EU: Metal Wool Market 2024

Metal Wool Market Size in the EU

The EU metal wool market shrank slightly to $X in 2022, approximately equating the previous year. Overall, consumption, however, saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in the EU

In value terms, metal wool production contracted modestly to $X in 2022 estimated in export price. In general, production saw a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Wool Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel wool, when their volume decreased by X% to X tons. In general, exports saw a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, metal wool exports shrank significantly to $X in 2022. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) and Germany (X tons) represented the largest exporters of iron or steel wool in 2022, recording approx. X% and X% of total exports, respectively. The Netherlands (X tons) ranks next in terms of the total exports with a X% share, followed by Sweden (X%), Belgium (X%), Spain (X%) and Portugal (X%). Luxembourg (X tons), the Czech Republic (X tons), Poland (X tons), France (X tons) and Denmark (X tons) followed a long way behind the leaders.

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

In value terms, the largest metal wool supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total exports. France, Belgium, Poland, Sweden, Spain, Portugal, Luxembourg, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the export price in the European Union amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Portugal ($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.

Metal Wool Imports

Imports in the EU

In 2022, overseas purchases of iron or steel wool were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a mild decline. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal wool imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons), the Netherlands (X tons), Italy (X tons) and Spain (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Belgium (X tons) and Ireland (X tons), together comprising an X% share of total imports. The following importers - Romania (X tons), Poland (X tons), the Czech Republic (X tons), Portugal (X tons), Austria (X tons) and Greece (X tons) - together made up X% of total imports.

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

In value terms, the largest metal wool importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports. Spain, Italy, Belgium, Ireland, Romania, Poland, Austria, Portugal, Greece and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Romania, with a CAGR of X%, 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 import price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

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

Source: IndexBox Platform