Germany: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in Germany

In 2023, after two years of growth, there was decline in the German flat-rolled steel products market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2022, and then shrank in the following year.

Flat-Rolled Steel Products Production in Germany

In value terms, flat-rolled steel products production shrank remarkably to $X in 2023 estimated in export price. In general, production showed a modest increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Flat-Rolled Steel Products Exports

Exports from Germany

In 2023, overseas shipments of flat-rolled products of iron or non-alloy steel were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports reduced to $X in 2023. Over the period under review, total exports indicated a modest increase from 2012 to 2023: its value 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. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for flat-rolled steel products exports from Germany, accounting for a X% share of total exports. Moreover, flat-rolled steel products exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), twofold. France (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Germany, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average flat-rolled steel products export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a tangible expansion 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. Based on 2023 figures, flat-rolled steel products export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Germany

In 2023, purchases abroad of flat-rolled products of iron or non-alloy steel decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, flat-rolled steel products imports declined markedly to $X in 2023. Overall, total imports indicated a tangible expansion from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of flat-rolled steel products imports to Germany, together comprising X% of total imports. Slovakia, Luxembourg, Taiwan (Chinese), Spain and China lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), the Netherlands ($X) and Belgium ($X) were the largest flat-rolled steel products suppliers to Germany, with a combined X% share of total imports. Slovakia, Luxembourg, Spain, Taiwan (Chinese) and China lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of 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 average flat-rolled steel products import price stood at $X per ton in 2023, remaining stable against the previous year. In general, import price indicated a tangible expansion 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. Based on 2023 figures, flat-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the Netherlands ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform