Between 2013 and 2023, the volume of iron or non-alloy steel wire containing less than 0.25% of carbon in the French market exhibited a gradual increase until 2019, peaking at 553.84 million kilograms. However, from 2020 onwards, the market experienced a consistent decline, reaching 426.14 million kilograms in 2023. The last two years alone saw year-on-year declines of 6.49% and 6.87%, respectively. Over the five-year period from 2018 to 2023, the compound annual growth rate averaged a decrease of 3.91%, highlighting a significant negative trend.
Future trends to watch for include:
- Potential influence of industrial innovation, especially in sustainable and lightweight materials.
- Market shifts due to changing economic conditions and demand fluctuations in the automotive and construction sectors.
- Technological advancements in manufacturing that could reinvigorate demand for specific steel wire variants.
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 426,140,000 | 2023 | -6.87% | -3.91% | |
| 2 | 2 Poland | 382,920,000 | 2023 | +2.66% | -0.79% | View data |
| 3 | 3 Belgium | 259,440,000 | 2023 | -0.1% | -0.95% | View data |
| 4 | 4 Czech Republic | 200,960,000 | 2023 | +3.75% | +3.65% | View data |
| 5 | 5 Spain | 173,630,000 | 2023 | +0.48% | +0.044% | View data |
