Italy: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Italy

In 2022, the Italian market for ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a modest increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Italy

In value terms, deformed non-alloy steel wire rod production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Italy

In 2022, overseas shipments of ribbed or other deformed wire rod of non-alloy steel decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, deformed non-alloy steel wire rod exports totaled $X in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for deformed non-alloy steel wire rod exports from Italy, with a X% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Austria exceeded the volume sent to the second major destination, Poland (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Switzerland (X% per year).

In value terms, Austria ($X) remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Italy, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Poland (X% per year).

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a moderate 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, deformed non-alloy steel wire rod export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Australia ($X per ton), while the average price for exports to Cyprus ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Italy

In 2022, after two years of growth, there was significant decline in supplies from abroad of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by X% to X tons. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports dropped markedly to $X in 2022. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to Italy, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod suppliers to Italy were Germany ($X), France ($X) and Austria ($X), together comprising X% of total imports.

Germany, with a CAGR of X%, recorded 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 import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a notable increase 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, deformed non-alloy steel wire rod import price increased by X% against 2020 indices. As a result, import price reached 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 Germany ($X per ton), while the price for France ($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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