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