Report Update: May 1, 2024

Italy - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights

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Steel Stranded Wire Price in Italy - 2023

Steel Stranded Wire Price in Italy (FOB) - 2023

In July 2023, the average steel stranded wire export price amounted to $2,873 per ton, falling by -4.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 6.3% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,043 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Turkey ($3,559 per ton), while the average price for exports to Serbia ($1,237 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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Price in Italy (CIF) - 2023

In July 2023, the average steel stranded wire import price amounted to $3,724 per ton, rising by 4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 an increase of 10% m-o-m. The import price peaked in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($7,590 per ton), while the price for Vietnam ($2,020 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Stranded Wire Exports in Italy

In 2022, overseas shipments of iron or steel stranded wire, ropes and cables were finally on the rise to reach 108K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel stranded wire exports surged to $277M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Steel Stranded Wire in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	25.0	21.5	29.2	44.8	21.5%
France	15.9	12.2	14.4	27.1	19.5%
Spain	24.2	18.2	27.8	26.1	2.6%
Germany	9.3	10.4	9.7	18.4	25.5%
Turkey	7.7	9.8	12.5	17.2	30.7%
United States	18.7	17.8	20.1	17.2	-2.7%
Egypt	1.1	6.0	9.3	10.7	113.5%
Belgium	6.9	8.0	1.9	10.7	15.7%
Netherlands	4.4	2.6	0.5	8.7	25.5%
Switzerland	4.0	5.4	6.2	6.9	19.9%
Austria	7.4	4.6	6.7	6.7	-3.3%
Romania	3.6	2.4	2.2	6.2	19.9%
Serbia	4.0	2.8	4.6	5.3	9.8%
Others	67.3	49.2	78.4	71.3	1.9%
Total	199	171	224	277	11.7%

Top Export Markets for Steel Stranded Wire from Italy in 2022:

Poland (16.3K tons)
France (12.2K tons)
Germany (9.4K tons)
Spain (8.6K tons)
United States (7.2K tons)
Belgium (6.1K tons)
Egypt (5.6K tons)
Turkey (5.0K tons)
Netherlands (4.4K tons)
Romania (3.7K tons)
Serbia (3.3K tons)
Switzerland (3.2K tons)
Austria (2.6K tons)

Steel Stranded Wire Imports in Italy

In 2022, the amount of iron or steel stranded wire, ropes and cables imported into Italy reached 67K tons, increasing by 3.7% on 2021. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, steel stranded wire imports surged to $218M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Steel Stranded Wire in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	14.2	16.9	19.7	27.5	24.6%
France	16.3	13.5	21.2	23.6	13.1%
China	12.5	18.7	25.1	22.7	22.0%
Belgium	15.8	16.5	20.1	19.1	6.5%
South Korea	10.9	6.6	10.1	15.7	12.9%
Germany	10.4	10.7	14.1	15.7	14.7%
Vietnam	5.5	4.7	10.1	13.7	35.6%
Spain	13.3	13.8	13.5	12.7	-1.5%
Thailand	13.9	6.1	6.5	10.8	-8.1%
Slovakia	12.0	10.2	10.0	9.0	-9.1%
Turkey	8.0	6.1	6.4	8.5	2.0%
Luxembourg	4.7	0.8	3.9	6.9	13.7%
Others	27.1	21.9	25.6	32.3	6.0%
Total	165	146	186	218	9.7%

Top Suppliers of Steel Stranded Wire to Italy in 2022:

Romania (8.0K tons)
China (6.1K tons)
France (5.9K tons)
Vietnam (5.9K tons)
South Korea (5.4K tons)
Thailand (5.0K tons)
Spain (4.3K tons)
Germany (4.0K tons)
Turkey (3.6K tons)
Slovakia (3.5K tons)
Luxembourg (3.0K tons)
Belgium (2.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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.

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