Aug 24, 2025
IndexBox has just published a new report: United Kingdom – Base Metal Wire And Rods Of Agglomerated Base Powder – Market Analysis, Forecast, Size, Trends And Insights.
Driven by increasing demand for base metal wire and rods of agglomerated base powder, the market is expected to grow steadily over the next decade, reaching a volume of 32K tons and a value of $190M by the end of 2035.
Market Forecast
Driven by increasing demand for base metal wire and rods of agglomerated base powder in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.5% for the period from 2024 to 2035, which is projected to bring the market volume to 32K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.1% for the period from 2024 to 2035, which is projected to bring the market value to $190M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Base Metal Wire And Rods Of Agglomerated Base Powder
In 2024, consumption of base metal wire and rods of agglomerated base powder increased by 2.4% to 20K tons, rising for the third year in a row after two years of decline. The total consumption volume increased at an average annual rate of +3.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption reached the peak volume at 21K tons in 2019; however, from 2020 to 2024, consumption remained at a lower figure.
The value of the agglomerated powder rod market in the UK amounted to $99M in 2024, increasing by 7.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.8% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2024 and is likely to see steady growth in the near future.
ProductionUnited Kingdom’s Production of Base Metal Wire And Rods Of Agglomerated Base Powder
In 2024, production of base metal wire and rods of agglomerated base powder increased by 2.2% to 19K tons, rising for the third year in a row after two years of decline. The total output volume increased at an average annual rate of +4.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum volume at 20K tons in 2019; however, from 2020 to 2024, production remained at a lower figure.
In value terms, agglomerated powder rod production expanded notably to $99M in 2024 estimated in export price. In general, the total production indicated a prominent expansion from 2013 to 2024: its value increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +48.0% against 2021 indices. The growth pace was the most rapid in 2014 when the production volume increased by 22%. Over the period under review, production reached the maximum level in 2024 and is expected to retain growth in the immediate term.
ImportsUnited Kingdom’s Imports of Base Metal Wire And Rods Of Agglomerated Base Powder
Agglomerated powder rod imports into the UK expanded notably to 2K tons in 2024, with an increase of 7.6% compared with the previous year’s figure. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Over the period under review, imports hit record highs at 4K tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.
In value terms, agglomerated powder rod imports declined to $7.5M in 2024. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2022 when imports increased by 34%. Imports peaked at $19M in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.
Imports By Country
In 2024, China (1.2K tons) constituted the largest agglomerated powder rod supplier to the UK, with a 59% share of total imports. Moreover, agglomerated powder rod imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (278 tons), fourfold. Italy (202 tons) ranked third in terms of total imports with a 10% share.
From 2013 to 2024, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+55.7% per year) and Italy (-2.7% per year).
In value terms, China ($2.9M) constituted the largest supplier of base metal wire and rods of agglomerated base powder to the UK, comprising 39% of total imports. The second position in the ranking was held by Japan ($592K), with a 7.9% share of total imports. It was followed by France, with a 6.1% share.
From 2013 to 2024, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.4% per year) and France (-11.7% per year).
Import Prices By Country
In 2024, the average agglomerated powder rod import price amounted to $3,777 per ton, falling by -18.1% against the previous year. Over the period under review, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 62%. As a result, import price attained the peak level of $6,707 per ton. From 2020 to 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($36,934 per ton), while the price for the United Arab Emirates ($163 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Spain (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited Kingdom’s Exports of Base Metal Wire And Rods Of Agglomerated Base Powder
In 2024, the amount of base metal wire and rods of agglomerated base powder exported from the UK expanded markedly to 1.2K tons, picking up by 6.4% against the previous year’s figure. Overall, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2022 when exports increased by 36% against the previous year. The exports peaked at 2.1K tons in 2013; however, from 2014 to 2024, the exports failed to regain momentum.
In value terms, agglomerated powder rod exports fell to $32M in 2024. Over the period under review, exports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2023 when exports increased by 52% against the previous year. The exports peaked at $40M in 2018; however, from 2019 to 2024, the exports remained at a lower figure.
Exports By Country
Germany (196 tons), the Czech Republic (171 tons) and France (167 tons) were the main destinations of agglomerated powder rod exports from the UK, together comprising 43% of total exports. Ireland, Spain, Turkey, China, Italy, Brazil, Sweden and Poland lagged somewhat behind, together accounting for a further 35%.
From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for agglomerated powder rod exported from the UK were Germany ($5M), France ($4.8M) and China ($4.7M), with a combined 45% share of total exports. The Czech Republic, Spain, Turkey, Italy, Ireland, Brazil, Sweden and Poland lagged somewhat behind, together accounting for a further 38%.
The Czech Republic, with a CAGR of +17.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
In 2024, the average agglomerated powder rod export price amounted to $26,139 per ton, which is down by -10.1% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2013 to 2024: its price increased at an average annual rate of +3.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, agglomerated powder rod export price increased by +54.8% against 2022 indices. The pace of growth appeared the most rapid in 2023 when the average export price increased by 72%. As a result, the export price attained the peak level of $29,084 per ton, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($78,777 per ton), while the average price for exports to Ireland ($12,159 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform