Report Update: May 1, 2024

Spain - 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 Spain - 2023

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

The average export price for hot-rolled wire rod in coil of stainless steel stood at $3,595 per ton in August 2023, with a decrease of -11.1% against the previous month. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in January 2023 an increase of 11% m-o-m. As a result, the export price attained the peak level of $4,871 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was France ($4,435 per ton), while the average price for exports to the UK ($1,961 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 (-0.4%), while the prices for the other major destinations experienced a decline.

Price for Hot-Rolled Wire Stainless Steel Rod in Spain (CIF) - 2022

In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $5,247 per ton, increasing by 60% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod import price increased by +111.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue 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 the United States ($50,280 per ton), while the price for South Korea ($3,086 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Hot-Rolled Wire Stainless Steel Rod in Spain

In 2022, exports of hot-rolled wire rod in coil of stainless steel from Spain contracted slightly to 61K tons, shrinking by -3.6% compared with 2021. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports attained the peak of 63K tons, and then contracted slightly in the following year.

In value terms, hot-rolled wire stainless steel rod exports soared to $292M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 65%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Hot-Rolled Wire Stainless Steel Rod in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	70.2	66.6	120	170	34.3%
Germany	40.2	37.0	49.9	76.7	24.0%
Finland	7.1	5.5	6.1	13.2	23.0%
Denmark	4.2	6.0	4.4	8.8	28.0%
Czech Republic	5.4	3.9	7.4	6.9	8.5%
United States	0.4	0.3	3.4	5.9	145.2%
Others	9.7	3.9	11.6	10.6	3.0%
Total	137	123	203	292	28.7%

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

Italy (35.2K tons)
Germany (16.2K tons)
Finland (2.4K tons)
Denmark (2.2K tons)
United States (1.2K tons)
Czech Republic (1.1K tons)

Imports of Hot-Rolled Wire Stainless Steel Rod in Spain

In 2022, approx. 1.8K tons of hot-rolled wire rod in coil of stainless steel were imported into Spain; waning by -51.5% on the year before. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of 3.8K tons, and then dropped sharply in the following year.

In value terms, hot-rolled wire stainless steel rod imports shrank notably to $9.6M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. As a result, imports attained the peak of $12M, and then reduced dramatically in the following year.

Import of Hot-Rolled Wire Stainless Steel Rod in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	6.4	4.8	5.7	5.5	-4.9%
Sweden	0.1	0.6	1.3	1.6	152.0%
France	0.3	0.5	0.6	0.9	44.2%
Italy	N/A	0.1	2.2	0.8	182.8%
South Korea	0.5	0.8	1.3	0.4	-7.2%
Switzerland	N/A	N/A	N/A	0.2	0%
Others	0.2	0.2	1.2	0.2	0.0%
Total	7.6	6.9	12.4	9.6	8.1%

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

Taiwan (Chinese) (1174.1 tons)
Italy (229.2 tons)
Sweden (157.6 tons)
South Korea (123.3 tons)
France (98.2 tons)
Switzerland (27.6 tons)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

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