Benelux: Market for Hot-Rolled Wire Rods in Coils 2024

Market Size for Hot-Rolled Wire Rods in Coils in Benelux

After two years of growth, the Benelux market for hot-rolled wire rods in coils decreased by X% to $X in 2023. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Production of Hot-Rolled Wire Rods in Coils in Benelux

In value terms, hot-rolled wire rod in coils production dropped markedly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2022, and then contracted rapidly in the following year.

Exports of Hot-Rolled Wire Rods in Coils

Exports in Benelux

In 2023, the amount of hot-rolled wire rods in coils exported in Benelux contracted sharply to X tons, waning by X% on the year before. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled wire rod in coils exports fell rapidly to $X in 2023. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by the Netherlands (X tons), generating a X% share of total exports.

Belgium was also the fastest-growing in terms of the hot-rolled wire rods in coils exports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium increased by X percentage points.

In value terms, Belgium ($X) remains the largest hot-rolled wire rod in coils supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium amounted to X%.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, dropping by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price 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. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Hot-Rolled Wire Rods in Coils

Imports in Benelux

After two years of growth, purchases abroad of hot-rolled wire rods in coils decreased by X% to X tons in 2023. Over the period under review, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, hot-rolled wire rod in coils imports contracted markedly to $X in 2023. In general, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together mixing up X% of total imports. It was distantly followed by Luxembourg (X tons), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest hot-rolled wire rod in coils importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

In terms of the main importing countries, Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, shrinking by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price 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. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then shrank significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform