Europe: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Europe

In 2022, the Europe hot-rolled steel products market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Hot-Rolled Steel Products Production in Europe

In value terms, hot-rolled steel products production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports in Europe

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were exported in Europe; which is down by X% compared with the previous year. Overall, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, hot-rolled steel products exports dropped to $X in 2022. Total exports indicated a modest increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

The shipments of the twelve major exporters of flat-rolled products of iron or steel (not further worked than hot-rolled), namely Belgium, Germany, France, Russia, the Netherlands, Italy, Slovakia, Sweden, Austria, Ukraine, Finland and Poland, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Export price indicated noticeable growth 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, hot-rolled steel products export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports in Europe

In 2022, imports of flat-rolled products of iron or steel (not further worked than hot-rolled) in Europe fell to X tons, waning by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, hot-rolled steel products imports expanded rapidly to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of flat-rolled products of iron or steel (not further worked than hot-rolled), namely Italy, Germany, Spain, Poland, France, Belgium, the Netherlands, the Czech Republic, Austria, the UK, Portugal and Russia, represented more than two-thirds of total import. Hungary (X tons) took a minor share of total imports.

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

In value terms, the largest hot-rolled steel products importing markets in Europe were Italy ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Poland, Spain, Belgium, the Netherlands, the Czech Republic, Austria, the UK, Portugal, Hungary and Russia lagged somewhat behind, together comprising a further X%.

Among 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

In 2022, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Import price indicated a pronounced 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, hot-rolled steel products import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :