Report Update Apr 1, 2024

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

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

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

The Pakistani free-cutting steel wire rod market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wire Rod Of Free-Cutting Steel in Pakistan

In value terms, free-cutting steel wire rod production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Free-cutting steel wire rod production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Wire Rod Of Free-Cutting Steel

Exports from Pakistan

In 2022, the amount of wire rod of free-cutting steel exported from Pakistan expanded markedly to X kg, growing by X% compared with 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, free-cutting steel wire rod exports expanded notably to $X in 2022. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for free-cutting steel wire rod exports from Pakistan, accounting for a approx. X% share of total exports.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for wire rod of free-cutting steel exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates 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. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Wire Rod Of Free-Cutting Steel

Imports into Pakistan

In 2022, approx. X tons of wire rod of free-cutting steel were imported into Pakistan; increasing by X% on the year before. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, free-cutting steel wire rod imports surged to $X in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) was the main supplier of free-cutting steel wire rod to Pakistan, accounting for a X% share of total imports. It was followed by the United Arab Emirates (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%.

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a pronounced increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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 a decline.

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 accounting for 45% of global consumption. Ukraine, the Dominican Republic, Turkey, Japan, France, the United States, Canada, Russia, Germany and Taiwan Chinese) lagged somewhat behind, together comprising 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 Pakistan?

In value terms, Germany constituted the largest supplier of wire rod of free-cutting steel to Pakistan, comprising 99% of total imports. The second position in the ranking was held by the United Arab Emirates $329), with a 0.2% share of total imports.

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

In value terms, the United Arab Emirates $697) emerged as the key foreign market for wire rod of free-cutting steel exports from Pakistan.

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

The average free-cutting steel wire rod export price stood at $878 per ton in 2022, dropping by -4.5% against the previous year.

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

In 2022, the average free-cutting steel wire rod import price amounted to $1,378 per ton, growing by 75% against the previous year.

This report provides an in-depth analysis of the market for free-cutting steel wire rod in Pakistan. 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:

Pakistan

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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