Iron or steel stranded wire and ropes market in Belgium

Earlier Report Observations

Between 2018 and 2020, the market volume for iron or steel stranded wire and ropes in Belgium declined from 34 605 t to 26 417 t. This reduction coincided with a decrease in the value of exports and imports across the European Union in 2020, which affected trade flows and domestic availability.

The market stabilized at 26 755 t in 2021 as European exports of these products grew by 30%, with Belgium remaining a major exporter. By 2022, market volume surged to 43 696 t, supported by record-high export levels in Europe where Belgium was among the top nine exporting countries.

After peaking at 49 324 t in 2023, the market contracted to 27 924 t in 2024. Domestic production continued to fall, reaching 6 185 t in 2024, while import volumes also decreased from the previous year's high.

Production iron or steel stranded wire and ropes in Belgium

In value, 2017-2020, K $ US

In 2020, Belgium's production of iron or steel stranded wire and ropes was valued at 50 896 thousand US dollars, marking a 15.3% increase from the previous year. However, looking at the broader period from 2017 to 2020, overall production declined by 6.5%, which translates to an average annual decrease of 2.2%.

Annual dynamics of production in Belgium in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Belgium produced 13 063 tonnes of iron or steel stranded wire and ropes, showing a moderate decline of 5.9% compared to 2019. Over the four-year span from 2017 to 2020, production fell by 16.9%, averaging an annual drop of 6.0%.

Annual dynamics of production in Belgium in kind, 2017-2020, t

Exports iron or steel stranded wire and ropes from Belgium

Exports in kind, t

Belgium's exports of iron or steel stranded wire and ropes have grown for the third year in a row. In 2020, the country shipped out 32 510 tonnes, a slight increase of 1.6% over the previous year. From 2017 to 2020, exports surged by 188.9%, with a compound annual growth rate of 42.4%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, t

Between 2017 and 2020, Germany, Luxembourg, and Spain were the top destinations for Belgium's exports of iron or steel stranded wire and ropes in volume terms. Germany accounted for 28.0% of exports, Luxembourg for 18.7%, and Spain for 11.5%. Together, these three countries made up 58.1% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, M $ US

Export values for iron or steel stranded wire and ropes from Belgium showed volatility during the observed period. In 2017, exports hit their lowest point, while 2018 saw the peak at 128.2 million US dollars, creating a 3.5-fold difference between these years. By 2020, export value had decreased to 111.9 million US dollars, down 4.5% from the prior year. The largest annual increase occurred in 2018, with a jump of 254.8%, while the steepest decline was in 2019, at 8.6%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Italy, and Luxembourg were the leading markets for Belgium's exports of iron or steel stranded wire and ropes in value terms. Germany represented 30.1% of export value, Italy 16.3%, and Luxembourg 11.5%. Combined, these three countries accounted for 57.9% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports iron or steel stranded wire and ropes to Belgium

Imports in kind, t

Belgium's imports of iron or steel stranded wire and ropes have decreased for the second consecutive year. In 2020, imports totaled 45 864 tonnes, down 5.7% from the previous year. The highest import volume was recorded in 2018 at 51 237 tonnes, which also saw the largest annual increase of 11.4%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, t

During the 2017-2020 period, China, Turkey, and Italy were the primary suppliers of iron or steel stranded wire and ropes to Belgium in volume terms. China contributed 19.1% of imports, Turkey 16.3%, and Italy 15.6%. Together, these three countries supplied 51.0% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Belgium in kind, 2017-2020

Imports in value, M $ US

Belgium's imports of iron or steel stranded wire and ropes have fallen for the second year in a row. In 2020, import value stood at 85.7 million US dollars, a significant drop of 15.6% from the year before. The peak import value was in 2018 at 110.4 million US dollars, which also experienced the largest annual increase of 29.0%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, M $ US

From 2017 to 2020, China, Turkey, and Germany were the key sources for Belgium's imports of iron or steel stranded wire and ropes in value terms. China made up 29.8% of import value, Turkey 16.0%, and Germany 10.1%. Collectively, these three countries represented 55.9% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020