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The Largest Import Markets for Cold-Rolled Steel Products

global trade cold-rolled steel

The Largest Import Markets for Cold-Rolled Steel Products

Cold-rolled steel products play a crucial role in various industries, from automotive to construction. The global market for these products is continuously growing, with several countries emerging as key importers. In this article, we will take a closer look at the world’s best import markets for cold-rolled steel products, based on the latest data from the IndexBox market intelligence platform.

Read also: Exploring the Top Import Markets for Iron and Steel Wire

Germany – $4.8 Billion USD

Ranking at the top of the list is Germany, with an import value of $4.8 billion USD in 2023. The country’s strong manufacturing sector and demand for high-quality steel products have contributed to its significant imports in this category.

China – $3.3 Billion USD

China follows closely behind, with an import value of $3.3 billion USD in 2023. Despite being a major steel producer, China’s growing infrastructure and construction projects have led to a higher demand for imported cold-rolled steel products.

Netherlands – $2.8 Billion USD

The Netherlands ranks third on the list, with an import value of $2.8 billion USD in 2023. The country’s strategic location and well-developed transportation infrastructure make it a key hub for steel imports in Europe.

Italy – $2.8 Billion USD

Italy shares the third spot with the Netherlands, also importing $2.8 billion USD worth of cold-rolled steel products in 2023. The country’s strong manufacturing base and automotive industry drive its demand for high-quality steel products.

Mexico – $2.5 Billion USD

Mexico ranks fifth on the list, with an import value of $2.5 billion USD in 2023. The country’s proximity to the United States and its booming automotive industry have contributed to its substantial imports of cold-rolled steel products.

United States – $2.2 Billion USD

The United States comes in sixth place, with an import value of $2.2 billion USD in 2023. The country’s diverse industrial base and infrastructure projects drive its demand for imported cold-rolled steel products.

Poland – $1.9 Billion USD

Poland ranks seventh on the list, with an import value of $1.9 billion USD in 2023. The country’s strong manufacturing sector and trade relationships with other European countries have led to a significant increase in its imports of cold-rolled steel products.

Belgium – $1.8 Billion USD

Belgium shares the eighth spot with Turkey, both importing $1.8 billion USD worth of cold-rolled steel products in 2023. Belgium’s strategic location in Europe and its well-established steel industry contribute to its substantial imports in this category.

Turkey – $1.8 Billion USD

Turkey also imports $1.8 billion USD worth of cold-rolled steel products in 2023, placing it in eighth position on the list. The country’s growing construction sector and infrastructure projects drive its demand for imported steel products.

India – $1.7 Billion USD

India rounds out the top ten list, with an import value of $1.7 billion USD in 2023. The country’s rapidly expanding manufacturing base and infrastructure projects have led to a higher demand for imported cold-rolled steel products.

In conclusion, the world’s best import markets for cold-rolled steel products are a diverse mix of countries with strong industrial bases and growing demand for high-quality steel products. The data from the IndexBox market intelligence platform highlights the key players in this global market and provides valuable insights into the trends shaping the industry.

Source: IndexBox Market Intelligence Platform  

iron

Top Import Markets for Iron and Steel Wire in 2023

Iron and steel wire are essential materials used in a variety of industries, including construction, automotive, and manufacturing. As such, the global market for these products is vast, with numerous countries importing significant amounts of iron and steel wire each year. According to data from the IndexBox market intelligence platform, the following are the world’s top-10 countries by import value of iron and steel wire in 2023:

1. United States – $1.1 Billion USD

The United States tops the list as the largest importer of iron and steel wire, with imports totaling $1.1 billion USD in 2023. The country’s robust construction and manufacturing sectors drive the demand for these materials.

2. Germany – $1.0 Billion USD

Germany is another major player in the iron and steel wire import market, with imports reaching $1.0 billion USD in 2023. The country’s strong industrial base and infrastructure projects contribute to its significant import volume.

3. Poland – $606.4 Million USD

Poland ranks third on the list, importing $606.4 million USD worth of iron and steel wire in 2023. The country’s construction industry is a key driver of demand for these materials.

4. France – $551.6 Million USD

France follows closely behind Poland, importing $551.6 million USD of iron and steel wire in 2023. The country’s diverse manufacturing sector relies heavily on these materials.

5. Italy – $498.7 Million USD

Italy’s import value for iron and steel wire in 2023 stands at $498.7 million USD, making it a significant market for these materials. The country’s construction and automotive industries are major consumers of iron and steel wire.

6. Netherlands – $408.9 Million USD

The Netherlands is another important import market for iron and steel wire, with imports amounting to $408.9 million USD in 2023. The country’s strategic location and strong trade ties contribute to its substantial import volume.

7. China – $386.4 Million USD

Despite being a major producer of iron and steel, China also imports a significant amount of iron and steel wire, totaling $386.4 million USD in 2023. The country’s booming construction sector drives the demand for these materials.

8. Thailand – $350.7 Million USD

Thailand’s import value for iron and steel wire in 2023 is $350.7 million USD, reflecting the country’s growing construction and manufacturing industries. The demand for these materials is expected to continue rising in the coming years.

9. Switzerland – $347.5 Million USD

Switzerland is a key import market for iron and steel wire, with imports reaching $347.5 million USD in 2023. The country’s strong economy and industrial sector drive the demand for these materials.

10. Brazil – $332.4 Million USD

Rounding out the top-10 list is Brazil, with an import value of $332.4 million USD for iron and steel wire in 2023. The country’s construction and infrastructure projects fuel the demand for these materials.

Overall, the global market for iron and steel wire is robust, with a diverse range of countries importing significant volumes of these materials. The data from the IndexBox market intelligence platform highlights the key players in this market and their respective import values, providing valuable insights for businesses operating in the iron and steel wire industry.

Source: IndexBox Market Intelligence Platform

hot-rolled

The World’s Top Import Markets for Hot-Rolled Non-Alloy Steel Wire Rod

Introduction

Hot-rolled non-alloy steel wire rod is a crucial component in various industries, including construction, automotive, and machinery manufacturing. As a result, the global demand for this product has been steadily increasing, leading to a rise in international trade. In this article, we will explore the top import markets for hot-rolled non-alloy steel wire rod and provide key statistics.

IndexBox Market Intelligence Platform

Before delving into the specifics, it is important to mention the IndexBox market intelligence platform. IndexBox is a leading provider of market research, offering comprehensive and up-to-date data on various industries and trade activities. Their data is invaluable for analyzing market trends, identifying potential opportunities, and understanding global trade dynamics.

Based on the data from the IndexBox platform, the following countries are the world’s top import markets for hot-rolled non-alloy steel wire rod in 2022:

1. United States – $1.3 billion

2. Germany – $972.6 million

3. Netherlands – $793.8 million

4. Italy – $751.5 million

5. Belgium – $721.0 million

6. Israel – $704.5 million

7. South Korea – $691.6 million

8. France – $636.3 million

9. Romania – $617.1 million

10. Poland – $569.1 million

1. United States

The United States leads the world’s import market for hot-rolled non-alloy steel wire rod, with an import value of $1.3 billion in 2022. The country’s robust construction and automotive sectors contribute to the high demand for this product.

2. Germany

Germany is the second-largest importer of hot-rolled non-alloy steel wire rod, with an import value of $972.6 million in 2022. The country’s strong manufacturing industry and its focus on engineering and machinery production drive the demand for this essential material.

3. Netherlands

The Netherlands holds the third position in the world’s import market for hot-rolled non-alloy steel wire rod, with an import value of $793.8 million in 2022. The country’s strategic location and advanced transportation infrastructure make it a key hub for international trade.

4. Italy

Italy ranks fourth on the list, with an import value of $751.5 million in 2022. The Italian construction sector, as well as the automotive and machinery industries, rely heavily on hot-rolled non-alloy steel wire rod for their operations.

5. Belgium

Belgium occupies the fifth position in the global import market for hot-rolled non-alloy steel wire rod, with an import value of $721.0 million in 2022. The country’s steel industry and its well-established trading networks contribute significantly to its import market.

6. Israel

Israel is the sixth-largest importer of hot-rolled non-alloy steel wire rod, with an import value of $704.5 million in 2022. The country’s strong manufacturing base and its focus on technological advancements create a high demand for this essential material.

7. South Korea

South Korea holds the seventh position in the world’s import market for hot-rolled non-alloy steel wire rod, with an import value of $691.6 million in 2022. The country’s thriving automotive and machinery manufacturing sectors drive the demand for this product.

8. France

France ranks eighth on the list, with an import value of $636.3 million in 2022. The country’s construction industry and its focus on sustainable building practices contribute to the demand for hot-rolled non-alloy steel wire rod.

9. Romania

Romania holds the ninth position in the global import market for hot-rolled non-alloy steel wire rod, with an import value of $617.1 million in 2022. The country’s metalworking and machinery manufacturing industries heavily rely on this product for their operations.

10. Poland

Poland completes the list, ranking tenth in the world’s import market for hot-rolled non-alloy steel wire rod, with an import value of $569.1 million in 2022. The country’s construction and automotive sectors contribute significantly to its demand for this material.

Conclusion

Global trade of hot-rolled non-alloy steel wire rod has been on the rise due to the growing demand in various sectors. The United States, Germany, Netherlands, Italy, and Belgium are among the top import markets for this product, highlighting the importance of the construction, automotive, and machinery industries in these countries. The IndexBox market intelligence platform provides vital data and insights for understanding and analyzing global trade trends.

Source: IndexBox Market Intelligence Platform  

railway rail

France, Italy, and Austria Drive the European Railroad Rail Market

IndexBox has just published a new report: ‘EU – Railway Or Tramway Track Construction Material Of Iron Or Steel – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the EU market for railway or tramway track construction material of iron or steel increased by 1.9% to $3.1B, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 9% against the previous year. Over the period under review, the market hit record highs at $3.7B in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Consumption by Country

The countries with the highest volumes of consumption of railway or tramway track construction material of iron or steel in 2019 were France (463K tonnes), Italy (434K tonnes) and Germany (369K tonnes), together accounting for 40% of total consumption. These countries were followed by the UK, Poland, Austria, Spain, the Netherlands, Romania, Belgium, the Czech Republic and Luxembourg, which together accounted for a further 52%.

From 2007 to 2019, the most notable rate of growth in terms of consumption of railway or tramway track construction material of iron or steel, amongst the main consuming countries, was attained by France, Italy, and Austria, while consumption of railway or tramway track construction material of iron or steel for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel railway construction materials markets in the European Union were France ($601M), Italy ($506M) and Germany ($333M), together accounting for 47% of the total market. These countries were followed by Spain, Austria, Poland, the Netherlands, Romania, Belgium, Luxembourg, the Czech Republic and the UK, which together accounted for a further 43%.

In 2019, the highest levels of per capita consumption of railway or tramway track construction material of iron or steel were registered in Luxembourg (108 kg per person), followed by Austria (30 kg per person), Belgium (9.15 kg per person) and the Netherlands (8.78 kg per person), while the world average per capita consumption of iron and steel railway construction materials was estimated at 6.13 kg per person.

From 2007 to 2019, the average annual growth rate of the per capita consumption of railway or tramway track construction material of iron or steel in Luxembourg totaled -3.5%. In the other countries, the average annual rates were as follows: Austria (+14.8% per year) and Belgium (+0.2% per year).

Production in the EU

In 2019, production of railway or tramway track construction material of iron or steel increased by 1.4% to 3.2M tonnes, rising for the second consecutive year after two years of decline. Overall, production, however, continues to indicate a relatively flat trend pattern. In value terms, production of railway or tramway track construction material of iron or steel expanded remarkably to $5.4B in 2019 estimated at export prices.

Production by Country

The countries with the highest volumes of production of railway or tramway track construction material of iron or steel in 2019 were Austria (718K tonnes), Poland (406K tonnes) and Spain (387K tonnes), with a combined 48% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of production of railway or tramway track construction material of iron or steel, amongst the main producing countries, was attained by Poland, while the production of railway or tramway track construction material of iron or steel for the other leaders experienced more modest paces of growth.

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of railway or tramway track construction material of iron or steel, which increased by 4.9% to 1.4M tonnes in 2019. Total imports indicated a temperate increase from 2007 to 2019: its volume increased at an average annual rate of +2.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +32.8% against 2016 indices. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in years to come. In value terms, imports of railway or tramway track construction material of iron or steel dropped to $1.3B (IndexBox estimates) in 2019.

Imports by Country

In 2019, Germany (314K tonnes), distantly followed by Italy (173K tonnes), France (155K tonnes), the UK (118K tonnes), Poland (88K tonnes) and Belgium (86K tonnes) were the major importers of railway or tramway track construction material of iron or steel, together creating 69% of total imports. The Czech Republic (59K tonnes), Sweden (55K tonnes), Spain (55K tonnes), the Netherlands (35K tonnes), Hungary (33K tonnes) and Portugal (27K tonnes) occupied a minor share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($271M), Italy ($201M) and France ($126M) appeared to be the countries with the highest levels of imports in 2019, with a combined 45% share of total imports.

Import Prices by Country

The import price for railway or tramway track construction material of iron or steel in the European Union stood at $993 per tonne in 2019, falling by -11.2% against the previous year. Over the period under review, the import price showed a mild curtailment.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Hungary ($1,402 per tonne), while the UK ($655 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hungary, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform