EU: Market for Wire Rod Of Free-Cutting Steel 2024

Market Size for Wire Rod Of Free-Cutting Steel in the EU

In 2022, the EU free-cutting steel wire rod market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated notable growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wire Rod Of Free-Cutting Steel in the EU

In value terms, free-cutting steel wire rod production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Wire Rod Of Free-Cutting Steel

Exports in the EU

In 2022, exports of wire rod of free-cutting steel in the European Union declined rapidly to X tons, which is down by X% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 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 2022, the exports stood at a somewhat lower figure.

In value terms, free-cutting steel wire rod exports shrank modestly to $X in 2022. In general, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of wire rod of free-cutting steel, namely Germany, France and Spain, represented more than two-thirds of total export. It was distantly followed by the Netherlands (X tons), generating an X% share of total exports. Italy (X tons), the Czech Republic (X tons) and Belgium (X tons) held a minor share of total exports.

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

In value terms, the largest free-cutting steel wire rod supplying countries in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising X% of total exports. The Netherlands, Italy, the Czech Republic and Belgium lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw 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 the European Union amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a measured increase 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, free-cutting steel wire rod export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Italy ($X per ton) and the Netherlands ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Imports of Wire Rod Of Free-Cutting Steel

Imports in the EU

In 2022, free-cutting steel wire rod imports in the European Union shrank sharply to X tons, waning by X% on the previous year's figure. Total imports indicated slight growth 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 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy was the main importer of wire rod of free-cutting steel in the European Union, with the volume of imports recording X tons, which was near X% of total imports in 2022. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%) and Belgium (X%). The following importers - France (X tons), Poland (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to free-cutting steel wire rod imports into Italy stood at X%. At the same time, the Netherlands (X%), Spain (X%), Poland (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, France (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Spain, the Netherlands and Poland increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported wire rod of free-cutting steel in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Italy stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Import price indicated measured 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, free-cutting steel wire rod import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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