Germany, the Russian Federation, Italy, Belgium, and Japan were the top five exporters of Steel Rebar in the world in 2017 and 2018.
Steel Rebar is used to reinforce buildings and structures. The development of infrastructures and construction affects the steel rebar trade. So, it is imported by the countries where construction is prospering.
The global steel rebar market size was valued at 214.9 billion Dollars in 2018 and was anticipated to grow at a Compound annual growth rate (CAGR) of 7.2% from 2019 to 2025. The development of the construction sector is expected to continue to be a key driver for market growth. Growing construction yield, particularly in emerging countries such as China, Brazil, and India, and variegation programs in the Middle East are promoting the demand for steel rebar and wire rods.
Exporters of Rebar and Wire Rod in 2017 (according to trade value) |
In terms of quantity, the commercial section is planned to grow at a CAGR of 3.0% from 2019 to 2025. Urbanization in different parts of the world has caused a growth in the number of skyscrapers for business objectives, which, in turn, has increased the demand for steel rebar.
According to the statistics, Germany was the biggest exporter of Rebar (HS code 7213) from 1996 to 2018.
Germany, the Russian Federation, Italy, Belgium, and Japan were the top five exporters of Steel Rebar in the world in 2017 and 2018.
Germany exported 1.86 million Tons ($ 1.13 B) in 2017 and 1.80 million Tons ($1.31 B) in 2018, having sent its Rebar mostly to France, Poland, Netherlands, Switzerland, and the U.S.
In 2017, Turkey Exported 1.36 Million Ton ($656M) to Israel (287.2 KMT), Singapore (106.7 KMT), the Netherlands (104.1 KMT), the USA (103.1 KMT) and Haiti (78.4 KMT) as its top importers.
Spain exported 1.04 Million Tons ($585M) in 2017 and 1.250 Million Tons ($850M) in 2018, mainly to France, Belgium, Turkey, Israel, and Australia.
Russian Federation exported 995 KMT ($435M) in 2017 and 1.08 Million Ton ($589M) in 2018 to the Netherlands, Lithuania, Asia, Kazakhstan, and Uzbekistan, mentioning the top importers.
With exports of 998.6 KMT ($714M) in 2017 and 881.2 KMT ($706M) in 2018, Japan was ranked as the fifth big Rebar exporter, conveniently sent the most to its neighbours Rep. of Korea, China, Thailand, U.S., and Vietnam.
Italy exported 982 KMT ($510.4M) in 2017 and 1.06 Million Ton in 2018 ($666.1M) to Austria, Germany, Switzerland, Slovenia, and Czech Rep. as its top importers.
As the seventh largest exporter, Belgium exported 517.9 KMT ($273.7) in 2017 and 888.6 KMT ($537.5) in 2018 to the Netherlands, Germany, France, Spain, and the UK.
Germany, the USA, Italy, Israel, Poland, Romania, Spain, Thailand, Austria, and Taiwan were the largest importers of steel rebar in 2017 and 2018.
Importers of Rebar and Wire Rod in 2017 (according to trade value)
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In 2017, considering the volume, the Netherlands, as the biggest importer, imported 1.5 Million Tons; the USA, as the second largest importer, had 1.4 Million Tons, and Germany, with 1.3 Million Tons, was the third big importer. However, in terms of trade value, the order will be different as:
In 2018, Germany and the USA imported 1 million tons each as the top importing countries. The development of infrastructure and public services in European countries and the USA were the major drivers of rebar import to the region. Moreover, the proximity of EU members to each other (e.g., Germany, Italy, and France), as well as the EU free trade agreement, facilitated trade among them.
Top Importers of Rebar and Wire Rod in 2018 (according to the net weight)
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Top exporters of Rebar and Wire Rod in 2018 (according to the net weight)
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Key manufacturers in the market offer a wide range of steel products to be used in various industries such as construction and automobile. Companies invest in different projects to enhance their production capacities.
10 top Manufacturers of Rebar and wire rods are:
Steel Rebar, also known as Rebar, Reinforcement bar, and Wire Rod (in smaller diameter), has the HS Code of heading 7213, 7214, and 7227 with the following description.
[su_box title=”7213: Bars and rods, hot-rolled, in irregularly wound coils, of iron or nonalloy steel.” box_color=”#212920″]
721310
Containing indentations, ribs, grooves or other deformations produced during the rolling process
721320
-Other of free-cutting steel
721391
— Of circular cross-section measuring less than 14 mm in diameter
721399
— Other
[/su_box]
[su_box title=”7214: Other bars and rods of iron or nonalloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling.” box_color=”#212920″]
721410
– forged
721420
Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721430
Of free-cutting steel
721491
— Of rectangular (other than square) cross-section
721499
other than of rectangular cross-section
[/su_box]
[su_box title=”7215: Other bars and rods of iron or nonalloy steel.” box_color=”#212920″]
721590
-Other
[/su_box]
[su_box title=”7227: Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel.
” box_color=”#212920″]
722790
-Other
[/su_box]
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