Serbia: 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 Serbia

The Serbian market for hot-rolled wire rod in coil of stainless steel reduced to $X in 2023, falling by X% against the previous year. In general, consumption showed a abrupt curtailment. Hot-rolled wire stainless steel rod consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, hot-rolled wire stainless steel rod production dropped to $X in 2023 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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

Exports from Serbia

In 2023, hot-rolled wire stainless steel rod exports from Serbia rose remarkably to X kg, growing by X% on 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports expanded rapidly to $X in 2023. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X kg), Montenegro (X kg) and Croatia (X kg) were the main destinations of hot-rolled wire stainless steel rod exports from Serbia, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hot-rolled wire stainless steel rod exported from Serbia were Montenegro ($X), Bosnia and Herzegovina ($X) and Croatia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Serbia

In 2023, the amount of hot-rolled wire rod in coil of stainless steel imported into Serbia reduced remarkably to X kg, with a decrease of X% on the previous year. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports contracted to $X in 2023. Over the period under review, imports saw a significant contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

China (X kg), India (X kg) and Germany (X kg) were the main suppliers of hot-rolled wire stainless steel rod imports to Serbia, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest hot-rolled wire stainless steel rod suppliers to Serbia were China ($X), India ($X) and Germany ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, 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