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

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

The Europe market for raw steel and steel semi-finished products reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of raw steel and steel semi-finished products soared to $X in 2022 estimated in export price. Overall, production, however, posted a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. 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 Europe

In 2022, the amount of raw steel and steel semi-finished products exported in Europe fell significantly to X tons, shrinking by X% compared with 2021 figures. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of raw steel and steel semi-finished products shrank to $X in 2022. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia prevails in products structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Ukraine (X tons) and Germany (X tons), together committing a X% share of total exports. The following exporters - France (X tons), Italy (X tons), the UK (X tons) and Sweden (X tons) - together made up X% of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of raw steel and steel semi-finished products. Germany experienced a relatively flat trend pattern. Sweden (X%), Italy (X%), France (X%), the UK (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Germany increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, exports of raw steel and steel semi-finished products increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a perceptible expansion 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 growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Imports of Raw Steel And Steel Semi-Finished Products

Imports in Europe

In 2022, approx. X tons of raw steel and steel semi-finished products were imported in Europe; declining by X% compared with 2021 figures. Over the period under review, imports recorded a perceptible 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, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products contracted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached 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) and Germany (X tons) represented the major importers of raw steel and steel semi-finished products, together mixing up X% of total imports. The following importers - Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons), the Netherlands (X tons), North Macedonia (X tons) and Sweden (X tons) - together made up X% of total imports.

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

In value terms, Italy ($X) constitutes the largest market for imported raw steel and steel semi-finished products in Europe, comprising X% of total imports. The second position in the ranking was held by France ($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. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. 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, 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. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while North Macedonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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