United Kingdom - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in the UK - 2023
Contents:
- Flat-Rolled Steel Products Price in the UK (FOB) - 2022
- Flat-Rolled Steel Products Price in the UK (CIF) - 2023
- Flat-Rolled Steel Products Exports in the UK
- Flat-Rolled Steel Products Imports in the UK
Flat-Rolled Steel Products Price in the UK (FOB) - 2022
The average flat-rolled steel products export price stood at $2,290 per ton in 2022, surging by 41% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2021 an increase of 63%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,688 per ton), while the average price for exports to India ($762 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Flat-Rolled Steel Products Price in the UK (CIF) - 2023
The average flat-rolled steel products import price stood at $1,380 per ton in May 2023, declining by -10.6% against the previous month. Over the period under review, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 44% month-to-month. Over the period under review, average import prices hit record highs at $2,389 per ton in August 2022; however, from September 2022 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,197 per ton), while the price for China ($1,137 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Flat-Rolled Steel Products Exports in the UK
In 2022, overseas shipments of flat-rolled products of iron or non-alloy steel decreased by -20.3% to 41K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 58K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, flat-rolled steel products exports expanded rapidly to $94M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Flat-Rolled Steel Products in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.2 | 18.9 | 46.9 | 54.3 | 106.1% |
France | 5.9 | 8.3 | 8.2 | 9.6 | 17.6% |
Italy | 5.0 | 3.8 | 4.4 | 5.2 | 1.3% |
Ireland | 7.8 | 5.2 | 2.9 | 4.2 | -18.6% |
Greece | 0.8 | 4.2 | 1.6 | 2.6 | 48.1% |
Bangladesh | 3.6 | 3.1 | 1.9 | 2.5 | -11.4% |
Belgium | 0.8 | 0.5 | 2.0 | 2.4 | 44.2% |
Pakistan | 1.6 | 2.1 | 3.2 | 2.3 | 12.9% |
Germany | 1.8 | 3.0 | 0.3 | 1.8 | 0.0% |
Netherlands | 2.0 | 0.9 | 1.4 | 1.7 | -5.3% |
Egypt | 2.0 | 1.9 | 1.1 | 1.4 | -11.2% |
Saudi Arabia | 1.1 | 0.4 | 1.1 | 1.3 | 5.7% |
India | 1.2 | 0.6 | 0.8 | 0.8 | -12.6% |
Others | 5.5 | 4.4 | 7.8 | 3.8 | -11.6% |
Total | 45.2 | 57.5 | 83.6 | 93.8 | 27.6% |
Top Export Markets for Flat-Rolled Steel Products from the UK in 2022:
- United States (14.7K tons)
- France (5.7K tons)
- Italy (3.5K tons)
- Greece (2.7K tons)
- Bangladesh (2.4K tons)
- Pakistan (2.1K tons)
- Ireland (1.5K tons)
- Egypt (1.4K tons)
- Belgium (1.1K tons)
- Netherlands (1.0K tons)
- India (1.0K tons)
- Germany (1.0K tons)
- Saudi Arabia (0.9K tons)
Flat-Rolled Steel Products Imports in the UK
In 2022, purchases abroad of flat-rolled products of iron or non-alloy steel was finally on the rise to reach 40K tons after two years of decline. Overall, imports, however, continue to indicate a pronounced decrease.
In value terms, flat-rolled steel products imports surged to $74M in 2022. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Flat-Rolled Steel Products in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.2 | 12.9 | 22.3 | 39.3 | 29.3% |
Taiwan (Chinese) | 5.6 | 6.2 | 3.7 | 8.9 | 16.7% |
France | 7.3 | 6.8 | 0.3 | 8.3 | 4.4% |
Germany | 8.3 | 2.9 | 2.3 | 7.5 | -3.3% |
Netherlands | 3.7 | 6.8 | 2.8 | 6.7 | 21.9% |
Others | 5.6 | 9.0 | 6.9 | 3.6 | -13.7% |
Total | 48.8 | 44.6 | 38.3 | 74.4 | 15.1% |
Top Suppliers of Flat-Rolled Steel Products to the UK in 2022:
- China (18.8K tons)
- Taiwan (Chinese) (5.7K tons)
- Germany (5.5K tons)
- France (4.6K tons)
- Netherlands (4.0K tons)
This report provides an in-depth analysis of the flat-rolled steel products market in the UK. 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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