United Kingdom - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in the UK - 2023
Contents:
- Non-Alloy Steel U-Section Price in the UK (CIF) - 2022
- Non-Alloy Steel U-Section Price in the UK (FOB) - 2022
- Non-Alloy Steel U-Section Imports in the UK
- Non-Alloy Steel U-Section Exports in the UK
Non-Alloy Steel U-Section Price in the UK (CIF) - 2022
In 2022, the average non-alloy steel u-section import price amounted to $1,153 per ton, surging by 28% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +101.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($1,263 per ton) and Spain ($1,261 per ton), while the price for Ireland ($861 per ton) and Turkey ($1,109 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel U-Section Price in the UK (FOB) - 2022
The average non-alloy steel u-section export price stood at $1,215 per ton in 2022, with an increase of 12% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by +109.7% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,482 per ton), while the average price for exports to the United Arab Emirates ($999 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 the Netherlands (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Alloy Steel U-Section Imports in the UK
In 2022, imports of u-sections of non-alloy steel into the UK fell slightly to 60K tons, which is down by -3.3% on the previous year. In general, imports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. As a result, imports attained the peak of 62K tons, and then fell slightly in the following year.
In value terms, non-alloy steel u-section imports skyrocketed to $69M in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 234%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Alloy Steel U-Section in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.1 | 0.6 | 16.1 | 31.4 | 579.7% |
| Spain | 29.0 | 13.3 | 33.1 | 27.4 | -1.9% |
| Ireland | 1.6 | 1.0 | 1.4 | 5.2 | 48.1% |
| Germany | 4.0 | 1.5 | 3.5 | 4.0 | 0.0% |
| Others | 1.2 | 0.4 | 1.8 | 1.1 | -2.9% |
| Total | 36.0 | 16.7 | 55.9 | 69.0 | 24.2% |
Top Suppliers of Non-Alloy Steel U-Section to the UK in 2022:
- Turkey (28.3K tons)
- Spain (21.7K tons)
- Ireland (6.1K tons)
- Germany (3.2K tons)
Non-Alloy Steel U-Section Exports in the UK
Non-alloy steel u-section exports from the UK surged to 16K tons in 2022, picking up by 40% on the previous year's figure. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 44%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, non-alloy steel u-section exports surged to $20M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Alloy Steel U-Section in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.1 | N/A | N/A | 9.6 | 357.9% |
| Ireland | 5.2 | 6.3 | 9.9 | 5.2 | 0.0% |
| United States | 0.1 | 0.5 | 0.7 | 0.9 | 108.0% |
| United Arab Emirates | 0.2 | 0.9 | 0.3 | 0.7 | 51.8% |
| Singapore | 0.6 | 0.4 | N/A | 0.1 | -45.0% |
| Hong Kong SAR | 0.8 | 0.7 | 0.4 | N/A | -29.3% |
| Germany | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 2.2 | 1.1 | 3.1 | 51.0% |
| Total | 8.3 | 11.1 | 12.5 | 19.6 | 33.2% |
Top Export Markets for Non-Alloy Steel U-Section from the UK in 2022:
- Singapore (undefinedK tons)
- Germany (undefinedK tons)
- Hong Kong SAR (undefinedK tons)
- Turkey (8.6K tons)
- Ireland (4.4K tons)
- United Arab Emirates (0.7K tons)
- United States (0.4K tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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
-
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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