France: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in France

In 2022, the French iron and steel wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, posted prominent growth. Iron and steel wire consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Iron and Steel Wire in France

In value terms, iron and steel wire production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed notable growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Iron and steel wire production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Iron and Steel Wire

Exports from France

In 2022, the amount of iron and steel wire exported from France declined to X tons, dropping by X% on 2021. Overall, exports continue to indicate a noticeable descent. 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 reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, iron and steel wire exports expanded rapidly to $X in 2022. Over the period under review, exports showed a mild slump. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Germany (X tons) and Italy (X tons) were the main destinations of iron and steel wire exports from France, together accounting for X% of total exports. Spain, the Czech Republic, Poland, Belgium, the United States, the UK, Brazil, the Netherlands, Canada and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Italy ($X) constituted the largest markets for iron and steel wire exported from France worldwide, with a combined X% share of total exports. Spain, the United States, Brazil, Belgium, the Czech Republic, Poland, the UK, the Netherlands, Canada and Switzerland lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron and steel wire export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a notable expansion 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, iron and steel wire export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports into France

In 2022, the amount of iron and steel wire imported into France shrank slightly to X tons, waning by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, iron and steel wire imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of iron and steel wire to France, with a X% share of total imports. Moreover, iron and steel wire imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, Italy ($X), Spain ($X) and Germany ($X) appeared to be the largest iron and steel wire suppliers to France, with a combined X% share of total imports. Belgium, Slovakia, Luxembourg, the Netherlands, India, China, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron and steel wire import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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