EU: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in the EU

In 2023, after three years of growth, there was decline in the EU iron or steel can market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Iron or Steel Cans in the EU

In value terms, iron or steel can production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports in the EU

After two years of decline, shipments abroad of iron or steel cans increased by X% to X units in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron or steel can exports rose notably to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2023, the Netherlands (X units), Spain (X units) and Germany (X units) was the main exporter of iron or steel cans in the European Union, making up X% of total export. France (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%) and the Czech Republic (X%). Belgium (X units), Poland (X units), Denmark (X units), Hungary (X units), Austria (X units), Bulgaria (X units) and Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can supplying countries in the European Union were Spain ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. France, Italy, Denmark, Belgium, Austria, the Czech Republic, Poland, Hungary, Bulgaria and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded 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

The export price in the European Union stood at $X per unit in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports in the EU

In 2023, overseas purchases of iron or steel cans decreased by X% to X units, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, iron or steel can imports rose significantly to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The purchases of the four major importers of iron or steel cans, namely Belgium, France, the Netherlands and Germany, represented more than two-thirds of total import. It was distantly followed by Poland (X units), mixing up a X% share of total imports. The following importers - Portugal (X units), Ireland (X units), Romania (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Germany, Poland, Portugal, Spain, Romania and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ireland, with a CAGR of X%, saw 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.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Portugal ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform