Italy: Iron Angle Market 2024

Iron Angle Market Size in Italy

The Italian iron angle market declined markedly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption faced a abrupt slump. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Iron Angle Production in Italy

In value terms, iron angle production contracted significantly to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Iron Angle Exports

Exports from Italy

Iron angle exports from Italy shrank notably to X tons in 2022, which is down by X% compared with the previous year's figure. In general, exports continue to indicate a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron angle exports totaled $X in 2022. Over the period under review, 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 was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for iron angle exports from Italy, with a X% share of total exports. Moreover, iron angle exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Poland (X% per year).

In value terms, Germany ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Italy, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a moderate 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, iron angle export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Switzerland ($X per ton), while the average price for exports to Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Italy

In 2022, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Italy rose sharply to X tons, surging by X% against the year before. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, iron angle imports skyrocketed to $X in 2022. In general, imports recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), Germany (X tons) and Luxembourg (X tons) were the main suppliers of iron angle imports to Italy, together comprising X% of total imports. Turkey, Switzerland, Romania and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest iron angle suppliers to Italy were Spain ($X), Germany ($X) and Luxembourg ($X), with a combined X% share of total imports. Turkey, Switzerland, Romania and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Romania, with a CAGR of X%, saw 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 iron angle import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, 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, iron angle import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Switzerland ($X per ton), while the price for Turkey ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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