CIS: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in CIS

In 2020, the CIS iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a mild slump. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in CIS

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. Over the period under review, production showed a mild slump. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in CIS

Russia (X tons) remains the largest iron and steel wire producing country in the CIS, comprising approx. X% of total volume. Moreover, iron and steel wire production in Russia exceeded the figures recorded by the second-largest producer, Belarus (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Russia was relatively modest.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in CIS

In 2020, iron and steel wire exports in the CIS expanded markedly to X tons, increasing by X% compared with the previous year. Over the period under review, exports recorded a measured increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, iron and steel wire exports reached $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Russia (X tons) and Belarus (X tons) represented roughly X% of total exports of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2020.

From 2007 to 2020, the biggest increases were in Belarus.

In value terms, Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2020.

Belarus recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The iron and steel wire export price in the CIS stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in CIS

In 2020, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. Total imports indicated a temperate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports contracted to $X in 2020. Total imports indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Russia (X tons), Kazakhstan (X tons) and Belarus (X tons) was the main importer of wire of iron or non-alloy steel (stainless steel or other alloy steel) in the CIS, achieving X% of total import. It was distantly followed by Uzbekistan (X tons), making up a X% share of total imports. The following importers - Azerbaijan (X tons), Kyrgyzstan (X tons) and Moldova (X tons) - each accounted for a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported wire of iron or non-alloy steel (stainless steel or other alloy steel) in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, iron and steel wire imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Kazakhstan (-X% per year) and Belarus (+X% per year).

Import Prices by Country

The iron and steel wire import price in the CIS stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :