Slovakia: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Slovakia

For the fourth year in a row, the Slovak cold-rolled steel products market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a buoyant 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, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cold-Rolled Steel Products Production in Slovakia

In value terms, cold-rolled steel products production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cold-Rolled Steel Products Exports

Exports from Slovakia

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported from Slovakia contracted rapidly to X tons, with a decrease of X% on the previous year. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cold-rolled steel products exports fell to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Romania (X tons) were the main destinations of cold-rolled steel products exports from Slovakia, together accounting for X% of total exports. Hungary, Austria, Germany and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) constituted the largest markets for cold-rolled steel products exported from Slovakia worldwide, with a combined X% share of total exports. Romania, Austria, Germany and Italy lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw 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

In 2022, the average cold-rolled steel products export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, 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, cold-rolled steel products export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Austria ($X per ton), while the average price for exports to Romania ($X per ton) and Italy ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Slovakia

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) imported into Slovakia contracted notably to X tons, dropping by X% compared with the previous year. Over the period under review, total imports indicated a notable expansion 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 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, cold-rolled steel products imports fell slightly to $X in 2022. Overall, total imports indicated resilient 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cold-rolled steel products to Slovakia, with a X% share of total imports. Moreover, cold-rolled steel products imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and South Korea (X% per year).

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Slovakia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Austria, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Austria (X% per year).

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated notable 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, cold-rolled steel products import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Serbia ($X per ton) was 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

Frequently Asked Questions (FAQ) :