Report Update: May 1, 2024

Italy - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Wire Stainless Steel Rod in Italy - 2023

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

The average import price for hot-rolled wire rod in coil of stainless steel stood at $2,993 per ton in August 2023, declining by -15.5% against the previous month. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in November 2022 when the average import price increased by 15% m-o-m. The import price peaked at $4,570 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was South Korea ($4,046 per ton), while the price for India ($2,434 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In August 2023, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $4,676 per ton, reducing by -14.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 11% m-o-m. As a result, the export price reached the peak level of $5,487 per ton, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,216 per ton), while the average price for exports to India ($3,000 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Wire Stainless Steel Rod in Italy

In 2022, hot-rolled wire stainless steel rod imports into Italy contracted to 104K tons, waning by -8.2% against 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 113K tons, and then reduced in the following year.

In value terms, hot-rolled wire stainless steel rod imports surged to $473M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Hot-Rolled Wire Stainless Steel Rod in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	61.7	66.7	115	164	38.5%
France	104	92.6	149	131	8.0%
India	10.5	18.5	28.8	68.3	86.7%
United Kingdom	13.8	9.8	14.2	25.7	23.0%
China	11.9	2.8	14.0	20.7	20.3%
Taiwan (Chinese)	19.0	9.4	13.7	17.8	-2.2%
South Korea	13.8	3.5	7.3	15.8	4.6%
Others	14.3	16.8	22.6	29.0	26.6%
Total	249	220	364	473	23.8%

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

Spain (34.7K tons)
France (27.6K tons)
India (19.3K tons)
China (5.5K tons)
United Kingdom (4.5K tons)
Taiwan (Chinese) (4.0K tons)
South Korea (3.7K tons)

Exports of Hot-Rolled Wire Stainless Steel Rod in Italy

In 2022, hot-rolled wire stainless steel rod exports from Italy reached 79K tons, with an increase of 2.5% on the previous year's figure. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, hot-rolled wire stainless steel rod exports soared to $441M in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 68%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Hot-Rolled Wire Stainless Steel Rod in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	101	70.8	133	167	18.2%
Germany	34.7	26.0	47.5	57.8	18.5%
United States	15.0	10.4	19.9	55.2	54.4%
China	25.0	24.0	26.5	35.2	12.1%
Czech Republic	18.4	12.9	22.0	33.2	21.7%
Mexico	11.0	9.0	14.3	29.4	38.8%
France	10.1	7.7	11.1	23.3	32.1%
Others	24.4	18.2	26.7	39.4	17.3%
Total	239	179	301	441	22.7%

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

Switzerland (29.6K tons)
Germany (10.9K tons)
United States (9.5K tons)
China (6.4K tons)
Mexico (5.6K tons)
Czech Republic (5.5K tons)
France (4.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod 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 2030.

Product coverage:

Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel

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