Report Update Apr 1, 2024

Indonesia - Wire Rod of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends and Insights

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

Market Size for Wire Rod Of Free-Cutting Steel in Indonesia

The Indonesian free-cutting steel wire rod market fell rapidly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a precipitous descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wire Rod Of Free-Cutting Steel in Indonesia

In value terms, free-cutting steel wire rod production dropped notably to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then plummeted in the following year.

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Exports of Wire Rod Of Free-Cutting Steel

Exports from Indonesia

In 2022, shipments abroad of wire rod of free-cutting steel increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, free-cutting steel wire rod exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Timor-Leste (X tons) was the main destination for free-cutting steel wire rod exports from Indonesia, with a X% share of total exports. Moreover, free-cutting steel wire rod exports to Timor-Leste exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste amounted to X%.

In value terms, Timor-Leste ($X) remains the key foreign market for wire rod of free-cutting steel exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Timor-Leste stood at X%.

Export Prices by Country

In 2022, the average free-cutting steel wire rod export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a perceptible contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price 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 for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Timor-Leste stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%).

Imports of Wire Rod Of Free-Cutting Steel

Imports into Indonesia

Free-cutting steel wire rod imports into Indonesia reduced dramatically to X tons in 2022, dropping by X% on the previous year's figure. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports dropped to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of free-cutting steel wire rod imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of wire rod of free-cutting steel to Indonesia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wire rod of free-cutting steel in the world?

The countries with the highest volumes of consumption in 2023 were Spain, the UK and Italy, together comprising 45% of global consumption. Ukraine, the Dominican Republic, Turkey, Japan, France, the United States, Canada, Russia, Germany and Taiwan Chinese) lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of wire rod of free-cutting steel in the world?

The countries with the highest volumes of production in 2022 were Spain, the UK and France, with a combined 52% share of global production. Switzerland, Japan, Ukraine, Germany, Russia, Trinidad and Tobago, the Netherlands, Luxembourg and Algeria lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of wire rod of free-cutting steel to Indonesia?

In value terms, China constituted the largest supplier of wire rod of free-cutting steel to Indonesia, comprising 38% of total imports. The second position in the ranking was held by Taiwan Chinese), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 17% share.

What are the leading importers of wire rod of free-cutting steel from Indonesia?

In value terms, Timor-Leste remains the key foreign market for wire rod of free-cutting steel exports from Indonesia, comprising 91% of total exports. The second position in the ranking was held by Malaysia, with an 8.2% share of total exports.

What is the average export price for wire rod of free-cutting steel in Indonesia?

The average free-cutting steel wire rod export price stood at $811 per ton in 2022, shrinking by -30.6% against the previous year.

What is the average import price for wire rod of free-cutting steel in Indonesia?

The average free-cutting steel wire rod import price stood at $1,495 per ton in 2022, picking up by 24% against the previous year.

This report provides an in-depth analysis of the market for free-cutting steel wire rod in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106120 - Wire rod of free-cutting steel

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023