France: Metal Wool Market 2024

Metal Wool Market Size in France

In 2022, after four years of growth, there was significant decline in the French metal wool market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a notable expansion 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. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Metal Wool Production in France

In value terms, metal wool production contracted markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Metal wool production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Metal Wool Exports

Exports from France

In 2022, overseas shipments of iron or steel wool increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal wool exports reduced to $X in 2022. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main destinations of metal wool exports from France, with a combined X% share of total exports. Belgium, the UK, Poland, Slovakia, New Caledonia, Serbia, French Polynesia, Germany and Switzerland lagged somewhat behind, together comprising 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 Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the UK ($X) constituted the largest markets for metal wool exported from France worldwide, with a combined X% share of total exports. Belgium, the United Arab Emirates, New Caledonia, Serbia, Poland, Slovakia, Switzerland, Germany and French Polynesia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average metal wool export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Poland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into France

In 2022, after three years of decline, there was significant growth in overseas purchases of iron or steel wool, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal wool imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal wool to France, with a X% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to France, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, approximately reflecting 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 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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 Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform