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EU - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

EU - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 9, 2022

EU Iron and Steel Wire Exports Hit Record $5.9B

IndexBox has just published a new report: 'EU - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The iron and steel wire market in the European Union soared to $7B in 2021, jumping by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price).

In 2021, consumption of iron and steel wire was finally on the rise to reach 5.8M tons for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern.

EU Iron and Steel Wire Production

After two years of decline, there was significant growth in production of iron and steel wire, when its volume increased by 7% to 5.5M tons in 2021. The countries with the highest production volumes of iron and steel wire were Italy, Germany and the Czech Republic, together accounting for 64% of total production.

From 2007 to 2021, the biggest increases were in the Czech Republic (+3.8%), while iron and steel wire production for the other leaders experienced more modest paces of growth.

EU Iron and Steel Wire Exports 

In 2021, after two years of decline, there was significant growth in shipments abroad of iron and steel wire, when their volume increased by 20% to 3.8M tons. The total export volume increased at an average annual rate of +1.2% over the period from 2007 to 2021.

In value terms, iron and steel wire exports soared to $5.9B in 2021. Total exports indicated a modest expansion from 2007 to 2021: its value increased at an average annual rate of +1.2% over the last fourteen years. 

Exports by Country

In 2021, Italy (939K tons), distantly followed by Germany (481K tons), the Czech Republic (478K tons), the Netherlands (475K tons), France (254K tons) and Slovakia (254K tons) represented the key exporters of iron and steel wire, together comprising 75% of total volume. The following exporters - Spain (147K tons), Belgium (113K tons), Portugal (101K tons), Austria (98K tons), Poland (93K tons), Luxembourg (91K tons) and Romania (80K tons) - together made up 19% of total supplies.

In value terms, Italy ($1.1B), Germany ($917M) and the Czech Republic ($710M) constituted the countries with the highest levels of exports in 2021, with a combined 47% share of total supplies. These countries were followed by the Netherlands, France, Slovakia, Austria, Spain, Belgium, Romania, Poland, Luxembourg and Portugal, which together accounted for a further 45%.

Romania, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries from 2007 to 2021, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the iron and steel wire export price in the European Union amounted to $1,544 per ton, picking up by 26% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Romania ($2,557 per ton), while Portugal ($1,121 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.3%), while the other leaders experienced more modest paces of growth.

EU Iron and Steel Wire Imports 

In 2021, overseas purchases of iron and steel wire were finally on the rise to reach 3.9M tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. 

In value terms, iron and steel wire imports surged to $5.8B in 2021. Total imports indicated slight growth from 2007 to 2021: its value increased at an average annual rate of +0.5% over the last fourteen years. 

Imports by Country

Germany (738K tons), Poland (560K tons) and France (435K tons) represented roughly 44% of total imports of iron and steel wire in 2021. The Netherlands (261K tons) took the next position in the ranking, followed by Italy (215K tons), the Czech Republic (207K tons), Romania (206K tons) and Austria (179K tons). All these countries together held approx. 27% share of total imports. Spain (164K tons), Belgium (135K tons), Lithuania (123K tons), Slovakia (122K tons) and Hungary (96K tons) followed a long way behind the leaders.

In value terms, Germany ($1.2B), Poland ($702M) and France ($634M) constituted the countries with the highest levels of imports in 2021, together comprising 44% of total purchases. These countries were followed by the Netherlands, Italy, the Czech Republic, Romania, Spain, Austria, Belgium, Slovakia, Hungary and Lithuania, which together accounted for a further 42%.

Lithuania, with a CAGR of +6.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries from 2007 to 2021, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in the European Union stood at $1,483 per ton in 2021, jumping by 28% against the previous year. Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,991 per ton), while Lithuania ($896 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron and steel wire in the EU. 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
  • Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
  • Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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