United Kingdom - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in the UK - 2023
Contents:
- Price for Iron and Steel Wire in the UK (CIF) - 2022
- Price for Iron and Steel Wire in the UK (FOB) - 2022
- Imports of Iron and Steel Wire in the UK
- Exports of Iron and Steel Wire in the UK
Price for Iron and Steel Wire in the UK (CIF) - 2022
The average iron and steel wire import price stood at $1,796 per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,198 per ton), while the price for Brazil ($693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Steel Wire in the UK (FOB) - 2022
The average iron and steel wire export price stood at $4,004 per ton in 2022, increasing by 13% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2021 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,560 per ton), while the average price for exports to Poland ($2,460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Steel Wire in the UK
In 2022, the amount of iron and steel wire imported into the UK contracted to 216K tons, shrinking by -2.9% on 2021 figures. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of 222K tons, and then dropped slightly in the following year.
In value terms, iron and steel wire imports rose significantly to $388M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +84.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Iron and Steel Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.2 | 23.1 | 35.5 | 57.6 | 31.7% |
| Spain | 24.8 | 17.6 | 46.5 | 37.8 | 15.1% |
| Czech Republic | 35.7 | 30.4 | 43.7 | 33.4 | -2.2% |
| Turkey | 20.1 | 15.0 | 39.2 | 31.9 | 16.6% |
| Germany | 13.2 | 17.6 | 25.3 | 27.3 | 27.4% |
| Italy | 19.0 | 20.7 | 23.5 | 23.7 | 7.6% |
| India | 10.7 | 7.7 | 18.3 | 23.6 | 30.2% |
| Luxembourg | 11.8 | 9.4 | 18.0 | 17.8 | 14.7% |
| Slovakia | 3.8 | 8.7 | 13.7 | 15.3 | 59.1% |
| Netherlands | 10.6 | 9.1 | 11.9 | 11.8 | 3.6% |
| South Africa | 9.1 | 6.0 | 7.2 | 10.6 | 5.2% |
| Portugal | 5.4 | 5.4 | 5.1 | 10.0 | 22.8% |
| Brazil | N/A | 0.1 | 0.3 | 5.0 | 607.1% |
| Others | 59.4 | 39.0 | 66.6 | 81.8 | 11.3% |
| Total | 249 | 210 | 355 | 388 | 15.9% |
Top Suppliers of Iron and Steel Wire to the UK in 2022:
- China (36.8K tons)
- Spain (24.8K tons)
- Turkey (23.5K tons)
- Czech Republic (18.6K tons)
- Italy (12.4K tons)
- Germany (12.4K tons)
- Luxembourg (10.6K tons)
- Slovakia (8.7K tons)
- South Africa (7.8K tons)
- Portugal (7.4K tons)
- India (7.4K tons)
- Brazil (7.2K tons)
- Netherlands (7.2K tons)
Exports of Iron and Steel Wire in the UK
In 2022, the amount of iron and steel wire exported from the UK declined markedly to 26K tons, which is down by -25.4% against the previous year. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 16%.
In value terms, iron and steel wire exports contracted rapidly to $104M in 2022. Overall, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of $123M, and then fell rapidly in the following year.
| Export of Iron and Steel Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.8 | 9.3 | 13.2 | 18.4 | 5.2% |
| Brazil | 7.7 | 6.2 | 11.7 | 16.2 | 28.1% |
| Netherlands | 7.1 | 6.2 | 13.4 | 8.3 | 5.3% |
| Ireland | 8.1 | 5.6 | 6.5 | 7.3 | -3.4% |
| France | 7.5 | 4.3 | 5.3 | 6.6 | -4.2% |
| United States | 4.9 | 2.8 | 6.0 | 6.5 | 9.9% |
| Denmark | 5.4 | 3.5 | 15.3 | 4.2 | -8.0% |
| Poland | 2.0 | 2.2 | 3.5 | 4.0 | 26.0% |
| Italy | 2.0 | 1.6 | 2.4 | 3.6 | 21.6% |
| Canada | 5.3 | 4.2 | 3.7 | 3.4 | -13.8% |
| Others | 27.6 | 31.8 | 41.8 | 25.2 | -3.0% |
| Total | 93.4 | 77.7 | 123 | 104 | 3.6% |
Top Export Markets for Iron and Steel Wire from the UK in 2022:
- Brazil (5.2K tons)
- Germany (3.4K tons)
- Netherlands (3.1K tons)
- Ireland (2.5K tons)
- France (1.7K tons)
- Poland (1.6K tons)
- United States (1.5K tons)
- Denmark (1.2K tons)
- Canada (0.8K tons)
- Italy (0.5K tons)
This report provides an in-depth analysis of the market for iron and steel wire in the UK. 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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This report provides an in-depth analysis of the market for iron and steel wire in the UK.
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This report provides an in-depth analysis of the market for iron and steel wire in the UK.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in the UK.
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This report provides an in-depth analysis of the market for iron and steel wire in the UK.
502
This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1475
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
973
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1194
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
647
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
898
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3499
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
727
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
