United Kingdom - 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 the UK - 2023
Contents:
- Price for Iron or Steel Wire Product in the UK (CIF) - 2023
- Price for Iron or Steel Wire Product in the UK (FOB) - 2022
- Imports of Iron or Steel Wire Product in the UK
- Exports of Iron or Steel Wire Product in the UK
Price for Iron or Steel Wire Product in the UK (CIF) - 2023
The average import price for iron or steel wire products stood at $3,180 per ton in June 2023, growing by 6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 23% month-to-month. As a result, import price attained the peak level of $3,933 per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($3,754 per ton), while the price for Ukraine ($1,112 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in the UK (FOB) - 2022
In 2021, the average export price for iron or steel wire products amounted to $4,138 per ton, rising by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. Over the period under review, the average export prices attained the peak figure at $4,481 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($9,065 per ton), while the average price for exports to Canada ($1,365 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Wire Product in the UK
In 2022, approx. 45K tons of iron or steel wire products were imported into the UK; increasing by 14% against 2021. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, iron or steel wire product imports reached $146M in 2022. The total import value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Steel Wire Product in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 46.8 | 41.7 | 62.9 | 15.9% | |
| Spain | 6.3 | 7.3 | 8.8 | 18.2% | |
| Poland | 0.7 | 2.2 | 8.3 | 244.3% | |
| Turkey | 2.8 | 3.1 | 6.2 | 48.8% | |
| Germany | 14.2 | 12.3 | 4.8 | -41.9% | |
| Italy | 8.8 | 7.2 | 4.2 | -30.9% | |
| Ukraine | 1.5 | 1.2 | 4.0 | 63.3% | |
| Netherlands | 3.2 | 1.4 | 3.6 | 6.1% | |
| Belgium | 5.1 | 3.8 | 3.6 | -16.0% | |
| Czech Republic | 2.1 | 5.4 | 3.4 | 27.2% | |
| Luxembourg | 0.8 | 0.3 | 2.5 | 76.8% | |
| Others | 19.6 | 12.7 | 15.0 | -12.5% | |
| Total | 112 | 98.7 | 127 | 6.5% | |
Top Suppliers of Iron or Steel Wire Product to the UK in 2022:
- China (17.8K tons)
- Turkey (4.4K tons)
- Spain (3.0K tons)
- Ukraine (2.9K tons)
- Poland (2.7K tons)
- Netherlands (1.5K tons)
- Luxembourg (1.5K tons)
- Belgium (1.4K tons)
- Czech Republic (1.3K tons)
- Italy (0.6K tons)
- Germany (0.5K tons)
Exports of Iron or Steel Wire Product in the UK
In 2022, overseas shipments of iron or steel wire products decreased by -47.3% to 4.5K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 25%. As a result, the exports attained the peak of 15K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron or steel wire product exports declined markedly to $29M in 2022. Overall, exports saw a abrupt decrease. The smallest decline of -5.5% was in 2020.
| Export of Iron or Steel Wire Product in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 9.1 | 4.1 | 5.5 | -22.3% | |
| Ireland | 6.1 | 4.2 | 4.7 | -12.2% | |
| Poland | 0.9 | 0.8 | 4.1 | 113.4% | |
| France | 5.3 | 4.1 | 2.2 | -35.6% | |
| Germany | 4.3 | 4.4 | 1.7 | -37.1% | |
| Iraq | N/A | N/A | 1.5 | 0% | |
| United Arab Emirates | 0.6 | 6.2 | 1.4 | 52.8% | |
| Turkey | 0.6 | 1.1 | 1.3 | 47.2% | |
| Australia | 0.7 | 0.4 | 1.1 | 25.4% | |
| Netherlands | 1.0 | 0.8 | 1.1 | 4.9% | |
| Belgium | 1.3 | 1.3 | 1.0 | -12.3% | |
| Canada | 1.1 | 1.1 | 0.8 | -14.7% | |
| Mozambique | 0.4 | N/A | 0.5 | 11.8% | |
| Others | 21.6 | 21.5 | 8.9 | -35.8% | |
| Total | 52.9 | 50.0 | 35.7 | -17.9% | |
Top Export Markets for Iron or Steel Wire Product from the UK in 2022:
- Ireland (1642.2 tons)
- Poland (883.5 tons)
- United States (864.9 tons)
- Canada (581.2 tons)
- Turkey (417.3 tons)
- France (332.2 tons)
- Belgium (244.9 tons)
- Iraq (212.4 tons)
- United Arab Emirates (190.0 tons)
- Germany (184.0 tons)
- Mozambique (138.0 tons)
- Australia (130.9 tons)
- Netherlands (125.5 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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