Report Update: Apr 1, 2024

Spain - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Wire Product in Spain - 2023

Price for Iron or Steel Wire Product in Spain (CIF) - 2022

In 2021, the average import price for iron or steel wire products amounted to $2,636 per ton, increasing by 8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, average import prices attained the peak figure at $3,002 per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($18,108 per ton), while the price for the Czech Republic ($1,363 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Wire Product in Spain (FOB) - 2023

In July 2023, the average export price for iron or steel wire products amounted to $4,207 per ton, with an increase of 23% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in March 2023 an increase of 32% against the previous month. The export price peaked at $4,778 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($5,154 per ton), while the average price for exports to Japan ($61.0 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 Portugal (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Product in Spain

In 2022, purchases abroad of iron or steel wire products decreased by -4.3% to 23K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.3% 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 2020 with an increase of 20% against the previous year.

In value terms, iron or steel wire product imports soared to $78M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron or Steel Wire Product in Spain (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	10.2	7.4	13.6	15.5%
Germany	7.9	9.6	9.9	11.9%
France	8.5	8.4	9.0	2.9%
Italy	5.3	6.2	8.0	22.9%
Belgium	4.1	5.1	5.8	18.9%
Luxembourg	0.9	3.4	4.7	128.5%
Czech Republic	3.1	2.1	2.6	-8.4%
Portugal	1.0	1.8	2.4	54.9%
Poland	1.2	1.0	2.4	41.4%
Netherlands	1.6	0.6	0.4	-50.0%
Others	4.9	6.3	5.0	1.0%
Total	48.7	51.8	63.7	14.4%

Top Suppliers of Iron or Steel Wire Product to Spain in 2022:

China (4.0K tons)
Belgium (3.3K tons)
Italy (3.2K tons)
Luxembourg (3.0K tons)
Germany (2.4K tons)
France (2.2K tons)
Czech Republic (1.9K tons)
Portugal (1.1K tons)
Poland (0.9K tons)
Netherlands (0.1K tons)

Exports of Iron or Steel Wire Product in Spain

In 2022, approx. 14K tons of iron or steel wire products were exported from Spain; surging by 7.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +6.0% 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 exports increased by 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, iron or steel wire product exports skyrocketed to $51M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Iron or Steel Wire Product in Spain (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
France	13.6	14.0	16.5	10.1%
United Kingdom	0.3	0.7	6.2	354.6%
Portugal	3.3	3.3	5.3	26.7%
Morocco	2.1	4.6	3.6	30.9%
Poland	1.8	1.4	1.7	-2.8%
Italy	1.6	1.3	1.6	0.0%
Germany	3.8	2.0	1.5	-37.2%
Slovakia	0.5	0.5	0.8	26.5%
Japan	0.1	0.2	0.1	0.0%
Others	6.6	5.2	6.8	1.5%
Total	33.5	33.4	44.3	15.0%

Top Export Markets for Iron or Steel Wire Product from Spain in 2022:

France (4.0K tons)
United Kingdom (2.3K tons)
Portugal (2.1K tons)
Morocco (1.2K tons)
Italy (0.4K tons)
Slovakia (0.4K tons)
Poland (0.3K tons)
Japan (0.2K tons)
Germany (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers

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
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