Eastern Europe: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

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

After three years of growth, the East European market for hot-rolled wire rod in coil of stainless steel decreased by X% to $X in 2023. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2022, and then fell notably in the following year.

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

In value terms, hot-rolled wire stainless steel rod production surged to $X in 2023 estimated in export price. In general, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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

Exports in Eastern Europe

In 2023, hot-rolled wire stainless steel rod exports in Eastern Europe fell significantly to X tons, waning by X% compared with 2022 figures. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod exports reduced markedly to $X in 2023. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the main exporting country with an export of around X tons, which reached X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Bulgaria (X tons). All these countries together took near X% share of total exports. The following exporters - Estonia (X tons) and Russia (X tons) - together made up X% of total exports.

Poland experienced a relatively flat trend pattern with regard to volume of exports of hot-rolled wire rod in coil of stainless steel. At the same time, Bulgaria (X%), Estonia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.), Bulgaria (X p.p.) and Estonia (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Poland ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Europe

Hot-rolled wire stainless steel rod imports fell rapidly to X tons in 2023, shrinking by X% on 2022. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports fell markedly to $X in 2023. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank notably in the following year.

Imports by Country

The Czech Republic dominates imports structure, recording X tons, which was near X% of total imports in 2023. It was distantly followed by Poland (X tons) and Russia (X tons), together constituting a X% share of total imports. The following importers - Romania (X tons) and Estonia (X tons) - each recorded a X% share of total imports.

Imports into the Czech Republic increased at an average annual rate of X% from 2012 to 2023. At the same time, Estonia (X%), Russia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. From 2012 to 2023, the share of Russia, Romania and Estonia increased by X, X and X percentage points, respectively.

In value terms, the Czech Republic ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Czech Republic stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Russia (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, saw a temperate increase. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform