World - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the global market trends for ribbed or other deformed wire rod of non-alloy steel, highlighting consumption patterns, market performance forecasts, and volume and value projections until 2030. China, the United States, and India are identified as the top consuming countries, with China also being the largest producer. The article further explores import and export trends, average prices, and growth rates for key importing and exporting countries.
Market Forecast
Driven by increasing demand for ribbed or other deformed wire rod of non-alloy steel worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 40M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $37B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel consumed worldwide amounted to 39M tons, almost unchanged from the year before. The total consumption volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at 39M tons in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
The value of the market for ribbed or other deformed wire rod of non-alloy steel worldwide totaled $29.9B in 2022, leveling off at 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). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $30.1B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.
Consumption By Country
China (8.9M tons) remains the largest deformed non-alloy steel wire rod consuming country worldwide, comprising approx. 23% of total volume. Moreover, deformed non-alloy steel wire rod consumption in China exceeded the figures recorded by the second-largest consumer, the United States (4M tons), twofold. India (3.3M tons) ranked third in terms of total consumption with an 8.5% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +2.0%. In the other countries, the average annual rates were as follows: the United States (-3.2% per year) and India (+3.5% per year).
In value terms, the largest deformed non-alloy steel wire rod markets worldwide were China ($5.7B), the United States ($2.9B) and India ($2.3B), with a combined 36% share of the global market. The UK, Indonesia, Nigeria, Brazil, France, Turkey, Canada, Iran and Germany lagged somewhat behind, together comprising a further 19%.
Turkey, with a CAGR of +5.0%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of deformed non-alloy steel wire rod per capita consumption in 2022 were Canada (16 kg per person), the UK (16 kg per person) and France (14 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +4.6%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel produced worldwide rose modestly to 39M tons, increasing by 1.8% compared with the previous year's figure. The total output volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 11%. Global production peaked at 39M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
In value terms, deformed non-alloy steel wire rod production amounted to $28.1B in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 12%. Over the period under review, global production reached the maximum level at $29.6B in 2013; however, from 2014 to 2022, production remained at a lower figure.
Production By Country
China (8.9M tons) remains the largest deformed non-alloy steel wire rod producing country worldwide, accounting for 23% of total volume. Moreover, deformed non-alloy steel wire rod production in China exceeded the figures recorded by the second-largest producer, the United States (4M tons), twofold. The third position in this ranking was taken by India (3.3M tons), with an 8.6% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled +2.0%. In the other countries, the average annual rates were as follows: the United States (-3.1% per year) and India (+3.7% per year).
Imports
World Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
In 2022, global deformed non-alloy steel wire rod imports fell to 4.3M tons, with a decrease of -14.6% on the previous year. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +13.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports attained the peak of 5M tons, and then declined in the following year.
In value terms, deformed non-alloy steel wire rod imports shrank to $3.6B in 2022. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of $3.7B, and then dropped in the following year.
Imports By Country
The purchases of the twelve major importers of ribbed or other deformed wire rod of non-alloy steel, namely Israel, Austria, Romania, Singapore, Switzerland, Yemen, Germany, Spain, the UK, Ghana, Hungary and Haiti, represented more than half of total import. Cambodia (106K tons) held a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +35.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Israel ($459M), Austria ($309M) and Romania ($243M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 28% of global imports. Switzerland, Singapore, Germany, Spain, the UK, Hungary, Cambodia, Haiti, Yemen and Ghana lagged somewhat behind, together accounting for a further 32%.
Hungary, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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
In 2022, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $851 per ton, jumping by 15% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +70.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 48% against the previous year. Global import price peaked in 2022 and is likely to continue growth in years to come.
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 Germany ($1,073 per ton), while Yemen ($249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel
In 2022, global exports of ribbed or other deformed wire rod of non-alloy steel fell to 4.1M tons, waning by -8.7% against 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.4% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 21%. The global exports peaked at 4.6M tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, deformed non-alloy steel wire rod exports amounted to $3.6B in 2022. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the near future.
Exports By Country
The biggest shipments were from Italy (599K tons), Turkey (529K tons), Germany (444K tons), Portugal (311K tons), the United Arab Emirates (244K tons), Greece (225K tons), Saudi Arabia (215K tons), Iran (156K tons), France (138K tons), Poland (126K tons), Vietnam (118K tons) and Spain (112K tons), together resulting at 79% of total export. China (92K tons) took a minor share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +71.1%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest deformed non-alloy steel wire rod supplying countries worldwide were Italy ($575M), Germany ($459M) and Turkey ($423M), with a combined 40% share of global exports. Portugal, the United Arab Emirates, Greece, France, Poland, Saudi Arabia, Vietnam, Spain, China and Iran lagged somewhat behind, together comprising a further 40%.
Among the main exporting countries, Saudi Arabia, with a CAGR of +63.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $884 per ton, picking up by 12% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price 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, deformed non-alloy steel wire rod export price increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,034 per ton), while Iran ($565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for deformed non-alloy steel wire rod. 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 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global market for deformed non-alloy steel wire rod.
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