Latest Report Update: Oct 11, 2021

United Kingdom - Bars And Rods Of Iron Or Steel (Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

United Kingdom: Iron Bar Market Overview 2021

Iron Bar Market Size in the UK

In 2020, after three years of decline, there was significant growth in the UK iron bar market, when its value increased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market failed to regain the momentum.

Iron Bar Production in the UK

In value terms, iron bar production fell notably to $X in 2020 estimated in export prices. In general, production, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% year-to-year. Iron bar production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Iron Bar Exports

Exports from the UK

In 2020, iron bar exports from the UK shrank slightly to X tonnes, remaining stable against the year before. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, iron bar exports contracted rapidly to $X in 2020. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main destinations of iron bar exports from the UK, with a combined X% share of total exports. Ireland, Taiwan (Chinese), Italy, Spain, Turkey, France, Sweden, Poland, the Czech Republic and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Taiwan (Chinese), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron bar exported from the UK were Germany ($X), Italy ($X) and Belgium ($X), together comprising X% of total exports. These countries were followed by the Netherlands, Ireland, Taiwan (Chinese), the U.S., France, Spain, Turkey, Poland, Sweden and the Czech Republic, which together accounted for a further X (Chinese) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron bar export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Iron Bar Imports

Imports into the UK

In 2020, purchases abroad of bars and rods of iron or steel (hot-rolled) decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, iron bar imports dropped dramatically to $X in 2020. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Portugal (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main suppliers of iron bar imports to the UK, together accounting for X% of total imports. These countries were followed by Belarus, France, the Czech Republic and Italy, which together accounted for a further X 2007 to 2020, the biggest increases were in Belarus, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron bar suppliers to the UK were Portugal ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports. Belarus, France, the Czech Republic and Italy lagged somewhat behind, together comprising a further X the main suppliers, Belarus saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average iron bar import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Belarus ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bars and rods of iron or steel (hot-rolled) in the world?
+
The country with the largest volume of iron bar consumption was China (610M tonnes), accounting for 71% of total volume. Moreover, iron bar consumption in China exceeded the figures recorded by the second-largest consumer, India (31M tonnes), more than tenfold.
What are the largest producers of bars and rods of iron or steel (hot-rolled) in the world?
+
China (621M tonnes) constituted the country with the largest volume of iron bar production, comprising approx. 72% of total volume. Moreover, iron bar production in China exceeded the figures recorded by the second-largest producer, India (32M tonnes), more than tenfold. South Korea (22M tonnes) ranked third in terms of total production with a 2.6% share.
What are the leading suppliers of bars and rods of iron or steel (hot-rolled) to the UK?
+
In value terms, the largest iron bar suppliers to the UK were Portugal ($84M), Germany ($78M) and Spain ($65M), with a combined 49% share of total imports. Belarus, France, the Czech Republic and Italy lagged somewhat behind, together comprising a further 29%.
What are the leading importers of bars and rods of iron or steel (hot-rolled) from the UK?
+
In value terms, the largest markets for iron bar exported from the UK were Germany ($110M), Italy ($62M) and Belgium ($53M), together comprising 37% of total exports. The Netherlands, Ireland, Taiwan (Chinese), the U.S., France, Spain, Turkey, Poland, Sweden and the Czech Republic lagged somewhat behind, together comprising a further 49%.
What is the average export price for bars and rods of iron or steel (hot-rolled) in the UK?
+
In 2020, the average iron bar export price amounted to $726 per tonne, shrinking by -17.9% against the previous year.
What is the average import price for bars and rods of iron or steel (hot-rolled) in the UK?
+
In 2020, the average iron bar import price amounted to $702 per tonne, dropping by -6.6% against the previous year.

Product coverage:
• Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
• Prodcom 24106120 - Wire rod of free-cutting steel
• Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
• Prodcom 24106140 - Wire rod for tyre cord
• Prodcom 24106190 - Other wire rod (of non-alloy steel)
• Prodcom 24106210 - Hot-rolled concrete reinforcing bars
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels
• Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
• Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
• Prodcom 24106410 - Hot-rolled round bars, of stainless steel
• Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
• Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
• Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
• Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
• Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
• Prodcom 24106630 - Hot-rolled bars in bearing steels
• Prodcom 24106640 - Hot-rolled bars in tool steels
• Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)

This report provides an in-depth analysis of the iron bar market in the UK. 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 2025.


Country coverage:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Solar Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global solar energy market.



Thursday, November 4th, 2021 @ 03:00 pm ET


Register

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data