Spain Reduced Its Exports of Iron Angles, Shapes and Sections by 6% in 2014

Basic Iron And Steel July 29, 2015
Author: Alexander Romanenko
Chief Executive Officer

Despite some negative dynamics in exports, Spain was able to hold on as the leader in the global iron angles, shapes and sections trade. In 2014, Spain exported 2.4 million tonnes of iron angles, shapes and sections totaling 1.6 billion USD, which was a lamentable 6% under the previous year. Its primary trading partner was the United Kingdom, where it supplied 17.7% of its total iron angles, shapes and sections exports in value terms, accounting for 50.5% of the United Kingdom's total imports.

From 2007 to 2014, Spain was a net exporter of iron angles, shapes and sections. Over that period, exports consistently exceeded imports in value terms.

Germany and Turkey were among the other leading global suppliers of iron angles, shapes and sections in 2014. Turkey was the fastest growing exporter from 2007 to 2014 (+2.9% per year). This helped Turkey strengthen its position in the global export structure.

In 2014, Spain's top 5 trading partners were the United Kingdom, Algeria, France, Germany and Portugal, with a combined 57.5% share of Spanish exports. The share of Algeria rose sharply (+11.0 percentage points), while the share of France illustrated negative dynamics (-7.2 percentage points).

Source: World: Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Report. Analysis and Forecast to 2020