Barbed Wire Market

The global barbed wire market is expected to see continued growth in consumption, production, imports, and exports over the next eight years. With a forecasted CAGR of +1.6% in consumption volume and +4.7% in market value from 2022 to 2030, the market is projected to reach 968K tons and $2.8B respectively by the end of 2030. Key players in consumption include China, Turkey, and the United States, while China leads in exports with 52% of total exports. The market is expected to see stable growth despite fluctuations in production volume and prices.

Market Forecast

Driven by increasing demand for barbed wire and entanglements worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 968K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $2.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Barbed Wire And Entanglements

In 2022, approx. 851K tons of barbed wire and entanglements were consumed worldwide; remaining constant against 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, global consumption hit record highs at 961K tons in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

The global barbed wire market size fell slightly to $1.9B in 2022, which is down by -3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.5% against 2020 indices. Over the period under review, the global market attained the peak level at $2.8B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (101K tons), Turkey (96K tons) and the United States (62K tons), together comprising 30% of global consumption. India, Japan, Pakistan, Russia, Brazil, Indonesia, Bangladesh, Mexico, Italy and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +9.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($554M) led the market, alone. The second position in the ranking was held by China ($172M). It was followed by the United States.

In Turkey, the barbed wire market increased at an average annual rate of +3.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+2.1% per year) and the United States (+4.8% per year).

In 2022, the highest levels of barbed wire per capita consumption was registered in Turkey (1,118 kg per 1000 persons), followed by Japan (281 kg per 1000 persons), Italy (245 kg per 1000 persons) and the United States (186 kg per 1000 persons), while the world average per capita consumption of barbed wire was estimated at 108 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the barbed wire per capita consumption in Turkey amounted to -1.8%. In the other countries, the average annual rates were as follows: Japan (+1.7% per year) and Italy (+2.1% per year).

Production

World Production of Barbed Wire And Entanglements

In 2022, the amount of barbed wire and entanglements produced worldwide contracted slightly to 876K tons, remaining stable against the year before. The total output volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 10%. Global production peaked at 918K tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, barbed wire production declined modestly to $2.1B in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +3.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. Over the period under review, global production reached the maximum level at $3.1B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (214K tons), Turkey (112K tons) and India (55K tons), together comprising 44% of global production. The United States, Japan, Russia, Pakistan, Brazil, Mexico, Indonesia, Bangladesh, Italy and Egypt lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +5.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Barbed Wire And Entanglements

In 2022, overseas purchases of barbed wire and entanglements increased by 8.3% to 191K tons, rising for the fourth year in a row after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. Global imports peaked at 214K tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, barbed wire imports rose markedly to $318M in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +68.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, the United States (16K tons), followed by the Philippines (10K tons) represented the major importers of barbed wire and entanglements, together generating 14% of total imports. Lithuania (8.5K tons), Spain (6.5K tons), Honduras (5.6K tons), Congo (4.9K tons), Kazakhstan (4.7K tons), Portugal (4.4K tons), Belgium (4K tons), Mozambique (3.9K tons), Iraq (3.9K tons), Nicaragua (3.8K tons) and Thailand (3.5K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +58.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest barbed wire importing markets worldwide were the United States ($28M), Spain ($15M) and Iraq ($10M), together comprising 17% of global imports. Honduras, Lithuania, Portugal, Belgium, Nicaragua, the Philippines, Kazakhstan, Thailand, Mozambique and Congo lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Lithuania, with a CAGR of +51.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average barbed wire import price amounted to $1,663 per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($2,682 per ton), while the Philippines ($517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+8.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Barbed Wire And Entanglements

In 2022, overseas shipments of barbed wire and entanglements increased by 6.8% to 216K tons, rising for the sixth year in a row after three years of decline. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +82.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 17%. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, barbed wire exports skyrocketed to $552M in 2022. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China prevails in exports structure, reaching 113K tons, which was approx. 52% of total exports in 2022. Turkey (16K tons) ranks second in terms of the total exports with a 7.5% share, followed by Spain (6.9%). Guatemala (6.5K tons), Thailand (6.5K tons), Mexico (6.4K tons), Egypt (6.3K tons), South Africa (4.4K tons) and Brazil (3.5K tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +7.7% from 2012 to 2022. At the same time, Guatemala (+59.5%), Egypt (+10.2%), Turkey (+10.0%), Spain (+8.5%) and Thailand (+2.9%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of +59.5% from 2012-2022. By contrast, South Africa (-4.7%), Mexico (-5.4%) and Brazil (-7.6%) illustrated a downward trend over the same period. China (+19 p.p.), Turkey (+3.6 p.p.), Guatemala (+3 p.p.) and Spain (+2.8 p.p.) significantly strengthened its position in terms of the global exports, while South Africa, Brazil and Mexico saw its share reduced by -2.4%, -3.2% and -4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($369M) remains the largest barbed wire supplier worldwide, comprising 67% of global exports. The second position in the ranking was held by Turkey ($25M), with a 4.6% share of global exports. It was followed by Spain, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +20.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+10.2% per year) and Spain (+8.8% per year).

Export Prices By Country

In 2022, the average barbed wire export price amounted to $2,556 per ton, growing by 20% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barbed wire export price increased by +106.0% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($3,274 per ton), while Thailand ($1,110 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform