Overview of the Global Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

The global market for ribbed or other deformed wire rod of non-alloy steel was estimated at $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

In value terms, deformed non-alloy steel wire rod production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; 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, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports

In 2023, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were exported worldwide; leveling off at the year before. Overall, total exports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports dropped remarkably to $X in 2023. Over the period under review, exports posted moderate growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the global exports failed to regain momentum.

Exports by Country

The biggest shipments were from Italy (X tons), Germany (X tons), Russia (X tons) and Turkey (X tons), together reaching X% of total export. It was distantly followed by Portugal (X tons), comprising a X% share of total exports. Greece (X tons), China (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), France (X tons), Bosnia and Herzegovina (X tons), Poland (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Turkey, Portugal, the United Arab Emirates, Greece, China, Saudi Arabia, France, Poland, Bosnia and Herzegovina and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of 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

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then fell significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and France ($X per ton), while China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports

In 2023, global deformed non-alloy steel wire rod imports totaled X tons, standing approx. at the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports dropped sharply to $X in 2023. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports hit record highs at $X in 2022, and then fell significantly in the following year.

Imports by Country

In 2023, Israel (X tons), distantly followed by Romania (X tons), Singapore (X tons), Switzerland (X tons) and Austria (X tons) represented the key importers of ribbed or other deformed wire rod of non-alloy steel, together committing X% of total imports. The following importers - Australia (X tons), Spain (X tons), the UK (X tons), Poland (X tons), Croatia (X tons), Hungary (X tons), France (X tons) and Haiti (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to deformed non-alloy steel wire rod imports into Israel stood at X%. At the same time, Hungary (X%), the UK (X%), Croatia (X%), Romania (X%), Austria (X%), Haiti (X%), Poland (X%), Australia (X%), Spain (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Israel, Romania, Austria, the UK, Australia, Hungary and Croatia increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel worldwide, comprising X% of global imports. The second position in the ranking was taken by Singapore ($X), with a X% share of global imports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Romania (X% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then dropped significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in France ($X per ton) and Australia ($X per ton), while Haiti ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform