EU: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in the EU

After three years of growth, the EU iron or steel towers market decreased by X% to $X in 2023. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Iron Or Steel Towers And Lattice Masts in the EU

In value terms, iron or steel towers production reduced to $X in 2023 estimated in export price. Overall, production saw a slight setback. The growth pace was the most rapid in 2022 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in the EU

After two years of decline, shipments abroad of iron or steel towers and lattice masts increased by X% to X tons in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, iron or steel towers exports soared to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Spain (X tons) were the main exporters of iron or steel towers and lattice masts in 2023, recording near X% and X% of total exports, respectively. The Netherlands (X tons) ranks next in terms of the total exports with a X% share, followed by Portugal (X%), Italy (X%) and Denmark (X%). Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel towers supplying countries in the European Union were Spain ($X), Germany ($X) and Denmark ($X), with a combined X% share of total exports. The Netherlands, Italy, Portugal and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Netherlands, 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

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in the EU

Iron or steel towers imports declined to X tons in 2023, with a decrease of X% on the previous year's figure. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, iron or steel towers imports skyrocketed to $X in 2023. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Germany (X tons), distantly followed by Finland (X tons), France (X tons), Poland (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons) were the major importers of iron or steel towers and lattice masts, together mixing up X% of total imports. Sweden (X tons), Portugal (X tons), Austria (X tons), Belgium (X tons), the Czech Republic (X tons) and Denmark (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel towers and lattice masts in the European Union, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per ton), while Spain ($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 more modest paces of growth.

Source: IndexBox Platform