IndexBox has recently released a new report titled: EU – Iron or Steel Wire Products – Market Analysis, Forecast, Size, Trends And Insights. This comprehensive market analysis offers an in-depth overview of the iron or steel wire products industry in the European Union, spanning from 2024 to 2035. The market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of +1.4% in volume, reaching 818K tons, and a CAGR of +2.7% in value, hitting $3.2B by 2035.
In 2024, the consumption of these products was 700K tons, valued at $2.4B, with Germany, Italy, and France as the primary consumers. The production reached 796K tons, spearheaded by Germany, Italy, and the Czech Republic. The EU stands as a net exporter, with the Czech Republic, the Netherlands, and Poland leading the export market, while Germany, France, and Belgium are the top importers. The report provides detailed information on consumption, production, import, and export trends by country, including price analyses.
Key findings of the report include:
– The EU market is projected to grow to 818K tons by 2035, with a +1.4% volume CAGR.
– Germany is the leading market in both consumption volume and value.
– The Czech Republic, Netherlands, and Poland are the top three exporting countries.
– Germany, France, and Belgium are the largest importers by volume.
– There are significant per capita consumption differences, led by Germany and Sweden.
The market forecast is driven by the increasing demand for iron or steel wire products in the European Union. The market is expected to maintain an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.4% from 2024 to 2035, projected to bring the market volume to 818K tons by the end of 2035.
In terms of value, the market is forecast to increase with an anticipated CAGR of +2.7% from 2024 to 2035, projected to bring the market value to $3.2B (in nominal wholesale prices) by the end of 2035.
In 2024, the consumption of iron or steel wire products in the European Union modestly decreased to 700K tons, mirroring the previous year’s figure. However, the overall consumption showed a relatively flat trend pattern, reaching a peak volume of 858K tons. From 2022 to 2024, the growth of consumption failed to regain momentum.
The market value for iron or steel wire products in the European Union modestly decreased to $2.4B in 2024, mirroring the previous year. This figure reflects the total revenues of producers and importers, excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price. Over the period under review, consumption saw a relatively flat trend pattern, reaching a peak level of $2.6B. From 2022 to 2024, the growth of the market failed to regain momentum.
In terms of consumption by country in 2024, Germany led with 225K tons, followed by Italy with 120K tons, and France.
