Europe: Market for Flat Hot-Rolled Steel in Coils 2024

Market Size for Flat Hot-Rolled Steel in Coils in Europe

The Europe flat hot-rolled steel coils market reached $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Flat Hot-Rolled Steel in Coils in Europe

In value terms, flat hot-rolled steel coils production totaled $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Flat Hot-Rolled Steel in Coils

Exports in Europe

Flat hot-rolled steel coils exports contracted to X tons in 2023, reducing by X% against the year before. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, flat hot-rolled steel coils exports declined to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Russia (X tons), Germany (X tons), Belgium (X tons) and France (X tons), together amounting to X% of total export. The Netherlands (X tons) held the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. X% share of total exports. Ukraine (X tons), Austria (X tons), Sweden (X tons), Italy (X tons), Poland (X tons) and Serbia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest flat hot-rolled steel coils supplying countries in Europe were Russia ($X), Germany ($X) and Belgium ($X), with a combined X% share of total exports. France, the Netherlands, Slovakia, Ukraine, Austria, Sweden, Italy, Poland and Serbia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Serbia, 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

The export price in Europe stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

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 Sweden ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Imports of Flat Hot-Rolled Steel in Coils

Imports in Europe

In 2023, imports of flat hot-rolled steel in coils in Europe was estimated at X tons, with an increase of X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, flat hot-rolled steel coils imports reduced to $X in 2023. Over the period under review, imports enjoyed a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Italy (X tons), distantly followed by Spain (X tons), Poland (X tons), Germany (X tons), Belgium (X tons) and France (X tons) were the largest importers of flat hot-rolled steel in coils, together making up X% of total imports. Portugal (X tons), the Netherlands (X tons), Russia (X tons), the UK (X tons), the Czech Republic (X tons), Austria (X tons) and Hungary (X tons) held a little share of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%), Russia (X%), Portugal (X%), Poland (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The UK, the Czech Republic and Austria experienced a relatively flat trend pattern. By contrast, Belgium (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. Italy (X p.p.), Poland (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium, Germany and France saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Spain ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Germany, Belgium, France, the Netherlands, Portugal, the UK, Russia, Austria, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, 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 more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Austria ($X per ton), while Russia ($X per ton) and Italy ($X per ton) were 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