Iron or steel wire articles market in Germany

Earlier Report Observations

The market volume for iron or steel wire articles in Germany declined from 212.9 thousand tonnes in 2018 to 200.1 thousand tonnes by 2020. This period of contraction was followed by a sharp reversal in 2021, when the market expanded by 20% to reach 240.6 thousand tonnes. This growth was driven by the introduction of the Federal Funding for Efficient Buildings (BEG), a state subsidy program that boosted investment in heating equipment and subsequently increased demand for metal components, including wire articles.

The positive trend proved temporary as market volume fell to 224.9 thousand tonnes in 2022. This downturn coincided with a reduction in the BEG funding scope starting in August 2022, which created uncertainty among consumers and dampened demand in related construction and heating sectors. The market then experienced a significant drop to 151.4 thousand tonnes by 2024.

Production iron or steel wire articles in Germany

In value, 2017-2020, M $ US

In Germany, the production value of iron or steel wire articles reached 978 million US dollars in 2020, showing a modest increase of 1.4% compared to the previous year. Over the period from 2017 to 2020, production declined by 4.8%, with a compound annual growth rate of 1.6%. The lowest value was recorded in 2019 at 964 million US dollars, while the peak occurred in 2018 at 1 084 million US dollars. The most significant decrease was observed in 2019, falling by 11.0%, whereas the largest increase took place in 2018, rising by 5.6%.

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

In kind, 2017-2020, K t

Germany's production of iron or steel wire articles has declined for the third consecutive year. In 2020, the country produced 179.5 thousand tonnes, representing a decrease of 7.1% from the previous year. From 2017 to 2020, overall production fell by 14%, with a compound annual growth rate of 4.9%.

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

Exports iron or steel wire articles from Germany

Exports in kind, t

Exports of iron or steel wire articles from Germany have decreased for the second year in a row. In 2020, shipments abroad totaled 51 810 tonnes, reflecting a gradual decline of 7.1% compared to the prior year. The highest export volume was recorded in 2018 at 57 845 tonnes, with the largest increase that year at 13.6%.

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

Between 2017 and 2020, Germany's exports of iron or steel wire articles were distributed across numerous countries. Norway accounted for 11.1% of exports in kind, France for 8.4%, and Poland for 8.1%, together making up only 27.6% of total export flows.

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

Germany's exports of iron or steel wire articles amounted to 242.8 million US dollars in 2020, showing little change from the previous year. Over the 2017-2020 period, exports grew by 9.7%, with a compound annual growth rate of 3.1%. The peak value was reached in 2018 at 253.0 million US dollars. The most notable decline occurred in 2019, dropping by 4.4%, while the largest increase was in 2018, rising by 14.3%.

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

From 2017 to 2020, Germany's exports of iron or steel wire articles in value terms were spread across a wide range of markets. France contributed 8.9% of export value, Poland 7.2%, and the United States 6.6%, collectively accounting for just 22.7% of total export flows.

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 wire articles to Germany

Imports in kind, t

In 2020, Germany's imports of iron or steel wire articles totaled 72 421 tonnes, remaining virtually unchanged year-over-year. Between 2017 and 2020, imports increased by 30.2%, equating to an annualized growth rate of 9.2%. The highest import volume was recorded in 2019 at 72 435 tonnes, with the largest increase occurring in 2018 at 15.8%.

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

From 2017 to 2020, Czechia, China, and Poland were the primary suppliers of iron or steel wire articles to Germany. Czechia accounted for 25.1% of imports in kind, China for 24.4%, and Poland for 13.8%, together forming 63.2% of total imports in kind.

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

Following a two-year rise, imports of iron or steel wire articles into Germany declined. In 2020, imports totaled 200.8 million US dollars, marking a gradual decrease of 7.5% compared to 2019. Over the 2017-2020 period, imports increased by 4.9%, with a compound annual growth rate of 1.6%. The peak value was recorded in 2019 at 217.0 million US dollars, while the largest increase was in 2018 at 9.9%.

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

Between 2017 and 2020, China, Czechia, and Poland were the main suppliers of iron or steel wire articles to Germany in value terms. China accounted for 29.5% of import value, Czechia for 12.5%, and Poland for 11.6%, together comprising 53.6% of total imports in value terms.

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

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