Eastern Europe: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Eastern Europe

The East European market for hot-rolled non-alloy steel wire rods expanded to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Eastern Europe

In value terms, hot-rolled non-alloy steel wire rod production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of hot-rolled non-alloy steel wire rods, when their volume decreased by X% to X tons. In general, exports showed a mild contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, hot-rolled non-alloy steel wire rod exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The biggest shipments were from Russia (X tons), the Czech Republic (X tons), Poland (X tons), Ukraine (X tons), Moldova (X tons) and Belarus (X tons), together recording X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Ukraine, Moldova and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled non-alloy steel wire rod export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and the Czech Republic ($X per ton), while Belarus ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports in Eastern Europe

In 2022, overseas purchases of hot-rolled non-alloy steel wire rods increased by less than X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hot-rolled non-alloy steel wire rod imports reached $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Romania (X tons), Poland (X tons), Slovakia (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022. Hungary (X tons) took the next position in the ranking, followed by Bulgaria (X tons). All these countries together took near X% share of total imports. Lithuania (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled non-alloy steel wire rod import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hungary ($X per ton) and the Czech Republic ($X per ton), while Bulgaria ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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