Slovakia - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Slovakia - 2023
Contents:
- Iron and Steel Price in Slovakia (CIF) - 2022
- Iron and Steel Price in Slovakia (FOB) - 2022
- Iron and Steel Imports in Slovakia
- Iron and Steel Exports in Slovakia
Iron and Steel Price in Slovakia (CIF) - 2022
The average iron and steel import price stood at $719 per ton in 2022, picking up by 17% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +84.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($965 per ton), while the price for Poland ($591 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Price in Slovakia (FOB) - 2022
The average iron and steel export price stood at $344 per ton in 2022, reducing by -29.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 102% against the previous year. As a result, the export price reached the peak level of $730 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($726 per ton), while the average price for exports to Italy ($446 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 Italy (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.
Iron and Steel Imports in Slovakia
In 2022, approx. 24K tons of iron and steel were imported into Slovakia; with a decrease of -16.4% against the previous year's figure. Over the period under review, imports saw a deep setback. The smallest decline of -2.6% was in 2020.
In value terms, iron and steel imports declined slightly to $17M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $17M, and then declined modestly in the following year.
| Import of Iron and Steel in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 0.1 | 2.1 | 4.3 | 92.8% |
| Ukraine | 0.2 | 1.3 | 2.9 | 3.3 | 154.6% |
| Poland | 0.9 | 5.4 | 7.0 | 1.7 | 23.6% |
| Czech Republic | 6.0 | 5.6 | 4.2 | 1.4 | -38.4% |
| Austria | 0.7 | 0.1 | 0.8 | 1.3 | 22.9% |
| Russia | 6.3 | 0.9 | 0.4 | N/A | -74.8% |
| Others | 0.7 | N/A | 0.1 | 5.1 | 93.9% |
| Total | 15.4 | 13.5 | 17.5 | 17.1 | 3.6% |
Top Suppliers of Iron and Steel to Slovakia in 2022:
- Ukraine (4.7K tons)
- Germany (4.5K tons)
- Poland (2.9K tons)
- Czech Republic (1.8K tons)
- Austria (1.7K tons)
Iron and Steel Exports in Slovakia
For the fourth consecutive year, Slovakia recorded growth in shipments abroad of iron and steel, which increased by 50% to 37K tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, iron and steel exports expanded markedly to $13M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 179% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Iron and Steel in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 0.7 | 2.2 | 7.2 | 220.7% |
| Hungary | 0.1 | 0.4 | 0.2 | 0.3 | 44.2% |
| Czech Republic | 0.7 | 0.4 | 1.4 | 0.1 | -47.7% |
| Croatia | 0.2 | 2.4 | 8.1 | N/A | 536.4% |
| Romania | 0.5 | 0.3 | N/A | N/A | -40.0% |
| Others | 0.2 | 0.3 | 0.3 | 5.4 | 200.0% |
| Total | 1.6 | 4.6 | 12.2 | 12.9 | 100.5% |
Top Export Markets for Iron and Steel from Slovakia in 2022:
- Romania (undefinedK tons)
- Italy (16.1K tons)
- Hungary (0.4K tons)
- Czech Republic (0.1K tons)
This report provides an in-depth analysis of the iron and steel market in Slovakia. 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:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- 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
396
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This report provides an in-depth analysis of the iron and steel market in Slovakia.
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