United Kingdom - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in the UK - 2023
Contents:
- Steel Stranded Wire Price in the UK (FOB) - 2022
- Steel Stranded Wire Price in the UK (CIF) - 2023
- Steel Stranded Wire Exports in the UK
- Steel Stranded Wire Imports in the UK
Steel Stranded Wire Price in the UK (FOB) - 2022
The average steel stranded wire export price stood at $5,815 per ton in 2022, picking up by 4.3% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire export price increased by +60.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($10,358 per ton), while the average price for exports to Iceland ($3,250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Stranded Wire Price in the UK (CIF) - 2023
The average steel stranded wire import price stood at $2,371 per ton in August 2023, which is down by -17% against the previous month. Overall, the import price saw a mild contraction. The growth pace was the most rapid in January 2023 an increase of 38% m-o-m. As a result, import price attained the peak level of $3,895 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,032 per ton), while the price for Spain ($1,117 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.2%), while the prices for the other major suppliers experienced a decline.
Steel Stranded Wire Exports in the UK
In 2022, the amount of iron or steel stranded wire, ropes and cables exported from the UK rose remarkably to 34K tons, increasing by 7.9% compared with 2021 figures. The total export volume increased at an average annual rate of +6.3% 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 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, steel stranded wire exports stood at $199M in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Steel Stranded Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 12.7 | 10.1 | 43.7 | 38.4 | 44.6% |
| United States | 13.3 | 15.1 | 17.1 | 30.5 | 31.9% |
| France | 4.6 | 3.3 | 17.6 | 17.8 | 57.0% |
| China | 8.2 | 6.0 | 4.4 | 13.8 | 18.9% |
| Netherlands | 6.8 | 6.6 | 10.3 | 11.9 | 20.5% |
| Germany | 7.1 | 5.3 | 8.4 | 8.4 | 5.8% |
| Canada | 2.7 | 2.9 | 3.6 | 6.2 | 31.9% |
| Italy | 3.7 | 3.0 | 3.7 | 5.5 | 14.1% |
| Iceland | 2.4 | 2.0 | 2.8 | 4.7 | 25.1% |
| Denmark | 5.1 | 1.7 | 5.5 | 4.2 | -6.3% |
| Brazil | 2.3 | 2.1 | 2.4 | 3.6 | 16.1% |
| Spain | 4.5 | 2.6 | 3.6 | 3.5 | -8.0% |
| Ireland | 2.8 | 2.2 | 3.1 | 3.1 | 3.5% |
| Others | 34.5 | 37.1 | 50.3 | 47.0 | 10.9% |
| Total | 111 | 100 | 176 | 199 | 21.5% |
Top Export Markets for Steel Stranded Wire from the UK in 2022:
- United States (5.2K tons)
- Norway (3.7K tons)
- China (3.4K tons)
- Netherlands (2.6K tons)
- France (1.7K tons)
- Germany (1.7K tons)
- Iceland (1.4K tons)
- Italy (1.3K tons)
- Canada (1.2K tons)
- Brazil (0.9K tons)
- Spain (0.9K tons)
- Denmark (0.9K tons)
- Ireland (0.7K tons)
Steel Stranded Wire Imports in the UK
In 2022, the amount of iron or steel stranded wire, ropes and cables imported into the UK contracted to 43K tons, with a decrease of -11.9% against the previous year's figure. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.6% against the previous year.
In value terms, steel stranded wire imports expanded significantly to $130M in 2022. The total import value increased at an average annual rate of +3.4% 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 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel Stranded Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 6.1 | 11.4 | 30.0 | 48.3% |
| Germany | 18.1 | 15.5 | 17.0 | 14.3 | -7.6% |
| India | 8.3 | 7.5 | 8.2 | 10.9 | 9.5% |
| Turkey | 3.5 | 4.0 | 9.5 | 10.0 | 41.9% |
| Portugal | 8.5 | 10.0 | 10.4 | 9.6 | 4.1% |
| Romania | 0.3 | 0.2 | N/A | 7.2 | 188.4% |
| South Korea | 3.3 | 2.1 | 2.0 | 5.0 | 14.9% |
| Thailand | 10.6 | 3.3 | 4.1 | 4.8 | -23.2% |
| Spain | 6.3 | 2.9 | 5.0 | 4.8 | -8.7% |
| United Arab Emirates | 2.3 | 0.9 | 3.1 | 3.2 | 11.6% |
| Tunisia | N/A | N/A | 2.8 | 1.4 | -50.0% |
| Ireland | 0.9 | 0.5 | 0.8 | 1.2 | 10.1% |
| Italy | 13.3 | 10.2 | 12.7 | 0.8 | -60.8% |
| Others | 32.9 | 34.5 | 34.6 | 26.7 | -6.7% |
| Total | 118 | 97.9 | 122 | 130 | 3.3% |
Top Suppliers of Steel Stranded Wire to the UK in 2022:
- China (8.4K tons)
- Turkey (6.3K tons)
- India (4.5K tons)
- Portugal (4.4K tons)
- Spain (2.9K tons)
- Thailand (2.8K tons)
- Germany (2.6K tons)
- Romania (2.5K tons)
- United Arab Emirates (1.1K tons)
- Tunisia (0.9K tons)
- South Korea (0.9K tons)
- Ireland (0.8K tons)
- Italy (0.3K tons)
This report provides an in-depth analysis of the steel stranded wire market 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 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:
- 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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This report provides an in-depth analysis of the steel stranded wire market in the UK.
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Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
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Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
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Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
947
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
130
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
221
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
890
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
947
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
