Spain: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Spain

The Spanish cold-rolled steel products market surged to $X in 2022, increasing by X% against the previous year. In general, consumption posted a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Cold-Rolled Steel Products Production in Spain

In value terms, cold-rolled steel products production totaled $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The growth pace was the most rapid in 2015 when the production volume decreased by X%. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in years to come.

Cold-Rolled Steel Products Exports

Exports from Spain

In 2022, cold-rolled steel products exports from Spain declined to X tons, waning by X% on the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cold-rolled steel products exports expanded remarkably to $X in 2022. Overall, total exports indicated a perceptible expansion 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. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of cold-rolled steel products exports from Spain, together comprising X% of total exports. France, Poland, Turkey, the UK, Morocco, Sweden, Algeria and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for cold-rolled steel products exported from Spain were Germany ($X), Portugal ($X) and Italy ($X), with a combined X% share of total exports.

Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, rising by X% against the previous year. Overall, export price indicated a perceptible 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to China ($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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Spain

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were imported into Spain; which is down by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cold-rolled steel products imports soared to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

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

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

In value terms, the largest cold-rolled steel products suppliers to Spain were Germany ($X), Italy ($X) and France ($X), together accounting for X% of total imports. India, South Korea, the UK, Turkey, Belgium, Taiwan (Chinese), the Netherlands, Sweden, Portugal and Japan lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a prominent 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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