Italy: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Italy

The Italian market for hot-rolled wire rod in coil of stainless steel skyrocketed to $X in 2023, picking up by X% against the previous year. In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Italy

In value terms, hot-rolled wire stainless steel rod production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Italy

In 2023, after two years of growth, there was significant decline in overseas shipments of hot-rolled wire rod in coil of stainless steel, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports declined significantly to $X in 2023. Overall, exports, however, showed a modest increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then dropped significantly in the following year.

Exports by Country

Switzerland (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Italy, with a X% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to Switzerland exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, Switzerland ($X) remains the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Italy, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2023, waning by X% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled wire stainless steel rod export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Mexico ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Italy

In 2023, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported into Italy; which is down by X% on the year before. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports fell rapidly to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then declined sharply in the following year.

Imports by Country

France (X tons), Spain (X tons) and India (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to Italy, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and India ($X) constituted the largest hot-rolled wire stainless steel rod suppliers to Italy, together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2023, which is down by X% against the previous year. In general, import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled wire stainless steel rod import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform