Spain: 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 Spain

In 2022, the Spanish market for ribbed or other deformed wire rod of non-alloy steel increased by X% to $X, rising for the sixth consecutive year after four years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

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

In value terms, deformed non-alloy steel wire rod production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted modestly in the following year.

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

Exports from Spain

In 2022, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were exported from Spain; waning by X% on the year before. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports declined rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

France (X tons) was the main destination for deformed non-alloy steel wire rod exports from Spain, accounting for a X% share of total exports. Moreover, deformed non-alloy steel wire rod exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. Israel (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Israel (X% per year).

In value terms, France ($X) emerged as the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a noticeable 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 growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and France ($X per ton), while the average price for exports to Israel ($X per ton) and Australia ($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 Switzerland (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 Spain

In 2022, purchases abroad of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a resilient expansion. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2022. In general, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of deformed non-alloy steel wire rod to Spain, accounting for a approx. X% share of total imports.

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

In value terms, Portugal ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Spain.

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

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, rising 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. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

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

Source: IndexBox Platform

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