United Kingdom: Iron Angle Market Overview 2020

Iron Angle Market Size in the UK

The revenue of the iron angle market in the UK amounted to $X in 2018, growing by X% against the previous year. Overall, iron angle consumption, however, continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Iron angle consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Iron Angle Production in the UK

In value terms, iron angle production amounted to $X in 2018 estimated in export prices. Overall, iron angle production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, iron angle production reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Iron Angle Exports

Exports from the UK

In 2018, the exports of angles, shapes and sections (of iron or non-alloy steel) from the UK stood at X tonnes, going up by X% against the previous year. In general, iron angle exports, however, continue to indicate a noticeable drop. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, iron angle exports amounted to $X in 2018. Over the period under review, iron angle exports, however, continue to indicate a deep shrinkage. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, iron angle exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Turkey (X tonnes), Ireland (X tonnes) and Germany (X tonnes) were the main destinations of iron angle exports from the UK, with a combined X% share of total exports. These countries were followed by the Netherlands, Canada, Mexico, Argentina, Belgium, Spain and France, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Argentina, while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Ireland ($X) and Germany ($X) constituted the largest markets for iron angle exported from the UK worldwide, with a combined X% share of total exports. Canada, the Netherlands, Argentina, Mexico, Belgium, France and Spain lagged somewhat behind, together comprising a further X the main countries of destination, Argentina recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron angle export price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the iron angle export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced mixed trend patterns.

Iron Angle Imports

Imports into the UK

Iron angle imports into the UK stood at X tonnes in 2018, increasing by X% against the previous year. Over the period under review, iron angle imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, iron angle imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, iron angle imports stood at $X in 2018. In general, iron angle imports, however, continue to indicate a drastic setback. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, iron angle imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Spain (X tonnes) constituted the largest supplier of iron angle 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), twofold. Indonesia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate 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 Indonesia (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2018, the average iron angle import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the iron angle import price, however, continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for angles, shapes and sections (of iron or non-alloy steel) reached their peak figure at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Ireland ($X per tonne) and Indonesia ($X per tonne), while the price for Germany ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Luxembourg, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform