Iron or steel stranded wire and ropes market in Germany

Earlier Report Observations

The German market for iron or steel stranded wire and ropes contracted significantly from 2018 to 2024, with volume falling from 217.2 thousand tons to 141.6 thousand tons. This overall decline of over 34% included a sharp drop in 2020, a partial recovery in 2021 and 2022, and renewed decreases in 2023 and 2024.

In value terms, the market mirrored this volatility, decreasing from $551.3 million to $384.3 million. The temporary rebound in 2021 and 2022 restored market value close to 2018 levels, but subsequent declines brought the market to its lowest point in the period. Domestic production, imports, and exports all followed a similar downward trajectory over these years.

Production iron or steel stranded wire and ropes in Germany

In value, 2017-2020, M $ US

Germany's production of iron or steel stranded wire and ropes declined for the second year in a row. In 2020, output was valued at 486.2 million US dollars, marking a moderate contraction of 5.7% compared to 2019. Looking at the period from 2017 to 2020, production decreased by 2.5%, which translates to an annualized decline of 0.8%. The highest production value was recorded in 2018 at 551.8 million US dollars, when output increased by 10.7%. The largest decline occurred in 2019, with a drop of 6.6%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Production of iron or steel stranded wire and ropes in Germany fell for the second consecutive year. In 2020, Germany produced 126.6 thousand tonnes, representing a modest decline of 4.2% compared to 2019. Over the 2017-2020 period, production decreased by 6.6%, with a compound annual growth rate of -2.2%. The peak was reached in 2018 at 136.8 thousand tonnes, when production saw a slight increase of 0.9%.

Annual dynamics of production in Germany in kind, 2017-2020, K t

Exports iron or steel stranded wire and ropes from Germany

Exports in kind, K t

Exports of iron or steel stranded wire and ropes from Germany declined for the second year running. In 2020, Germany exported 93.3 thousand tonnes, showing a solid decrease of 10.1% compared to the previous year. From 2017 to 2020, exports fell by 10.7%, equating to an annualized decline of 3.7%. The highest export volume was recorded in 2018 at 107.4 thousand tonnes, which saw an increase of 2.7% that year.

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

Between 2017 and 2020, the export market for iron or steel stranded wire and ropes from Germany was quite diverse. China accounted for 9.0% of exports in kind, the United States for 7.4%, and Poland for 7.3%. Together, these three countries made up only 23.8% of total exports, with the remaining 76.2% going to a wide range of other destinations.

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

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

Exports in value, M $ US

Export revenues from iron or steel stranded wire and ropes in Germany dropped for the second consecutive year. In 2020, exports totaled 429.1 million US dollars, down by 4.7% from the previous year. Over the 2017-2020 period, however, exports increased by 6.4%, which corresponds to an annualized growth rate of 2.1%. The peak value was reached in 2018 at 459.2 million US dollars, when exports surged by 13.9%.

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

From 2017 to 2020, China, the United States, and Austria were notable but not dominant buyers of iron or steel stranded wire and ropes from Germany in value terms. China accounted for 10.7% of export value, the United States for 9.5%, and Austria for 5.6%. Their combined share reached just 25.8% of total export value, indicating a broad distribution across many other countries.

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

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

Imports iron or steel stranded wire and ropes to Germany

Imports in kind, K t

Imports of iron or steel stranded wire and ropes into Germany fell for the second year in a row. In 2020, Germany imported 128.3 thousand tonnes, representing a substantial reduction of 21.1% compared to 2019. Over the 2017-2020 period, imports decreased by 31.2%, with a compound annual growth rate of -11.7%. The highest import volume was recorded in 2018 at 187.8 thousand tonnes, which saw a slight increase of 0.7% that year.

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

Import data for 2017-2020 show that iron or steel stranded wire and ropes imports into Germany were not concentrated among a few key sources. China accounted for 13.1% of imports in kind, South Korea for 10.2%, and Belarus for 9.4%. Together, these three countries made up only 32.7% of total imports, with the rest coming from a variety of other nations.

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

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

Imports in value, M $ US

Import values for iron or steel stranded wire and ropes in Germany declined for the second consecutive year. In 2020, import volume amounted to 317.3 million US dollars, reflecting a contraction of 19.6% year-over-year. Between 2017 and 2020, imports decreased by 24.2%, equating to an annualized decline of 8.8%. The peak was in 2018 at 458.6 million US dollars, when imports increased by 9.6%.

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

The import structure in value terms from 2017 to 2020 was diversified. China accounted for 12.4% of import value, South Korea for 10.7%, and Romania for 7.7%. Together, these three countries represented just 30.7% of total imports, with no single country holding a clearly dominant position.

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

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