Report Update May 1, 2024

Puerto Rico - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Puerto Rico

In 2021, the Puerto Rican market for hot-rolled non-alloy steel wire rods was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a slight downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Puerto Rico

In value terms, hot-rolled non-alloy steel wire rod production totaled $X in 2021 estimated in export price. Overall, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 74%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Puerto Rico

Hot-rolled non-alloy steel wire rod exports from Puerto Rico amounted to less than X kg in 2021, remaining constant against 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, hot-rolled non-alloy steel wire rod exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Malaysia (X tons), Germany (X tons), Russia (X tons), Turkey (X tons), Italy (X tons), Spain (X tons), China (X tons), India (X tons), Ukraine (X tons), Japan (X tons), the Czech Republic (X tons) and Belgium (X tons) represented the key exporter of hot-rolled non-alloy steel wire rods in the world, creating 62% of total export. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 21% share of total exports. These countries were followed by Italy, Turkey, Spain, China, Japan, India, Ukraine, Belgium, the Czech Republic and Vietnam, which together accounted for a further 42%.

In terms of the main exporting countries, India, with a CAGR of +36.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into Puerto Rico

Hot-rolled non-alloy steel wire rod imports into Puerto Rico stood at less than X kg in 2021, approximately mirroring the previous year. Overall, imports recorded a relatively flat trend pattern.

In value terms, hot-rolled non-alloy steel wire rod imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), followed by the Netherlands (X tons) and Thailand (X tons) represented the major importers of hot-rolled non-alloy steel wire rods, together comprising 18% of total imports. Germany (X tons), the United States (X tons), Italy (X tons), Singapore (X tons), Israel (X tons), Romania (X tons), Poland (X tons), South Korea (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled non-alloy steel wire rod importing markets into Puerto Rico were China ($X), Thailand ($X) and Germany ($X), with a combined 17% share of total imports. These countries were followed by the United States, the Netherlands, Italy, Israel, Poland, Romania, South Korea, Belgium, Singapore and Taiwan (Chinese), which together accounted for a further 33%.

Poland, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Overall, the import price showed a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United States ($X per ton) and Germany ($X per ton), while the Netherlands ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled non-alloy steel wire rods in the world?

China remains the largest hot-rolled non-alloy steel wire rod consuming country worldwide, comprising approx. 25% of total volume. Moreover, hot-rolled non-alloy steel wire rod consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of hot-rolled non-alloy steel wire rods in the world?

China constituted the country with the largest volume of hot-rolled non-alloy steel wire rod production, comprising approx. 24% of total volume. Moreover, hot-rolled non-alloy steel wire rod production in China exceeded the figures recorded by the second-largest producer, India, twofold. Japan ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of hot-rolled non-alloy steel wire rods to Puerto Rico?

In value terms, the largest hot-rolled non-alloy steel wire rod importing markets into Puerto Rico were China, Thailand and Germany, with a combined 17% share of total imports. These countries were followed by the United States, the Netherlands, Italy, Israel, Poland, Romania, South Korea, Belgium, Singapore and Taiwan Chinese), which together accounted for a further 33%.

What are the leading importers of hot-rolled non-alloy steel wire rods from Puerto Rico?

In value terms, Germany, Malaysia and Russia constituted the countries with the highest levels of exports in 2021, together accounting for 21% of total exports. Italy, Turkey, Spain, China, Japan, India, Ukraine, Belgium, the Czech Republic and Vietnam lagged somewhat behind, together comprising a further 42%.

What is the average export price for hot-rolled non-alloy steel wire rods in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, almost unchanged from the previous year.

What is the average import price for hot-rolled non-alloy steel wire rods in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Puerto Rico. 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Prodcom 24106120 - Wire rod of free-cutting steel
Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
Prodcom 24106140 - Wire rod for tyre cord
Prodcom 24106190 - Other wire rod (of non-alloy steel)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023