Czech Republic: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in the Czech Republic

In 2022, the Czech hot-rolled steel products market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Hot-Rolled Steel Products Production in the Czech Republic

In value terms, hot-rolled steel products production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

Hot-Rolled Steel Products Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of flat-rolled products of iron or steel (not further worked than hot-rolled) decreased by X% to X tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, hot-rolled steel products exports contracted to $X in 2022. Over the period under review, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Poland (X tons) was the main destination for hot-rolled steel products exports from the Czech Republic, with a X% share of total exports. Moreover, hot-rolled steel products exports to Poland exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Germany (X% per year).

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) were the largest markets for hot-rolled steel products exported from the Czech Republic worldwide, with a combined X% share of total exports. Hungary, Austria and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated temperate growth 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 growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovakia ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into the Czech Republic

In 2022, hot-rolled steel products imports into the Czech Republic fell to X tons, which is down by X% compared with 2021 figures. Overall, imports, however, 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 attained the peak of X tons, and then reduced in the following year.

In value terms, hot-rolled steel products imports expanded notably to $X in 2022. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of hot-rolled steel products imports to the Czech Republic, with a combined X% share of total imports. Italy, Austria, Hungary, Belgium, Romania, the Netherlands, Slovenia, Denmark, France and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) were the largest hot-rolled steel products suppliers to the Czech Republic, together accounting for X% of total imports. Italy, Austria, Belgium, Hungary, Romania, Slovenia, France, the Netherlands, Denmark and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Denmark, with a CAGR of X%, recorded 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

The average hot-rolled steel products import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a perceptible increase 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 pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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