Macedonia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2020

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Macedonia

The revenue of the iron and steel wire market in Macedonia amounted to $X in 2018, picking up by X% against the previous year. Overall, iron and steel wire consumption continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the iron and steel wire market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Macedonia

In value terms, iron and steel wire production totaled $X in 2018 estimated in export prices. In general, iron and steel wire production, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, iron and steel wire production reached its peak level of $X. From 2016 to 2018, iron and steel wire production growth failed to regain its momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Macedonia

In 2018, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) exported from Macedonia amounted to X tons, approximately reflecting the previous year. Overall, the total exports indicated a pronounced expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, iron and steel wire exports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, iron and steel wire exports totaled $X in 2018. Overall, the total exports indicated perceptible growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron and steel wire exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, iron and steel wire exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel) exported in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2018. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%), Germany (X%) and the Czech Republic (X%). Turkey (X tons), Belarus (X tons), Russia (X tons), France (X tons), Mexico (X tons), Japan (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to iron and steel wire exports from China stood at +X%. At the same time, Turkey (+X%), Mexico (+X%), Belarus (+X%), Italy (+X%), the Czech Republic (+X%), South Korea (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. Japan, Russia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Turkey, Italy and Belarus increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the iron and steel wire export price in Macedonia amounted to $X per ton, jumping by X% against the previous year. In general, the iron and steel wire export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the export price increased by X% against the previous year. In that year, the export prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Macedonia

In 2018, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported into Macedonia; growing by X% against the previous year. Over the period under review, iron and steel wire imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Macedonia imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, iron and steel wire imports amounted to $X in 2018. Over the period under review, iron and steel wire imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Macedonia imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

The countries with the highest levels of iron and steel wire imports in 2018 were the U.S. (X tons), Italy (X tons) and Germany (X tons), together recording X% of total import. It was followed by Poland (X tons), generating a X% share of total imports. The following importers - France (X tons), Japan (X tons), India (X tons), Switzerland (X tons), Thailand (X tons), the Netherlands (X tons), the UK (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Macedonia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets into Macedonia were Germany ($X), the U.S. ($X) and France ($X), with a combined X% share of total imports. These countries were followed by Poland, Japan, Italy, India, Thailand, Switzerland, the Netherlands, South Korea, the UK and Macedonia, which together accounted for a further X experienced the highest rates of growth with regard to market size, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Macedonia stood at $X per ton in 2018, growing by X% against the previous year. Overall, the iron and steel wire import price, however, continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform