EU: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in the EU

The EU non-alloy steel u-section market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, continues to indicate a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel U-Section Production in the EU

In value terms, non-alloy steel u-section production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports in the EU

In 2022, approx. X tons of u-sections of non-alloy steel were exported in the European Union; dropping by X% compared with 2021. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports amounted to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Spain (X tons), Germany (X tons) and Poland (X tons), together finishing at X% of total export. Italy (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%). France (X tons) and Luxembourg (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Spain ($X), Germany ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Italy, the Czech Republic, France and Luxembourg lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Luxembourg ($X per ton), while Spain ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports in the EU

In 2022, imports of u-sections of non-alloy steel in the European Union contracted to X tons, falling by X% on the previous year. In general, imports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports reached $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), the Czech Republic (X tons), Italy (X tons), Belgium (X tons), Austria (X tons), Romania (X tons), Portugal (X tons), Ireland (X tons) and Slovakia (X tons) was the major importer of u-sections of non-alloy steel in the European Union, achieving X% of total import. Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, the Czech Republic, Italy, Belgium, Austria, Slovakia, Ireland, Portugal, Romania and Hungary lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and France ($X per ton), while Romania ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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