Luxembourg: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Luxembourg

In 2022, the Luxembourg market for hot-rolled non-alloy steel wire rods decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a abrupt descent. Hot-rolled non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Luxembourg

In value terms, hot-rolled non-alloy steel wire rod production fell to $X in 2022 estimated in export price. In general, production faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Luxembourg

In 2022, the amount of hot-rolled non-alloy steel wire rods exported from Luxembourg contracted sharply to X tons, reducing by X% on the year before. Over the period under review, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod exports shrank remarkably to $X in 2022. In general, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for hot-rolled non-alloy steel wire rod exports from Luxembourg, accounting for a X% share of total exports. Moreover, hot-rolled non-alloy steel wire rod exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled X%.

In value terms, Belgium ($X) emerged as the key foreign market for hot-rolled non-alloy steel wire rods exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%.

Export Prices by Country

The average export price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

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

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into Luxembourg

Hot-rolled non-alloy steel wire rod imports into Luxembourg fell markedly to X tons in 2022, reducing by X% on the previous year. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of hot-rolled non-alloy steel wire rod to Luxembourg, accounting for a X% share of total imports. Moreover, hot-rolled non-alloy steel wire rod imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled non-alloy steel wire rods to Luxembourg, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

The average import price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2022, 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, hot-rolled non-alloy steel wire rod import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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