EU: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in the EU

The EU market for raw steel and steel semi-finished products fell slightly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in the EU

In value terms, production of raw steel and steel semi-finished products expanded modestly to $X in 2022 estimated in export price. The total production 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in the EU

In 2022, exports of raw steel and steel semi-finished products in the European Union shrank notably to X tons, with a decrease of X% against the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum 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 reached $X in 2022. Overall, exports continue to indicate a perceptible contraction. 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

Germany was the key exporting country with an export of about X tons, which finished at X% of total exports. France (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%) and Sweden (X%). The Czech Republic (X tons), the Netherlands (X tons), Slovakia (X tons), Poland (X tons), Greece (X tons), Croatia (X tons), Belgium (X tons), Spain (X tons) and Austria (X tons) took a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of raw steel and steel semi-finished products. At the same time, Croatia (X%) and Greece (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Sweden (X%), the Czech Republic (X%), Italy (X%), Slovakia (X%), Austria (X%), Belgium (X%), France (X%), Poland (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Croatia (X p.p.), Greece (X p.p.) and Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.), the Netherlands (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest raw steel and steel semi-finished products supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Export 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, export price for raw steel and steel semi-finished products increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

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

Imports of Raw Steel And Steel Semi-Finished Products

Imports in the EU

In 2022, approx. X tons of raw steel and steel semi-finished products were imported in the European Union; falling by X% on 2021. Overall, imports recorded a mild curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products fell slightly to $X in 2022. In general, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Italy (X tons), distantly followed by Belgium (X tons), France (X tons), Denmark (X tons), Poland (X tons), Spain (X tons), Germany (X tons) and Bulgaria (X tons) were the largest importers of raw steel and steel semi-finished products, together creating X% of total imports.

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

In value terms, Italy ($X) constitutes the largest market for imported raw steel and steel semi-finished products in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

In Italy, imports of raw steel and steel semi-finished products increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Import price indicated a notable 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 growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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