Italy: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Italy

In 2022, the Italian steel stranded wire market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a pronounced shrinkage. Steel stranded wire consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in Italy

In value terms, steel stranded wire production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 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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Steel Stranded Wire Exports

Exports from Italy

In 2022, after four years of decline, there was significant growth in overseas shipments of iron or steel stranded wire, ropes and cables, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a slight decrease. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), France (X tons) and Germany (X tons) were the main destinations of steel stranded wire exports from Italy, together comprising X% of total exports. Spain, the United States, Belgium, Egypt, Turkey, the Netherlands, Romania, Serbia, Switzerland and Austria 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 Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Spain ($X) were the largest markets for steel stranded wire exported from Italy worldwide, together comprising X% of total exports. Germany, the United States, Turkey, Belgium, Egypt, the Netherlands, Romania, Switzerland, Austria and Serbia lagged somewhat behind, together comprising a further X%.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 steel stranded wire export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

Steel Stranded Wire Imports

Imports into Italy

In 2022, purchases abroad of iron or steel stranded wire, ropes and cables increased by X% to X tons, rising for the second consecutive year after three years of decline. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, steel stranded wire imports skyrocketed to $X in 2022. In general, 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of steel stranded wire imports to Italy, together accounting for X% of total imports. Spain, South Korea, Thailand, France, Germany, Slovakia, Turkey, Belgium, Luxembourg and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), China ($X) and Belgium ($X) were the largest steel stranded wire suppliers to Italy, together accounting for X% of total imports. France, Germany, Spain, South Korea, Vietnam, Thailand, Slovakia, Turkey, Luxembourg and Austria lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average steel stranded wire import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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