Italy: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Italy

The Italian non-alloy steel u-section market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in Italy

In value terms, non-alloy steel u-section production dropped to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Non-alloy steel u-section production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Alloy Steel U-Section Exports

Exports from Italy

Non-alloy steel u-section exports from Italy declined to X tons in 2022, waning by X% on the previous year's figure. Overall, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for non-alloy steel u-section exports from Italy, accounting for a X% share of total exports. Moreover, non-alloy steel u-section exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

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

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

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

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

Non-Alloy Steel U-Section Imports

Imports into Italy

In 2022, approx. X tons of u-sections of non-alloy steel were imported into Italy; increasing by X% compared with 2021 figures. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of non-alloy steel u-section to Italy, with a X% share of total imports. Moreover, non-alloy steel u-section imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, Spain ($X) constituted the largest supplier of u-sections of non-alloy steel to Italy, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a temperate 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, non-alloy steel u-section import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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