United Kingdom: Iron Angle Market Overview 2021

Iron Angle Market Size in the UK

In 2019, after two years of growth, there was decline in the UK iron angle market, when its value decreased by -X% to $X. Overall, consumption saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Iron angle consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Iron Angle Production in the UK

In value terms, iron angle production dropped dramatically to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Iron angle production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Iron Angle Exports

Exports from the UK

In 2019, approx. X tonnes of angles, shapes and sections (of iron or non-alloy steel) were exported from the UK; with a decrease of -X% on the year before. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, iron angle exports declined rapidly to $X in 2019. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for iron angle exports from the UK, with a X% share of total exports. Moreover, iron angle exports to Ireland exceeded the volume sent to the second major destination, Turkey (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Ireland stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Germany (-X% per year).

In value terms, Ireland ($X) emerged as the key foreign market for iron angle exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Ireland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Canada (+X% per year).

Export Prices by Country

In 2019, the average iron angle export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the countries with the highest prices were France ($X per tonne) and Belgium ($X per tonne), while the average price for exports to Turkey ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Iron Angle Imports

Imports into the UK

Iron angle imports into the UK shrank to X tonnes in 2019, which is down by -X% on the previous year's figure. Overall, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, iron angle imports plummeted to $X in 2019. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest iron angle supplier to the UK, with a X% share of total imports. Moreover, iron angle imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain totaled +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 ($X) constituted the largest supplier of iron angle to the UK, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2019, 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 2019, the average iron angle import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Ireland ($X per tonne) and Germany ($X per tonne), while the price for Spain ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for angles, shapes and sections (of iron or non-alloy steel) in the world?

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China (94M tonnes) remains the largest iron angle consuming country worldwide, accounting for 62% of total volume. Moreover, iron angle consumption in China exceeded the figures recorded by the second-largest consumer, India (8.7M tonnes), more than tenfold. Iran (6.9M tonnes) ranked third in terms of total consumption with a 4.5% share.

What are the largest producers of angles, shapes and sections (of iron or non-alloy steel) in the world?

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China (95M tonnes) remains the largest iron angle producing country worldwide, comprising approx. 62% of total volume. Moreover, iron angle production in China exceeded the figures recorded by the second-largest producer, India (8.7M tonnes), more than tenfold. The third position in this ranking was occupied by Iran (6.9M tonnes), with a 4.5% share.

What are the leading suppliers of angles, shapes and sections (of iron or non-alloy steel) to the UK?

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In value terms, Spain ($237M) constituted the largest supplier of iron angle to the UK, comprising 55% of total imports. The second position in the ranking was occupied by Germany ($99M), with a 23% share of total imports. It was followed by Turkey, with a 8.5% share.

What are the leading importers of angles, shapes and sections (of iron or non-alloy steel) from the UK?

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In value terms, Ireland ($65M) emerged as the key foreign market for iron angle exports from the UK, comprising 40% of total exports. The second position in the ranking was occupied by Turkey ($21M), with a 13% share of total exports. It was followed by Canada, with a 10% share.

What is the average export price for angles, shapes and sections (of iron or non-alloy steel) in the UK?

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In 2019, the average iron angle export price amounted to $732 per tonne, rising by 9.4% against the previous year.

What is the average import price for angles, shapes and sections (of iron or non-alloy steel) in the UK?

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The average iron angle import price stood at $640 per tonne in 2019, reducing by -4% against the previous year.