Belgium - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCold-Rolled Steel Products Price in Belgium - 2023
Contents:
- Cold-Rolled Steel Products Price in Belgium (FOB) - 2023
- Cold-Rolled Steel Products Price in Belgium (CIF) - 2022
- Cold-Rolled Steel Products Exports in Belgium
- Cold-Rolled Steel Products Imports in Belgium
Cold-Rolled Steel Products Price in Belgium (FOB) - 2023
In August 2023, the average cold-rolled steel products export price amounted to $1,424 per ton, reducing by -17.4% against the previous month. Over the period under review, the export price recorded a slight descent. The growth pace was the most rapid in July 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,866 per ton in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($2,303 per ton), while the average price for exports to Turkey ($1,131 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.4%), while the prices for the other major destinations experienced a decline.
Cold-Rolled Steel Products Price in Belgium (CIF) - 2022
The average cold-rolled steel products import price stood at $1,524 per ton in 2022, increasing by 36% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +72.2% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,301 per ton), while the price for the Netherlands ($1,111 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cold-Rolled Steel Products Exports in Belgium
In 2022, approx. 2.5M tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from Belgium; growing by 2.9% on the previous year. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, cold-rolled steel products exports soared to $4.9B in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Cold-Rolled Steel Products in Belgium (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 694 | 803 | 1,334 | 1,800 | 37.4% |
Italy | 312 | 296 | 486 | 685 | 30.0% |
France | 310 | 327 | 495 | 598 | 24.5% |
Netherlands | 122 | 178 | 351 | 460 | 55.6% |
Poland | 79.8 | 83.3 | 171 | 202 | 36.3% |
United States | 27.2 | 20.4 | 104 | 170 | 84.2% |
Spain | 65.0 | 69.8 | 116 | 164 | 36.1% |
Czech Republic | 35.0 | 42.0 | 88.3 | 129 | 54.5% |
United Kingdom | 72.7 | 60.8 | 103 | 95.5 | 9.5% |
Turkey | 91.8 | 82.0 | 60.4 | 69.4 | -8.9% |
Switzerland | 24.5 | 22.9 | 53.6 | 66.9 | 39.8% |
Portugal | 23.7 | 23.8 | 48.7 | 58.0 | 34.8% |
Luxembourg | 90.6 | 163 | 120 | 29.2 | -31.4% |
Others | 215 | 227 | 296 | 403 | 23.3% |
Total | 2,162 | 2,398 | 3,827 | 4,931 | 31.6% |
Top Export Markets for Cold-Rolled Steel Products from Belgium in 2022:
- Germany (797.8K tons)
- France (352.3K tons)
- Netherlands (339.1K tons)
- Italy (241.4K tons)
- Spain (90.0K tons)
- United States (86.9K tons)
- Poland (79.2K tons)
- Czech Republic (66.0K tons)
- United Kingdom (56.9K tons)
- Turkey (48.9K tons)
- Switzerland (45.0K tons)
- Portugal (40.8K tons)
- Luxembourg (26.4K tons)
Cold-Rolled Steel Products Imports in Belgium
In 2022, after three years of growth, there was significant decline in supplies from abroad of flat-rolled products of iron or steel (not further worked than cold-rolled), when their volume decreased by -11.3% to 1.8M tons. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 56%.
In value terms, cold-rolled steel products imports skyrocketed to $2.8B in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Cold-Rolled Steel Products in Belgium (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 347 | 540 | 796 | 819 | 33.1% |
France | 82.6 | 152 | 525 | 464 | 77.8% |
Germany | 105 | 117 | 177 | 344 | 48.5% |
Taiwan (Chinese) | 23.5 | 44.4 | 170 | 230 | 113.9% |
Italy | 30.1 | 68.4 | 66.9 | 160 | 74.5% |
South Korea | 5.7 | 30.1 | 81.6 | 115 | 172.2% |
China | 0.2 | 0.9 | 32.0 | 114 | 729.1% |
Finland | 11.9 | 20.4 | 38.2 | 110 | 109.9% |
India | 24.0 | 27.2 | 163 | 108 | 65.1% |
Vietnam | 45.5 | 30.9 | 34.0 | 54.8 | 6.4% |
Turkey | 17.9 | 45.2 | 59.3 | 53.3 | 43.9% |
Brazil | 11.3 | 8.9 | 5.0 | 51.5 | 65.8% |
Others | 41.6 | 93.7 | 174 | 168 | 59.2% |
Total | 746 | 1,179 | 2,322 | 2,791 | 55.2% |
Top Suppliers of Cold-Rolled Steel Products to Belgium in 2022:
- Netherlands (737.1K tons)
- France (292.4K tons)
- Germany (180.2K tons)
- Taiwan (Chinese) (142.5K tons)
- South Korea (96.1K tons)
- India (79.3K tons)
- China (55.4K tons)
- Italy (48.5K tons)
- Brazil (41.1K tons)
- Finland (36.4K tons)
- Turkey (29.3K tons)
- Vietnam (26.8K tons)
This report provides an in-depth analysis of the cold-rolled steel products market in Belgium. 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.
Product coverage:
- Prodcom 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
- Prodcom 24104150 - Electrical sheet and strip, grain non-oriented of a width . .600 mm
- Prodcom 241041Z0 - Uncoated cold-rolled sheet, plate and strip (including electrical sheet and strip not finally annealed), of a width . .600 mm, of steel other than stainless steel
- Prodcom 24104200 - Cold-rolled sheet, plate and wide strip of a width of .600 mm or more (of stainless steel)
- Prodcom 24104300 - Flat-rolled products of alloy steel other than stainless, of a width of . .600 mm, simply cold-rolled (excluding products of high-speed steel or silicon-electrical steel)
- Prodcom 24321025 - Flat-rolled products of iron or non-alloy steel, of a width of < .600 mm, simply cold-rolled
- Prodcom 243210Z1 - Cold-rolled narrow strip and cold-rolled slit strip, of non-alloy steel and of alloy steel (other than stainless steel), of a width < .600 mm
- Prodcom 243210Z2 - Cold-rolled narrow strip and cold-rolled slit strip, of stainless steel (excluding insulated electric strip, corrugated strip with one edge serrated or bevelled), of a width < .600 mm
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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