Eastern Europe: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Eastern Europe

The East European market for raw steel and steel semi-finished products stood at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Eastern Europe

In value terms, production of raw steel and steel semi-finished products surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in Eastern Europe

In 2022, exports of raw steel and steel semi-finished products in Eastern Europe fell sharply to X tons, reducing by X% on the year before. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products contracted to $X in 2022. In general, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the largest exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Ukraine (X tons), constituting an X% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of raw steel and steel semi-finished products. Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest raw steel and steel semi-finished products supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a temperate increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

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

Imports of Raw Steel And Steel Semi-Finished Products

Imports in Eastern Europe

In 2022, approx. X tons of raw steel and steel semi-finished products were imported in Eastern Europe; waning by X% compared with the year before. Over the period under review, imports showed a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products contracted to $X in 2022. Overall, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Poland (X tons), distantly followed by Bulgaria (X tons), the Czech Republic (X tons) and Romania (X tons) represented the key importers of raw steel and steel semi-finished products, together making up X% of total imports. Hungary (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest raw steel and steel semi-finished products importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Bulgaria ($X), with a combined X% share of total imports.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a noticeable 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, import price for raw steel and steel semi-finished products increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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