Benelux: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Benelux

The Benelux hot-rolled steel products market surged to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Hot-Rolled Steel Products Production in Benelux

In value terms, hot-rolled steel products production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed noticeable growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hot-Rolled Steel Products Exports

Exports in Benelux

Hot-rolled steel products exports dropped to X tons in 2022, which is down by X% on 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, hot-rolled steel products exports soared to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by the Netherlands (X tons), creating a X% share of total exports.

Belgium was also the fastest-growing in terms of the flat-rolled products of iron or steel (not further worked than hot-rolled) exports, with a CAGR of X% from 2012 to 2022. The Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest hot-rolled steel products supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

In Belgium, hot-rolled steel products exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel products export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Hot-Rolled Steel Products Imports

Imports in Benelux

After two years of growth, overseas purchases of flat-rolled products of iron or steel (not further worked than hot-rolled) decreased by X% to X tons in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, hot-rolled steel products imports totaled $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates imports structure, together generating X% of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest hot-rolled steel products importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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