CIS: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in CIS

The CIS market for hot-rolled wire rod in coil of stainless steel soared to $X in 2019, with an increase of X% against the previous year. Over the period under review, consumption showed a strong increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of consumption peaked in 2019 and is expected to retain growth in the immediate term.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in CIS

Moldova (X kg) constituted the country with the largest volume of hot-rolled wire stainless steel rod production, accounting for X% of total volume.

Production By Country in CIS

Moldova (X kg) remains the largest hot-rolled wire stainless steel rod producing country in the CIS, accounting for X% of total volume.

From 2007 to 2019, the average annual rate of growth in terms of volume in Moldova totaled +X%.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in CIS

In 2019, overseas shipments of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports shrank dramatically to $X in 2019. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Russia (X tonnes), together amounting to X% of total export.

Russia was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel exports, with a CAGR of -X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest hot-rolled wire stainless steel rod supplier in the CIS.

From 2007 to 2019, the average annual growth rate of value in Russia totaled -X%.

Export Prices by Country

The export price for hot-rolled wire rod in coil of stainless steel in the CIS stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2012 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2019, the rate of growth in terms of prices for Russia amounted to +X% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in CIS

In 2019, approx. X tonnes of hot-rolled wire rod in coil of stainless steel were imported in the CIS; picking up by X% against the previous year's figure. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, hot-rolled wire stainless steel rod imports surged to $X in 2019. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Belarus dominates hot-rolled wire stainless steel rod imports structure, accounting for X tonnes, which was approx. X% of total imports in 2019. Kazakhstan (X tonnes) ranks second in terms of the total imports with a X% share, followed by Russia (X%).

Belarus was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel imports, with a CAGR of +X% from 2007 to 2019. At the same time, Kazakhstan (+X%) displayed positive paces of growth. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of Belarus (+X p.p.) and Kazakhstan (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Russia (-X p.p.) displayed negative dynamics.

In value terms, Belarus ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports.

In Belarus, hot-rolled wire stainless steel rod imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Russia (-X% per year).

Import Prices by Country

In 2019, the import price for hot-rolled wire rod in coil of stainless steel in the CIS amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was Belarus ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in the CIS?

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The country with the largest volume of hot-rolled wire stainless steel rod consumption was Belarus (131 tonnes), accounting for 85% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in Belarus exceeded the figures recorded by the second-largest consumer, Kazakhstan (16 tonnes), eightfold.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in the CIS?

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Moldova (0 kg) constituted the country with the largest volume of hot-rolled wire stainless steel rod production, accounting for 100% of total volume.

What are the leading exporters of hot-rolled wire rod in coil of stainless steel in the CIS?

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In value terms, Russia ($18K) remains the largest hot-rolled wire stainless steel rod supplier in the CIS.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in the CIS?

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In value terms, Belarus ($552K) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in the CIS, comprising 83% of total imports. The second position in the ranking was occupied by Kazakhstan ($64K), with a 9.7% share of total imports.

What is the average export price for hot-rolled wire rod in coil of stainless steel in the CIS?

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The export price for hot-rolled wire rod in coil of stainless steel in the CIS stood at $5,048 per tonne in 2019, surging by 25% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in the CIS?

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In 2019, the import price for hot-rolled wire rod in coil of stainless steel in the CIS amounted to $4,214 per tonne, picking up by 8.4% against the previous year.