EU: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in the EU

The EU market for welded and cold-formed sections of steel amounted to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; afterwards, it flattened through to 2022.

Production of Welded And Cold-Formed Sections Of Steel in the EU

In value terms, welded and cold-formed steel sections production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports in the EU

In 2022, approx. X tons of welded and cold-formed sections of steel were exported in the European Union; approximately reflecting the previous year's figure. Total exports indicated a resilient increase from 2012 to 2022: its volume 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 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, welded and cold-formed steel sections exports rose modestly to $X in 2022. Total exports indicated buoyant 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 most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The shipments of the three major exporters of welded and cold-formed sections of steel, namely Germany, Spain and Poland, represented more than half of total export. It was distantly followed by Ireland (X tons), Bulgaria (X tons) and Romania (X tons), together mixing up a X% share of total exports. The Netherlands (X tons), Belgium (X tons), Italy (X tons), Denmark (X tons) and Portugal (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest welded and cold-formed steel sections supplying countries in the European Union were Poland ($X), Germany ($X) and Spain ($X), with a combined X% share of total exports. The Netherlands, Ireland, Romania, Italy, Denmark, Bulgaria, Portugal and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Bulgaria, 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. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Imports of Welded And Cold-Formed Sections Of Steel

Imports in the EU

In 2022, welded and cold-formed steel sections imports in the European Union surged to X tons, with an increase of X% on the previous year's figure. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, welded and cold-formed steel sections imports skyrocketed to $X in 2022. Total imports indicated a strong increase 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 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Ireland prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Germany (X tons) took the second position in the ranking, followed by France (X tons), Spain (X tons) and Denmark (X tons). All these countries together took approx. X% share of total imports. The Czech Republic (X tons), Italy (X tons), Portugal (X tons), Bulgaria (X tons), Finland (X tons) and Romania (X tons) followed a long way behind the leaders.

Ireland was also the fastest-growing in terms of the welded and cold-formed sections of steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Bulgaria (X%), Finland (X%), Germany (X%), France (X%), Portugal (X%), Denmark (X%), the Czech Republic (X%) and Spain (X%) displayed positive paces of growth. By contrast, Italy (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Ireland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Denmark (X p.p.), Spain (X p.p.), Italy (X p.p.) and Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Ireland ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Ireland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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