Eastern Europe: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Eastern Europe

The East European steel plaited band market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Steel Plaited Band Production in Eastern Europe

In value terms, steel plaited band production soared to $X in 2022 estimated in export price. The total production indicated a resilient 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, production increased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Steel Plaited Band Exports

Exports in Eastern Europe

In 2022, shipments abroad of iron or steel plaited bands and slings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports stood at $X in 2022. Over the period under review, exports posted a measured increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland was the main exporter of iron or steel plaited bands and slings in Eastern Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Russia (X tons) ranks second in terms of the total exports with an X% share, followed by Slovakia (X%). The following exporters - Hungary (X tons), the Czech Republic (X tons), Romania (X tons) and Lithuania (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band exports from Poland stood at X%. At the same time, Hungary (X%), the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%), Russia (X%) and Romania (X%) illustrated a downward trend over the same period. Poland (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Russia and Romania saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest steel plaited band supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

In Poland, steel plaited band exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Steel Plaited Band Imports

Imports in Eastern Europe

In 2022, approx. X tons of iron or steel plaited bands and slings were imported in Eastern Europe; which is down by X% on 2021. Overall, imports saw a noticeable descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports reduced slightly to $X in 2022. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Romania (X tons), the Czech Republic (X tons), Hungary (X tons) and Slovakia (X tons), together mixing up a X% share of total imports. Bulgaria (X tons) held a relatively small share of total imports.

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

In value terms, Poland ($X), Romania ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Romania, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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 Slovakia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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