Serbia - Hot-Rolled Wire Rods in Coils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Serbia - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Serbia (CIF) - 2024
- Price for Hot-Rolled Wire Rod in Coils in Serbia (FOB) - 2024
- Imports of Hot-Rolled Wire Rod in Coils in Serbia
- Exports of Hot-Rolled Wire Rod in Coils in Serbia
Price for Hot-Rolled Wire Rod in Coils in Serbia (CIF) - 2024
The average import price for hot-rolled wire rods in coils stood at $677 per ton in January 2024, with a decrease of -1.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 4.4% month-to-month. The import price peaked at $769 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the countries with the highest prices were Italy ($718 per ton) and Bosnia and Herzegovina ($715 per ton), while the price for Turkey ($658 per ton) and Greece ($674 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Romania (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Wire Rod in Coils in Serbia (FOB) - 2024
The average export price for hot-rolled wire rods in coils stood at $733 per ton in January 2024, approximately equating the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 8.7% m-o-m. Over the period under review, the average export prices attained the peak figure at $743 per ton in April 2023; however, from May 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was Montenegro ($774 per ton), while the average price for exports to Bosnia and Herzegovina totaled $726 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Serbia
In 2022, approx. 162K tons of hot-rolled wire rods in coils were imported into Serbia; picking up by 4.2% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 7.5% against the previous year. As a result, imports reached the peak of 175K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled wire rod in coils imports rose rapidly to $143M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 58.2 | 45.7 | 83.2 | 90.1 | 15.7% |
| Turkey | 2.7 | 2.4 | 4.2 | 17.3 | 85.7% |
| Greece | 9.3 | 13.6 | 15.0 | 9.8 | 1.8% |
| Italy | 4.3 | 9.3 | 8.2 | 7.9 | 22.5% |
| Romania | 1.7 | 3.1 | 1.2 | 5.3 | 46.1% |
| Moldova | 2.3 | 3.9 | 11.6 | 4.3 | 23.2% |
| Montenegro | N/A | N/A | N/A | 3.4 | 0% |
| Ukraine | 10.4 | 7.9 | 3.4 | 0.1 | -78.7% |
| Others | 0.2 | 2.5 | 1.9 | 4.4 | 180.2% |
| Total | 89.0 | 88.5 | 129 | 143 | 17.1% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Serbia in 2022:
- Bosnia and Herzegovina (101.6K tons)
- Turkey (18.0K tons)
- Greece (11.7K tons)
- Italy (8.8K tons)
- Romania (7.0K tons)
- Moldova (5.1K tons)
- Montenegro (4.9K tons)
- Ukraine (0.2K tons)
Exports of Hot-Rolled Wire Rod in Coils in Serbia
In 2022, exports of hot-rolled wire rods in coils from Serbia surged to 66K tons, rising by 28% on the year before. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 370%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, hot-rolled wire rod in coils exports soared to $56M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 584% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Hot-Rolled Wire Rod in Coils in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 0.5 | 3.6 | 24.0 | 38.7 | 326.2% |
| Hungary | N/A | 0.8 | 10.1 | 7.9 | 214.2% |
| Austria | N/A | N/A | 4.5 | 3.3 | -26.7% |
| Montenegro | 0.9 | 1.1 | 2.6 | 3.0 | 49.4% |
| North Macedonia | 0.3 | 0.3 | 0.8 | 0.7 | 32.6% |
| Others | 0.3 | 0.5 | 1.6 | 2.2 | 94.3% |
| Total | 1.9 | 6.4 | 43.6 | 55.9 | 208.7% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Serbia in 2022:
- Bosnia and Herzegovina (46.6K tons)
- Hungary (9.3K tons)
- Austria (3.7K tons)
- Montenegro (3.3K tons)
- North Macedonia (0.8K tons)
This report provides an in-depth analysis of the market for hot-rolled wire rod in coils in Serbia. 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)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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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