |
| Poland | 8.7 | 9.0 | 10.7 | 28.6 | 48.7% |
| Czech Republic | 12.5 | 10.5 | 21.8 | 28.5 | 31.6% |
| Belgium | 28.6 | 40.1 | 21.7 | 27.6 | -1.2% |
| Ireland | 19.6 | 14.4 | 19.8 | 14.9 | -8.7% |
| Hungary | 4.3 | 1.9 | 6.1 | 13.7 | 47.1% |
| Spain | 18.1 | 15.2 | 17.2 | 13.5 | -9.3% |
| Netherlands | 23.6 | 31.5 | 11.9 | 9.7 | -25.6% |
| Slovakia | 1.4 | 0.5 | 0.7 | 8.8 | 84.6% |
| Others | 62.0 | 60.2 | 67.7 | 38.6 | -14.6% |
| Total | 380 | 330 | 407 | 438 | 4.8% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from the UK in 2022:
- Italy (43.1K tons)
- Germany (42.2K tons)
- Turkey (27.3K tons)
- Poland (25.7K tons)
- Belgium (25.3K tons)
- Sweden (25.1K tons)
- Czech Republic (24.5K tons)
- United States (20.3K tons)
- Ireland (15.2K tons)
- Spain (13.4K tons)
- Hungary (11.0K tons)
- Netherlands (8.5K tons)
- Slovakia (7.3K tons)
Imports of Hot-Rolled Wire Rod in Coils in the UK
In 2022, the amount of hot-rolled wire rods in coils imported into the UK dropped slightly to 226K tons, standing approx. at 2021 figures. In general, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 11%.
In value terms, hot-rolled wire rod in coils imports soared to $276M in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 68%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 40.3 | 36.5 | 65.0 | 87.3 | 29.4% |
| Portugal | 39.4 | 32.5 | 50.2 | 75.4 | 24.2% |
| Spain | 29.1 | 18.6 | 8.9 | 27.4 | -2.0% |
| Turkey | 3.0 | N/A | 5.7 | 22.8 | 96.6% |
| Czech Republic | 18.8 | 13.4 | 12.6 | 17.4 | -2.5% |
| France | 8.2 | 9.1 | 23.3 | 15.2 | 22.8% |
| Italy | 5.1 | 4.4 | 8.0 | 12.6 | 35.2% |
| Others | 3.8 | 4.9 | 27.3 | 18.4 | 69.2% |
| Total | 148 | 119 | 201 | 276 | 23.1% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to the UK in 2022:
- Germany (65.0K tons)
- Portugal (62.4K tons)
- Spain (32.4K tons)
- Czech Republic (22.0K tons)
- Turkey (16.8K tons)
- Italy (9.4K tons)
- France (9.4K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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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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