Germany - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Germany - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in Germany (FOB) - 2023
- Price for Free-Cutting Steel Wire Rod in Germany (CIF) - 2023
- Exports of Free-Cutting Steel Wire Rod in Germany
- Imports of Free-Cutting Steel Wire Rod in Germany
Price for Free-Cutting Steel Wire Rod in Germany (FOB) - 2023
The average free-cutting steel wire rod export price stood at $1,194 per ton in June 2023, leveling off at the previous month. Over the period under review, the export price showed a slight contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 19% m-o-m. As a result, the export price attained the peak level of $1,444 per ton. From December 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,576 per ton), while the average price for exports to Poland ($953 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Free-Cutting Steel Wire Rod in Germany (CIF) - 2023
The average free-cutting steel wire rod import price stood at $938 per ton in June 2023, reducing by -2.8% against the previous month. Overall, the import price showed a pronounced slump. The pace of growth appeared the most rapid in April 2023 an increase of 5.1% m-o-m. The import price peaked at $1,356 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Spain ($1,040 per ton) and Switzerland ($1,020 per ton), while the price for Poland ($873 per ton) and France ($910 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (-2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Free-Cutting Steel Wire Rod in Germany
In 2022, approx. 146K tons of wire rod of free-cutting steel were exported from Germany; which is down by -27.2% on the previous year. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 102%. As a result, the exports attained the peak of 200K tons, and then declined notably in the following year.
In value terms, free-cutting steel wire rod exports dropped to $192M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 178% against the previous year. As a result, the exports reached the peak of $203M, and then reduced in the following year.
Export of Free-Cutting Steel Wire Rod in Germany (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 19.3 | 16.5 | 55.2 | 63.5 | 48.7% |
Canada | 24.4 | 13.2 | 34.0 | 30.5 | 7.7% |
Turkey | 8.2 | 6.5 | 28.9 | 25.3 | 45.6% |
United States | 13.1 | 8.9 | 19.6 | 18.5 | 12.2% |
Poland | 5.4 | 4.5 | 14.0 | 12.3 | 31.6% |
France | 2.6 | 1.7 | 4.6 | 9.2 | 52.4% |
Spain | 2.8 | 1.9 | 7.9 | 6.8 | 34.4% |
Switzerland | 4.8 | 3.7 | 6.0 | 5.3 | 3.4% |
Czech Republic | 2.7 | 2.5 | 5.3 | 4.6 | 19.4% |
Taiwan (Chinese) | 3.9 | 4.0 | 9.6 | 2.3 | -16.1% |
China | 2.7 | 2.1 | 4.3 | 1.4 | -19.7% |
Others | 8.2 | 7.4 | 13.3 | 12.2 | 14.2% |
Total | 98.2 | 73.0 | 203 | 192 | 25.0% |
Top Export Markets for Free-Cutting Steel Wire Rod from Germany in 2022:
- Italy (50.9K tons)
- Turkey (22.2K tons)
- Canada (18.7K tons)
- United States (11.8K tons)
- Poland (9.9K tons)
- France (7.3K tons)
- Spain (5.4K tons)
- Switzerland (3.8K tons)
- Czech Republic (3.7K tons)
- Taiwan (Chinese) (1.8K tons)
- China (1.1K tons)
Imports of Free-Cutting Steel Wire Rod in Germany
In 2022, approx. 111K tons of wire rod of free-cutting steel were imported into Germany; dropping by -22.3% on 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of 143K tons, and then dropped sharply in the following year.
In value terms, free-cutting steel wire rod imports expanded markedly to $128M in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 102%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
Import of Free-Cutting Steel Wire Rod in Germany (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 17.5 | 13.8 | 40.5 | 52.9 | 44.6% |
Switzerland | 26.5 | 25.5 | 49.1 | 51.2 | 24.5% |
Czech Republic | 5.3 | 5.8 | 5.2 | 7.2 | 10.8% |
Poland | 0.3 | 0.3 | 1.2 | 5.5 | 163.7% |
United Kingdom | 20.7 | 11.2 | 16.1 | 3.3 | -45.8% |
Netherlands | 0.1 | 1.4 | 5.0 | 3.1 | 214.1% |
Italy | 2.7 | 0.8 | 2.0 | 2.6 | -1.3% |
Spain | 2.0 | 1.2 | 2.2 | 2.5 | 7.7% |
Others | 0.2 | 0.2 | 0.5 | N/A | 58.1% |
Total | 75.3 | 60.2 | 122 | 128 | 19.3% |
Top Suppliers of Free-Cutting Steel Wire Rod to Germany in 2022:
- France (48.1K tons)
- Switzerland (40.9K tons)
- Czech Republic (6.8K tons)
- Poland (5.3K tons)
- United Kingdom (3.0K tons)
- Netherlands (2.6K tons)
- Italy (2.1K tons)
- Spain (2.0K tons)
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Germany. 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 24106120 - Wire rod of free-cutting steel
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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