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Stainless steel wire rod: top exporters and importers (2024)

In 2024, world trade in stainless steel wire rod totaled $1.7 billion (540 thousand tonnes). The top exporters were Taiwan (19%), Italy (13%) and China (13%); the top importers were Germany (12%), Italy (12%) and China (11%). Compared with 2019, the value was stable.

Summary

World trade
$1.7billion
Tonnes
540thousand tonnes
Price per tonne
$3,224
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Taiwan$334 million · 19.2%
  2. Italy$228 million · 13.1%
  3. China$227 million · 13%
  4. Japan$206 million · 11.8%
  5. France$179 million · 10.3%
  6. Sweden$129 million · 7.4%
  7. India$117 million · 6.7%
  8. South Korea$81 million · 4.7%
  9. Spain$80 million · 4.6%
  10. United Kingdom$44 million · 2.5%
  11. Germany$29 million · 1.7%
  12. Hong Kong$15 million · 0.84%
    re-exports
  13. United States$14 million · 0.82%
  14. Austria$14 million · 0.8%
  15. Netherlands$12 million · 0.67%
    re-exports
  16. Czechia$8 million · 0.45%
  17. Ireland$5 million · 0.29%
  18. Switzerland$4 million · 0.22%
  19. Singapore$2 million · 0.14%
    re-exports
  20. Vietnam$2 million · 0.11%

Top importers

  1. Germany$212 million · 12.2%
  2. Italy$211 million · 12.1%
  3. China$187 million · 10.7%
  4. United States$154 million · 8.9%
  5. South Korea$148 million · 8.5%
  6. Switzerland$128 million · 7.4%
  7. Thailand$107 million · 6.1%
  8. Vietnam$100 million · 5.7%
  9. Czechia$85 million · 4.9%
  10. Malaysia$43 million · 2.5%
  11. India$42 million · 2.4%
  12. Taiwan$34 million · 1.9%
  13. Japan$29 million · 1.7%
  14. United Arab Emirates$29 million · 1.7%
  15. Indonesia$27 million · 1.6%
  16. Brazil$27 million · 1.5%
  17. Mexico$20 million · 1.1%
  18. Sweden$20 million · 1.1%
  19. France$17 million · 1%
  20. United Kingdom$16 million · 0.91%

Trend

Who sells it

Taiwan has been the top exporter since 2022

Value in USD millions. The five largest exporters in 2024.

  • Taiwan 334
  • Italy 228
  • China 227
  • Japan 206
  • France 179

Source: CEPII BACI

Show the numbers
Country19952024
Taiwan40.9334
Italy119228
China0.65227
Japan213206
France210179

Price

Implied price

The price per tonne rose 34% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $3,224

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,403
1996$2,325
1997$1,133
1998$1,965
1999$1,728
2000$1,818
2001$1,475
2002$535
2003$1,831
2004$2,325
2005$2,558
2006$2,678
2007$4,129
2008$3,441
2009$2,356
2010$3,230
2011$3,581
2012$3,171
2013$3,041
2014$2,140
2015$1,835
2016$1,765
2017$2,411
2018$2,837
2019$2,748
2020$2,623
2021$3,253
2022$4,152
2023$3,933
2024$3,224

What it includes

  • 7221 · Stainless steel wire rod

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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