Germany - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Germany - 2023
Contents:
- Iron and Steel Price in Germany (CIF) - 2022
- Iron and Steel Price in Germany (FOB) - 2023
- Iron and Steel Imports in Germany
- Iron and Steel Exports in Germany
Iron and Steel Price in Germany (CIF) - 2022
In 2022, the average iron and steel import price amounted to $705 per ton, surging by 10% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel import price increased by +75.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 59%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($978 per ton), while the price for Sweden ($446 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Price in Germany (FOB) - 2023
In July 2023, the average iron and steel export price amounted to $669 per ton, with an increase of 36% against the previous month. Overall, the export price, however, showed a noticeable descent. The growth pace was the most rapid in March 2023 an increase of 38% against the previous month. Over the period under review, the average export prices hit record highs at $909 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Switzerland ($795 per ton) and Slovakia ($754 per ton), while the average price for exports to Poland ($556 per ton) and Italy ($584 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.2%), while the prices for the other major destinations experienced a decline.
Iron and Steel Imports in Germany
In 2022, approx. 443K tons of iron and steel were imported into Germany; rising by 38% against 2021. In general, imports, however, recorded a mild slump.
In value terms, iron and steel imports skyrocketed to $313M in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 97% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron and Steel in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.4 | 45.5 | 87.2 | 142 | 90.9% |
| Austria | 8.3 | 8.3 | 22.1 | 20.9 | 36.0% |
| Norway | 17.3 | 14.5 | 20.1 | 14.5 | -5.7% |
| Sweden | 5.1 | 2.2 | 9.4 | 10.8 | 28.4% |
| Belgium | 0.4 | 4.5 | 9.6 | 6.8 | 157.1% |
| Italy | 5.5 | 4.8 | 12.2 | 4.7 | -5.1% |
| France | 6.9 | 0.3 | 0.4 | 4.1 | -15.9% |
| Russia | 31.0 | 10.6 | 12.8 | 2.7 | -55.7% |
| Ukraine | 14.6 | N/A | 8.8 | 0.1 | -81.0% |
| Brazil | 58.9 | N/A | N/A | N/A | 0% |
| Canada | 14.3 | N/A | N/A | N/A | 0% |
| Others | 21.6 | 13.5 | 22.8 | 106 | 69.9% |
| Total | 204 | 104 | 205 | 313 | 15.3% |
Top Suppliers of Iron and Steel to Germany in 2022:
- Netherlands (202.2K tons)
- Austria (25.2K tons)
- Sweden (24.2K tons)
- Norway (16.5K tons)
- Belgium (9.4K tons)
- France (9.0K tons)
- Italy (5.6K tons)
- Russia (4.2K tons)
- Ukraine (0.1K tons)
Iron and Steel Exports in Germany
In 2022, overseas shipments of iron and steel decreased by -15% to 210K tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43%. As a result, the exports reached the peak of 295K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, iron and steel exports surged to $162M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron and Steel in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.6 | 6.9 | 20.9 | 25.7 | 44.0% |
| Poland | 13.8 | 17.8 | 17.7 | 19.7 | 12.6% |
| France | 9.7 | 8.4 | 18.0 | 16.5 | 19.4% |
| Czech Republic | 5.0 | 6.3 | 10.3 | 11.6 | 32.4% |
| Turkey | 17.4 | 29.8 | 27.4 | 5.7 | -31.1% |
| Belgium | 2.9 | 2.9 | 3.3 | 5.6 | 24.5% |
| Austria | 2.1 | 1.7 | 3.4 | 5.4 | 37.0% |
| Switzerland | 4.4 | 3.7 | 5.4 | 5.0 | 4.4% |
| Slovakia | N/A | 0.1 | 1.1 | 4.4 | 563.3% |
| Netherlands | 6.3 | 2.5 | 4.4 | 3.1 | -21.1% |
| Taiwan (Chinese) | 0.4 | 0.5 | 3.5 | 2.2 | 76.5% |
| Vietnam | N/A | N/A | 1.4 | 1.7 | 21.4% |
| Oman | N/A | N/A | 0.1 | 1.5 | 1400.0% |
| Others | 19.2 | 26.8 | 22.0 | 54.3 | 41.4% |
| Total | 90.0 | 108 | 139 | 162 | 21.6% |
Top Export Markets for Iron and Steel from Germany in 2022:
- Italy (31.2K tons)
- Poland (27.9K tons)
- France (21.9K tons)
- Czech Republic (14.5K tons)
- Turkey (10.1K tons)
- Belgium (6.9K tons)
- Austria (6.3K tons)
- Switzerland (6.0K tons)
- Slovakia (4.7K tons)
- Netherlands (4.1K tons)
- Oman (3.5K tons)
- Taiwan (Chinese) (3.1K tons)
- Vietnam (3.0K tons)
This report provides an in-depth analysis of the iron and steel market in Germany. 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:
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
-
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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