Eastern Europe: 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 Eastern Europe

In 2020, the East European iron and steel wire market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

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

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. 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 Eastern Europe

Russia (X tons) constituted the country with the largest volume of iron and steel wire production, 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. The third position in this ranking was occupied by the Czech Republic (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Russia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Belarus (+X% per year) and the Czech Republic (+X% per year).

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

Exports in Eastern Europe

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were exported in Eastern Europe; picking up by X% on the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; afterwards, it flattened through to 2020.

In value terms, iron and steel wire exports shrank slightly to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of wire of iron or non-alloy steel (stainless steel or other alloy steel), namely the Czech Republic, Russia, Belarus and Slovakia, represented more than two-thirds of total export. Poland (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Ukraine (X%). Romania (X tons) held a minor share of total exports.

From 2007 to 2020, the biggest increases were in Belarus, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.

Slovakia saw 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 2020, the iron and steel wire export price in Eastern Europe amounted to $X per ton, falling by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. 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 somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Romania, while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported in Eastern Europe; growing by X% compared with 2019. Total imports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, iron and steel wire imports reduced slightly 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-year period. 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 most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Poland (X tons) was the key importer of wire of iron or non-alloy steel (stainless steel or other alloy steel), committing X% of total imports. Romania (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Russia (X%), Slovakia (X%), Lithuania (X%) and Hungary (X%).

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire imports into Poland stood at +X%. At the same time, Romania (+X%), Lithuania (+X%), Hungary (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2020. Russia and Slovakia experienced a relatively flat trend pattern. Romania (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Russia and Slovakia saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, Romania saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Eastern Europe stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices failed to regain the momentum.

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