Eastern Europe: Market for Wire Rod Of Free-Cutting Steel 2024

Market Size for Wire Rod Of Free-Cutting Steel in Eastern Europe

The East European free-cutting steel wire rod market declined notably to $X in 2023, waning by X% against the previous year. Overall, consumption recorded a abrupt shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Wire Rod Of Free-Cutting Steel in Eastern Europe

In value terms, free-cutting steel wire rod production rose to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Wire Rod Of Free-Cutting Steel

Exports in Eastern Europe

Free-cutting steel wire rod exports soared to X tons in 2023, growing by X% compared with 2022 figures. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, free-cutting steel wire rod exports rose remarkably to $X in 2023. In general, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Russia represented the main exporter of wire rod of free-cutting steel in Eastern Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%).

Russia was also the fastest-growing in terms of the wire rod of free-cutting steel exports, with a CAGR of X% from 2012 to 2023. Belarus experienced a relatively flat trend pattern. the Czech Republic (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus and the Czech Republic saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Russia ($X) remains the largest free-cutting steel wire rod supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($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 Czech Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wire Rod Of Free-Cutting Steel

Imports in Eastern Europe

In 2023, the amount of wire rod of free-cutting steel imported in Eastern Europe contracted sharply to X tons, with a decrease of X% on 2022 figures. In general, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports contracted remarkably to $X in 2023. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Poland was the key importer of wire rod of free-cutting steel in Eastern Europe, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. The Czech Republic (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest free-cutting steel wire rod importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Romania ($X), together comprising X% of total imports.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($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 Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform