Luxembourg - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in Luxembourg - 2023
Contents:
- Price for Iron and Steel Wire in Luxembourg (FOB) - 2023
- Price for Iron and Steel Wire in Luxembourg (CIF) - 2023
- Exports of Iron and Steel Wire in Luxembourg
- Imports of Iron and Steel Wire in Luxembourg
Price for Iron and Steel Wire in Luxembourg (FOB) - 2023
In September 2023, the average iron and steel wire export price amounted to $1,555 per ton, shrinking by -3.8% against the previous month. Overall, the export price saw a slight downturn. The growth pace was the most rapid in October 2022 when the average export price increased by 3.1% month-to-month. As a result, the export price reached the peak level of $1,825 per ton. From November 2022 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Kosovo ($2,188 per ton), while the average price for exports to Norway ($1,347 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron and Steel Wire in Luxembourg (CIF) - 2023
In September 2023, the average iron and steel wire import price amounted to $3,465 per ton, picking up by 159% against the previous month. Over the period under review, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From September 2022 to September 2023, the rate of growth in terms of prices for South Korea amounted to +26.8% per month.
Exports of Iron and Steel Wire in Luxembourg
In 2022, approx. 78K tons of iron and steel wire were exported from Luxembourg; reducing by -14% against 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year.
In value terms, iron and steel wire exports expanded slightly to $142M in 2022. The total export value increased at an average annual rate of +1.6% 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 38% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Iron and Steel Wire in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 32.7 | 23.2 | 37.0 | 37.2 | 4.4% |
| Germany | 26.6 | 21.5 | 30.4 | 28.5 | 2.3% |
| United Kingdom | 18.5 | 12.2 | 15.7 | 18.5 | 0.0% |
| Spain | 10.9 | 8.3 | 11.2 | 12.5 | 4.7% |
| Netherlands | 5.1 | 5.8 | 8.0 | 9.1 | 21.3% |
| Italy | 4.4 | 4.4 | 6.0 | 5.6 | 8.4% |
| Poland | 5.7 | 4.8 | 6.3 | 4.9 | -4.9% |
| Sweden | 3.6 | 4.0 | 5.7 | 4.8 | 10.1% |
| Hungary | 4.9 | 4.9 | 3.5 | 3.6 | -9.8% |
| Czech Republic | 2.4 | 2.0 | 3.8 | 3.3 | 11.2% |
| Portugal | 5.4 | 1.2 | 1.6 | 2.0 | -28.2% |
| Belgium | 4.0 | 1.7 | 1.7 | 1.7 | -24.8% |
| Others | 11.0 | 6.1 | 7.5 | 10.1 | -2.8% |
| Total | 135 | 99.9 | 138 | 142 | 1.7% |
Top Export Markets for Iron and Steel Wire from Luxembourg in 2022:
- France (19.5K tons)
- Germany (14.1K tons)
- United Kingdom (10.8K tons)
- Spain (7.4K tons)
- Netherlands (5.5K tons)
- Italy (3.0K tons)
- Poland (3.0K tons)
- Sweden (2.9K tons)
- Hungary (2.1K tons)
- Czech Republic (1.8K tons)
- Portugal (1.1K tons)
- Belgium (1.0K tons)
Imports of Iron and Steel Wire in Luxembourg
After three years of growth, overseas purchases of iron and steel wire decreased by -9.7% to 32K tons in 2022. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 35K tons, and then fell in the following year.
In value terms, iron and steel wire imports expanded rapidly to $51M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 88%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Iron and Steel Wire in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.1 | 2.9 | 13.7 | 14.0 | 419.2% |
| Italy | 4.7 | 3.2 | 7.9 | 8.7 | 22.8% |
| Slovakia | 3.2 | 2.8 | 4.0 | 7.0 | 29.8% |
| Romania | 0.4 | 4.7 | 5.9 | 5.9 | 145.2% |
| Ukraine | 3.4 | 3.8 | 6.8 | 5.0 | 13.7% |
| France | 1.1 | 1.0 | 2.0 | 4.4 | 58.7% |
| Germany | 4.5 | 3.9 | 3.0 | 2.3 | -20.0% |
| Czech Republic | 1.2 | 1.1 | 1.5 | 1.5 | 7.7% |
| Belgium | 4.0 | 0.6 | 0.6 | 0.7 | -44.1% |
| Others | 0.7 | 0.6 | 0.8 | 1.9 | 39.5% |
| Total | 23.3 | 24.6 | 46.3 | 51.5 | 30.3% |
Top Suppliers of Iron and Steel Wire to Luxembourg in 2022:
- Italy (6.4K tons)
- South Korea (4.7K tons)
- Slovakia (4.4K tons)
- Romania (4.2K tons)
- France (3.9K tons)
- Ukraine (3.8K tons)
- Germany (1.4K tons)
- Czech Republic (0.9K tons)
- Belgium (0.5K tons)
This report provides an in-depth analysis of the market for iron and steel wire in Luxembourg. 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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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This report provides an in-depth analysis of the market for iron and steel wire in Luxembourg.
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This report provides an in-depth analysis of the market for iron and steel wire in Luxembourg.
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This report provides an in-depth analysis of the global market for iron and steel wire.
1913
This report provides an in-depth analysis of the global market for iron and steel wire.
294
This report provides an in-depth analysis of the market for iron and steel wire in Luxembourg.
440
This report provides an in-depth analysis of the market for iron and steel wire in Luxembourg.
503
This report provides an in-depth analysis of the global market for iron and steel wire.
1913
This report provides an in-depth analysis of the global market for iron and steel wire.
155
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
814
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1479
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
975
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1194
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
647
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
900
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3499
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
728
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
