# Global Wire rod Market 2026

> World exports of wire rod (HS 721399) reached $795.4 million in 2024, 8% less than in 2019. China was the largest exporter with 20% of the world total, and Thailand was the largest buyer.

- Publisher: Stratum Market Research
- Page: https://stratummarketresearch.com/reports/wire-rod-market/
- Sector: Industrial & Trade
- Scope: Global
- Updated: 2026-11-09
- Headline figure: 795.4 USD million (World exports, 2024)

## What this market covers

Hot rolled wire rod of iron or plain carbon steel in irregularly wound coils.

Segments: Low carbon wire rod, High carbon wire rod, Drawing rod, Mesh rod.

Typical buyers: Wire drawers, Fastener makers, Construction suppliers.

## Key figures

| Figure | Value | Year |
|---|---|---|
| World exports of wire rod (HS 721399) were worth $795.4 million in 2024. | 795.4 USD million | 2024 |
| World exports were 8% lower in 2024 than in 2019 ($868.4 million), calculated from the annual totals. | -8 % since 2019 | 2024 |
| China was the largest exporter in 2024, with 20% of world exports ($161.3 million). | 20 % of world exports | 2024 |
| The three largest exporters, China, Japan and Germany, shipped 50% of world exports in 2024. | 50 % of world exports | 2024 |
| Thailand was the largest importer in 2024, buying $85.0 million, or 11% of world imports. | 11 % of world imports | 2024 |
| 29 countries exported more than $1 million of this product in 2024. | 29 countries | 2024 |
| The average world export price was about $0.82 per kilogram in 2024, calculated from value and weight. | 0.82 USD per kg | 2024 |
| Countries exported 967.2 thousand tonnes of this product in 2024. | 967.2 thousand tonnes | 2024 |
| Among the ten largest exporters, Germany grew fastest, with exports up 87% from 2019 to 2024. | +87 % since 2019 | 2024 |

## Why this market is moving now

- World trade shrank 8% from 2019 to 2024, a direct read on cross-border demand.
- Germany is gaining ground: its exports rose 87% from 2019 to 2024, the fastest among the ten largest exporters.

## Largest exporting countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | China | 161.3 |
| 2 | Japan | 160.2 |
| 3 | Germany | 78.2 |
| 4 | South Korea | 52.2 |
| 5 | Czech Republic | 50.5 |
| 6 | Canada | 41.0 |
| 7 | Spain | 29.5 |
| 8 | Taiwan | 25.2 |
| 9 | Italy | 25.0 |
| 10 | France | 20.8 |

## Largest importing countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | Thailand | 85.0 |
| 2 | United States | 82.4 |
| 3 | South Korea | 72.9 |
| 4 | Germany | 47.9 |
| 5 | Italy | 46.0 |
| 6 | China | 34.4 |
| 7 | Vietnam | 29.9 |
| 8 | Indonesia | 29.9 |
| 9 | Taiwan | 25.3 |
| 10 | Belgium | 24.5 |

## World exports of HS 721399, USD million

| Year | Value |
|---|---|
| 2017 | 871.6 |
| 2018 | 1,029 |
| 2019 | 868.4 |
| 2020 | 808.4 |
| 2021 | 1,050 |
| 2022 | 1,196 |
| 2023 | 949.4 |
| 2024 | 795.4 |

## Questions and answers

### How big is the global wire rod market?

There is no single official market total. World exports of HS 721399 reached $795.4 million in 2024, a direct measure of cross-border trade.

### Which countries export the most wire rod?

China led world exports in 2024 with 20% of the total, followed by Japan, Germany and South Korea.

### Which countries import the most wire rod?

Thailand was the largest importer in 2024, followed by the United States, South Korea and Germany.

### Is world trade in wire rod growing?

World exports were 8% lower in 2024 than in 2019.

### What is the average export price of wire rod?

Dividing world export value by weight gives about $0.82 per kilogram in 2024.

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## How to cite

Stratum Market Research, "Global Wire rod Market 2026", updated 9 Nov 2026, https://stratummarketresearch.com/reports/wire-rod-market/