UK's Welded Grill, Netting and Fencing Market to Reach 135K Tons and $338M by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: United Kingdom - Welded Grill, Netting And Fencing, Not Classified In Hs - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising demand, the UK market for welded grill, netting, and fencing is set to exhibit steady growth through 2035. With an expected CAGR of +3.3% in volume and +3.4% in value, the market is on track to expand significantly over the forecasted period.

Driven by increasing demand for welded grill, netting and fencing, not classified in hs in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.3% for the period from 2024 to 2035, which is projected to bring the market volume to 135K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2024 to 2035, which is projected to bring the market value to $338M (in nominal wholesale prices) by the end of 2035.

In 2024, welded netting consumption in the UK expanded slightly to 94K tons, surging by 1.8% against the year before. Over the period under review, consumption saw a strong increase. Welded netting consumption peaked at 97K tons in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The value of the welded netting market in the UK rose sharply to $233M in 2024, surging by 5.6% 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). In general, consumption posted a resilient expansion. Welded netting consumption peaked at $247M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

In 2024, the amount of welded grill, netting and fencing, not classified in hs produced in the UK expanded modestly to 78K tons, with an increase of 2.1% on 2023 figures. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 352%. Over the period under review, production reached the maximum volume at 79K tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, welded netting production expanded significantly to $203M in 2024 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 333% against the previous year. Welded netting production peaked at $216M in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In 2024, purchases abroad of welded grill, netting and fencing, not classified in hs was finally on the rise to reach 28K tons for the first time since 2020, thus ending a three-year declining trend. In general, total imports indicated a perceptible increase from 2013 to 2024: its volume increased at an average annual rate of +2.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at 42K tons in 2018; however, from 2019 to 2024, imports stood at a somewhat lower figure.

In value terms, welded netting imports totaled $51M in 2024. Over the period under review, total imports indicated a notable increase from 2013 to 2024: its value increased at an average annual rate of +2.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -11.0% against 2021 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 41%. Over the period under review, imports attained the peak figure at $66M in 2017; however, from 2018 to 2024, imports remained at a lower figure.

Belgium (5.1K tons), Italy (5.1K tons) and France (3.2K tons) were the main suppliers of welded netting imports to the UK, with a combined 54% share of total imports. China, Turkey, Poland, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further 31%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +88.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($10M), Belgium ($7.8M) and France ($6.8M) appeared to be the largest welded netting suppliers to the UK, together comprising 50% of total imports. China, the United Arab Emirates, Turkey, Poland and Germany lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Turkey, with a CAGR of +73.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) (17K tons) and iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc (11K tons) were the main products of welded netting imports to the UK.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc (with a CAGR of +7.8%).

In value terms, iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) ($32M) and iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc ($19M) were the most imported types of welded grill, netting and fencing, not classified in hs in the UK.

Iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main product categories over the period under review.

The average welded netting import price stood at $1,839 per ton in 2024, declining by -8.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 35%. Over the period under review, average import prices attained the peak figure at $2,024 per ton in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplied products. In 2024, the product with the highest price was iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) ($1,865 per ton), while the price for iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc totaled $1,796 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) (+0.7%).

In 2023, the average welded netting import price amounted to $2,015 per ton, remaining stable against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $2,024 per ton in 2022, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,388 per ton), while the price for Belgium ($1,536 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of welded grill, netting and fencing, not classified in hs was finally on the rise to reach 11K tons after seven years of decline. Overall, exports, however, recorded a noticeable curtailment. The exports peaked at 20K tons in 2016; however, from 2017 to 2024, the exports stood at a somewhat lower figure.

In value terms, welded netting exports skyrocketed to $31M in 2024. In general, total exports indicated a pronounced expansion from 2013 to 2024: its value increased at an average annual rate of +2.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +61.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Ireland (3.2K tons) was the main destination for welded netting exports from the UK, with a 40% share of total exports. Moreover, welded netting exports to Ireland exceeded the volume sent to the second major destination, Sweden (968 tons), threefold. Norway (894 tons) ranked third in terms of total exports with an 11% share.

From 2013 to 2023, the average annual growth rate of volume to Ireland stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.1% per year) and Norway (-7.7% per year).

In value terms, Ireland ($10M) remains the key foreign market for welded grill, netting and fencing, not classified in hs exports from the UK, comprising 43% of total exports. The second position in the ranking was taken by Sweden ($2.3M), with a 10% share of total exports. It was followed by Norway, with a 9.4% share.

From 2013 to 2023, the average annual growth rate of value to Ireland totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+17.0% per year) and Norway (+0.4% per year).

Iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc (8.6K tons) was the largest type of welded grill, netting and fencing, not classified in hs exported from the UK, with a 78% share of total exports. Moreover, iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc exceeded the volume of the second product type, iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) (2.4K tons), fourfold.

From 2013 to 2024, the average annual growth rate of the volume of iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc exports totaled -1.6%.

In value terms, iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc ($24M) remains the largest type of welded grill, netting and fencing, not classified in hs exported from the UK, comprising 77% of total exports. The second position in the ranking was taken by iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) ($7.1M), with a 23% share of total exports.

From 2013 to 2024, the average annual rate of growth in terms of the value of iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc exports totaled +4.6%.

The average welded netting export price stood at $2,821 per ton in 2024, waning by -2.8% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The export price peaked at $3,158 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.

Average prices varied noticeably for the major types of exported product. In 2024, the product with the highest price was iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, (other than plated or coated with zinc) ($2,976 per ton), while the average price for exports of iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc totaled $2,778 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: iron or steel wire; grill, netting and fencing, welded at the intersection, n.e.s. in item no. 7314.20, plated or coated with zinc (+6.3%).

The average welded netting export price stood at $2,903 per ton in 2023, falling by -8.1% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices attained the maximum at $3,158 per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($3,532 per ton), while the average price for exports to Falkland Islands (Malvinas) ($1,324 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the welded netting market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles