Benelux: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Benelux

The Benelux hot-rolled silico-manganese steel bar market shrank to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Benelux

In value terms, hot-rolled silico-manganese steel bar production shrank to $X in 2023 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports in Benelux

In 2023, hot-rolled silico-manganese steel bar exports in Benelux soared to X tons, picking up by X% compared with the previous year's figure. Over the period under review, exports enjoyed a strong increase. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2023. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Belgium prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), making up a X% share of total exports.

Belgium was also the fastest-growing in terms of the hot-rolled bars of silico-manganese steel exports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium increased by X percentage points.

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

From 2012 to 2023, the average annual growth rate of value in Belgium totaled X%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports in Benelux

In 2023, purchases abroad of hot-rolled bars of silico-manganese steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a sharp decrease. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports fell remarkably to $X in 2023. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The Netherlands represented the key importer of hot-rolled bars of silico-manganese steel in Benelux, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Belgium (X tons), constituting a X% share of total imports. Luxembourg (X tons) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported hot-rolled bars of silico-manganese steel in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price enjoyed a prominent expansion. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform