Spain - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Spain - 2023
Contents:
- Price for Steel and Iron Articles in Spain (FOB) - 2023
- Price for Steel and Iron Articles in Spain (CIF) - 2023
- Exports of Steel and Iron Articles in Spain
- Imports of Steel and Iron Articles in Spain
Price for Steel and Iron Articles in Spain (FOB) - 2023
The average steel and iron articles export price stood at $5,317 per ton in August 2023, falling by -3.2% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2023 an increase of 26% m-o-m. As a result, the export price reached the peak level of $5,928 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($9,753 per ton), while the average price for exports to Estonia ($1,510 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel and Iron Articles in Spain (CIF) - 2023
In August 2023, the average steel and iron articles import price amounted to $4,363 per ton, flattening at the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 13% against the previous month. Over the period under review, average import prices reached the peak figure at $4,386 per ton in July 2023, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($14,296 per ton), while the price for the UK ($1,344 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel and Iron Articles in Spain
In 2022, approx. 249K tons of articles of iron or steel were exported from Spain; growing by 11% against the year before. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, steel and iron articles exports expanded to $1.2B in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Steel and Iron Articles in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 138 | 147 | 200 | 222 | 17.2% |
| Germany | 149 | 158 | 159 | 164 | 3.2% |
| Portugal | 55.5 | 46.1 | 61.0 | 72.7 | 9.4% |
| United Kingdom | 33.3 | 28.3 | 60.5 | 70.3 | 28.3% |
| Netherlands | 18.8 | 18.7 | 47.1 | 55.5 | 43.5% |
| Morocco | 29.4 | 45.7 | 44.1 | 53.0 | 21.7% |
| Denmark | 16.7 | 14.2 | 19.5 | 48.5 | 42.7% |
| Poland | 36.7 | 33.9 | 39.2 | 44.4 | 6.6% |
| Mexico | 20.9 | 23.1 | 40.1 | 41.2 | 25.4% |
| Italy | 26.1 | 24.7 | 35.2 | 34.4 | 9.6% |
| Czech Republic | 22.5 | 21.1 | 31.4 | 32.4 | 12.9% |
| Turkey | 11.5 | 13.6 | 26.3 | 19.8 | 19.9% |
| Andorra | 2.4 | 3.1 | 7.3 | 6.5 | 39.4% |
| Others | 371 | 306 | 371 | 316 | -5.2% |
| Total | 932 | 884 | 1,142 | 1,182 | 8.2% |
Top Export Markets for Steel and Iron Articles from Spain in 2022:
- France (46.4K tons)
- Germany (29.5K tons)
- Morocco (20.8K tons)
- United Kingdom (20.2K tons)
- Portugal (16.6K tons)
- Denmark (14.3K tons)
- Netherlands (9.5K tons)
- Mexico (7.6K tons)
- Turkey (7.3K tons)
- Czech Republic (7.0K tons)
- Poland (6.1K tons)
- Italy (5.6K tons)
- Andorra (4.4K tons)
Imports of Steel and Iron Articles in Spain
Steel and iron articles imports into Spain was estimated at 275K tons in 2022, growing by 1.8% against the year before. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, steel and iron articles imports expanded rapidly to $1.1B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel and Iron Articles in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 150 | 142 | 205 | 228 | 15.0% |
| Germany | 148 | 128 | 204 | 226 | 15.2% |
| Italy | 101 | 96.2 | 127 | 124 | 7.1% |
| Portugal | 95.5 | 81.6 | 81.3 | 87.2 | -3.0% |
| France | 47.5 | 58.2 | 72.7 | 75.4 | 16.7% |
| Turkey | 19.7 | 16.9 | 23.5 | 30.5 | 15.7% |
| United Kingdom | 15.8 | 11.2 | 17.7 | 26.6 | 19.0% |
| Others | 196 | 192 | 268 | 279 | 12.5% |
| Total | 773 | 727 | 1,000 | 1,076 | 11.7% |
Top Suppliers of Steel and Iron Articles to Spain in 2022:
- Germany (68.5K tons)
- China (65.6K tons)
- Portugal (30.8K tons)
- Italy (27.7K tons)
- France (16.2K tons)
- Turkey (8.8K tons)
- United Kingdom (5.6K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Spain. 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 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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