Italy - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Italy - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Italy (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Italy (CIF) - 2023
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Italy
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Italy
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Italy (FOB) - 2023
In July 2023, the average export price for hot-rolled non-alloy steel wire rods amounted to $652 per ton, declining by -2% against the previous month. In general, the export price saw a noticeable curtailment. The growth pace was the most rapid in April 2023 an increase of 7.7% m-o-m. Over the period under review, the average export prices reached the maximum at $888 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Spain ($691 per ton) and Croatia ($669 per ton), while the average price for exports to Austria ($616 per ton) and Romania ($624 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.7%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Italy (CIF) - 2023
The average import price for hot-rolled non-alloy steel wire rods stood at $830 per ton in July 2023, dropping by -6.9% against the previous month. In general, the import price showed a noticeable decline. The pace of growth was the most pronounced in November 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices hit record highs at $1,099 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,071 per ton), while the price for France ($637 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Italy
In 2022, exports of hot-rolled non-alloy steel wire rods from Italy contracted to 1.2M tons, dropping by -7.5% against the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of 1.3M tons, and then contracted in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports rose significantly to $1.2B in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 97%. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Hot-Rolled Non-Alloy Steel Wire Rod in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 133 | 113 | 227 | 266 | 26.0% |
Germany | 83.1 | 58.3 | 117 | 147 | 20.9% |
Poland | 18.0 | 17.1 | 108 | 146 | 100.9% |
Czech Republic | 29.7 | 21.1 | 70.1 | 82.6 | 40.6% |
Slovenia | 38.9 | 37.6 | 67.9 | 73.1 | 23.4% |
Switzerland | 46.5 | 25.6 | 43.4 | 71.0 | 15.2% |
Hungary | 29.0 | 27.0 | 52.6 | 62.6 | 29.2% |
Croatia | 25.5 | 19.6 | 40.9 | 54.8 | 29.0% |
Romania | 25.3 | 38.9 | 56.6 | 52.9 | 27.9% |
Slovakia | 12.1 | 13.1 | 31.4 | 33.7 | 40.7% |
France | 8.5 | 6.3 | 22.6 | 30.4 | 52.9% |
Spain | 4.5 | 27.8 | 28.0 | 24.5 | 75.9% |
Netherlands | 36.2 | 5.4 | 18.9 | 19.1 | -19.2% |
Others | 143 | 134 | 188 | 144 | 0.2% |
Total | 633 | 545 | 1,072 | 1,207 | 24.0% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Italy in 2022:
- Austria (248.5K tons)
- Poland (141.9K tons)
- Germany (140.1K tons)
- Czech Republic (81.8K tons)
- Slovenia (71.2K tons)
- Switzerland (66.1K tons)
- Hungary (62.8K tons)
- Romania (61.6K tons)
- Croatia (55.7K tons)
- Slovakia (34.1K tons)
- France (28.8K tons)
- Spain (23.6K tons)
- Netherlands (18.3K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Italy
In 2022, approx. 730K tons of hot-rolled non-alloy steel wire rods were imported into Italy; falling by -9.5% on the previous year's figure. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of 806K tons, and then shrank in the following year.
In value terms, hot-rolled non-alloy steel wire rod imports skyrocketed to $825M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Hot-Rolled Non-Alloy Steel Wire Rod in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 61.6 | 51.4 | 167 | 167 | 39.4% |
Spain | 73.9 | 55.0 | 120 | 128 | 20.1% |
Switzerland | 53.6 | 40.3 | 83.8 | 107 | 25.9% |
Czech Republic | 60.4 | 59.1 | 75.0 | 98.3 | 17.6% |
France | 21.1 | 12.3 | 31.8 | 45.5 | 29.2% |
Algeria | N/A | 1.5 | 11.6 | 42.8 | 434.2% |
Turkey | 8.5 | 9.8 | 21.9 | 42.0 | 70.3% |
Netherlands | 4.3 | 7.3 | 28.6 | 39.8 | 110.0% |
Poland | 18.4 | 19.4 | 22.7 | 38.0 | 27.3% |
Egypt | N/A | 6.2 | 12.9 | 24.9 | 100.4% |
Belgium | 1.4 | 0.5 | 27.7 | 19.7 | 141.4% |
Tunisia | N/A | N/A | 8.6 | 12.2 | 41.9% |
Malaysia | N/A | N/A | N/A | 9.2 | 0% |
Others | 78.8 | 60.8 | 62.9 | 50.8 | -13.6% |
Total | 382 | 324 | 675 | 825 | 29.3% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Italy in 2022:
- Germany (131.8K tons)
- Spain (104.0K tons)
- Czech Republic (89.0K tons)
- Switzerland (81.2K tons)
- Algeria (46.4K tons)
- Turkey (44.3K tons)
- France (43.6K tons)
- Poland (37.1K tons)
- Netherlands (31.7K tons)
- Egypt (26.0K tons)
- Belgium (19.3K tons)
- Tunisia (14.2K tons)
- Malaysia (11.3K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Italy. 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)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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