Global Expanded Metal Market 2024

Expanded Metal Market Size

After six years of growth, the global expanded metal market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $X in 2021, and then fell in the following year.

Expanded Metal Production

In value terms, expanded metal production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value 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, production increased by X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X%. Global production peaked at $X in 2021, and then dropped in the following year.

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Expanded Metal Exports

Exports

In 2022, shipments abroad of iron or steel expanded metal increased by X% to X tons, rising for the sixth consecutive year after two years of decline. In general, total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expanded metal exports skyrocketed to $X in 2022. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Italy (X tons) took the second position in the ranking, followed by Mexico (X tons). All these countries together held approx. X% share of total exports. The United States (X tons), the UK (X tons), Germany (X tons), the United Arab Emirates (X tons), Canada (X tons) and Vietnam (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the iron or steel expanded metal exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Vietnam (X%) displayed positive paces of growth. The United States, Germany and Mexico experienced a relatively flat trend pattern. By contrast, the UK (X%), Canada (X%) and Italy (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Canada, Germany, the United States, the UK, Mexico and Italy saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest expanded metal supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Italy ($X), with an X% share of global exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Mexico (X% per year).

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated buoyant growth 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, expanded metal export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Expanded Metal Imports

Imports

After six years of growth, supplies from abroad of iron or steel expanded metal decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, expanded metal imports totaled $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) and France (X tons) represented the largest importers of iron or steel expanded metalacross the globe, together amounting to near X% of total imports. It was followed by Russia (X tons) and Canada (X tons), together mixing up a X% share of total imports. The following importers - Burkina Faso (X tons), Slovakia (X tons), Italy (X tons), Senegal (X tons), Germany (X tons), the Czech Republic (X tons), Portugal (X tons), Mexico (X tons) and Central African Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Central African Republic (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest expanded metal importing markets worldwide were the United States ($X), France ($X) and Germany ($X), with a combined X% share of global imports. Mexico, Canada, the Czech Republic, Italy, Portugal, Slovakia, Russia, Senegal, Burkina Faso and Central African Republic lagged somewhat behind, together comprising a further X%.

Central African Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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