EU: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in the EU

The EU aluminium alloy wire market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aluminium Alloy Wire Production in the EU

In value terms, aluminium alloy wire production fell modestly to $X in 2022 estimated in export price. In general, production saw a noticeable contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Aluminium Alloy Wire Exports

Exports in the EU

In 2022, shipments abroad of aluminium alloy wire increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, aluminium alloy wire exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Spain (X tons), France (X tons), Austria (X tons) and the Netherlands (X tons), together accounting for X% of total export. Hungary (X tons) ranks next in terms of the total exports with a X% share, followed by Italy (X%), Belgium (X%), Poland (X%) and Germany (X%).

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

In value terms, the largest aluminium alloy wire supplying countries in the European Union were Spain ($X), France ($X) and Italy ($X), together accounting for X% of total exports. The Netherlands, Germany, Hungary, Belgium, Poland and Austria lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of 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

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was 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.

Aluminium Alloy Wire Imports

Imports in the EU

After three years of decline, supplies from abroad of aluminium alloy wire increased by X% to X tons in 2022. In general, imports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), Germany (X tons), Finland (X tons), Italy (X tons), Spain (X tons) and Austria (X tons) represented the major importer of aluminium alloy wire in the European Union, mixing up X% of total import. The Netherlands (X tons), the Czech Republic (X tons), Slovakia (X tons), Slovenia (X tons), Sweden (X tons) and Hungary (X tons) held a minor share of total imports.

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

In value terms, France ($X) constitutes the largest market for imported aluminium alloy wire in the European Union, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in France stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Import price indicated notable growth 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, aluminium alloy wire import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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