Italy - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Italy - 2023
Contents:
- Price for Iron or Steel Wire Product in Italy (FOB) - 2023
- Price for Iron or Steel Wire Product in Italy (CIF) - 2022
- Exports of Iron or Steel Wire Product in Italy
- Imports of Iron or Steel Wire Product in Italy
Price for Iron or Steel Wire Product in Italy (FOB) - 2023
The average export price for iron or steel wire products stood at $3,798 per ton in July 2023, remaining relatively unchanged against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 19% month-to-month. The export price peaked at $4,678 per ton in December 2022; however, from January 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,431 per ton), while the average price for exports to Senegal ($1,310 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Italy (CIF) - 2022
In 2022, the average import price for iron or steel wire products amounted to $2,958 per ton, declining by -9.9% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel wire product import price decreased by -15.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $3,513 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Germany ($4,843 per ton), while the price for South Korea ($1,457 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel Wire Product in Italy
Iron or steel wire product exports from Italy declined remarkably to 27K tons in 2022, falling by -24.4% against 2021 figures. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of 36K tons, and then reduced rapidly in the following year.
In value terms, iron or steel wire product exports shrank sharply to $106M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $135M, and then dropped sharply in the following year.
| Export of Iron or Steel Wire Product in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.2 | 28.7 | 33.9 | 24.6 | -0.8% |
| Germany | 11.7 | 11.9 | 12.9 | 10.3 | -4.2% |
| United States | 11.3 | 6.0 | 6.9 | 6.8 | -15.6% |
| Poland | 6.0 | 6.6 | 9.5 | 6.4 | 2.2% |
| Spain | 5.2 | 6.1 | 9.6 | 5.1 | -0.6% |
| Slovakia | 2.9 | 3.1 | 5.1 | 4.4 | 14.9% |
| Romania | 3.2 | 3.2 | 3.0 | 3.1 | -1.1% |
| United Kingdom | 4.2 | 3.5 | 3.5 | 2.7 | -13.7% |
| Netherlands | 1.4 | 1.8 | 2.4 | 2.4 | 19.7% |
| Saudi Arabia | 1.3 | 1.6 | 1.5 | 1.6 | 7.2% |
| Israel | 1.1 | 1.0 | 1.6 | 1.6 | 13.3% |
| Hungary | 1.0 | 0.9 | 1.5 | 1.5 | 14.5% |
| Tunisia | 1.3 | 1.2 | 1.8 | 1.3 | 0.0% |
| Others | 29.2 | 36.3 | 41.8 | 34.0 | 5.2% |
| Total | 105 | 112 | 135 | 106 | 0.3% |
Top Export Markets for Iron or Steel Wire Product from Italy in 2022:
- France (6.6K tons)
- Germany (2.8K tons)
- Poland (1.9K tons)
- Spain (1.7K tons)
- Slovakia (1.4K tons)
- United States (0.9K tons)
- Saudi Arabia (0.8K tons)
- Romania (0.7K tons)
- Israel (0.7K tons)
- Netherlands (0.6K tons)
- United Kingdom (0.6K tons)
- Tunisia (0.5K tons)
- Hungary (0.5K tons)
Imports of Iron or Steel Wire Product in Italy
In 2022, the amount of iron or steel wire products imported into Italy surged to 25K tons, rising by 32% against the year before. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +68.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel wire product imports surged to $74M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Steel Wire Product in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.3 | 3.5 | 7.3 | 20.5 | 57.0% |
| China | 4.8 | 3.7 | 8.4 | 10.0 | 27.7% |
| Germany | 9.1 | 7.5 | 9.7 | 7.9 | -4.6% |
| Slovakia | 3.9 | 4.4 | 7.2 | 6.1 | 16.1% |
| Poland | 5.5 | 3.5 | 5.7 | 4.8 | -4.4% |
| Croatia | 2.8 | 3.1 | 3.7 | 4.2 | 14.5% |
| Czech Republic | 4.5 | 4.7 | 4.1 | 4.1 | -3.1% |
| Romania | 1.8 | 0.4 | 0.8 | 2.7 | 14.5% |
| France | 3.3 | 3.6 | 3.6 | 2.7 | -6.5% |
| South Korea | 1.3 | 0.3 | 0.1 | 1.8 | 11.5% |
| Spain | 3.3 | 2.1 | 2.6 | 1.8 | -18.3% |
| Others | 15.2 | 9.8 | 9.1 | 7.6 | -20.6% |
| Total | 60.8 | 46.7 | 62.4 | 74.2 | 6.9% |
Top Suppliers of Iron or Steel Wire Product to Italy in 2022:
- Belgium (8.6K tons)
- China (3.5K tons)
- Slovakia (2.1K tons)
- Germany (1.6K tons)
- Croatia (1.5K tons)
- France (1.3K tons)
- Czech Republic (1.2K tons)
- South Korea (1.2K tons)
- Romania (0.9K tons)
- Poland (0.9K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
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.
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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
-
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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