United Kingdom: Iron Angle Market Overview 2021

Iron Angle Market Size in the UK

In 2020, the UK iron angle market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Iron angle consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Iron Angle Production in the UK

In value terms, iron angle production surged to $X in 2020 estimated in export prices. Over the period under review, production faced a drastic downturn. Iron angle production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Iron Angle Exports

Exports from the UK

In 2020, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) increased by X% to X tonnes for the first time since 2016, thus ending a three-year declining trend. Overall, exports, however, showed a perceptible setback. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, iron angle exports skyrocketed to $X in 2020. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Ireland (X tonnes), Germany (X tonnes) and the Netherlands (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 Italy, Turkey, Portugal, Canada, Mexico, Belgium, Denmark, France and Hong Kong SAR, which together accounted for a further X 2007 to 2020, the biggest increases were in Canada, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron angle exported from the UK were Ireland ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. These countries were followed by Italy, Canada, Portugal, Mexico, Turkey, France, Belgium, Denmark and Hong Kong SAR, which together accounted for a further X terms of the main countries of destination, Canada saw the highest rates of growth with regard to 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 2020, the average iron angle export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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

In 2020, approx. X tonnes of angles, shapes and sections (of iron or non-alloy steel) were imported into the UK; declining by -X% against 2019. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, iron angle imports reduced remarkably to $X in 2020. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest supplier of iron angle to the UK, accounting for a X% share of total imports. Moreover, iron angle imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fourfold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, 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 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 2020, the average annual growth rate 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 2020, the average iron angle import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per tonne), while the price for Greece ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox 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 (101M tonnes) remains the largest iron angle consuming country worldwide, comprising approx. 61% of total volume. Moreover, iron angle consumption in China exceeded the figures recorded by the second-largest consumer, India (9.1M tonnes), more than tenfold. The third position in this ranking was occupied by Iran (6.6M tonnes), with a 4% 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 (102M tonnes) constituted the country with the largest volume of iron angle production, comprising approx. 62% of total volume. Moreover, iron angle production in China exceeded the figures recorded by the second-largest producer, India (9.2M tonnes), more than tenfold. Iran (6.6M tonnes) ranked third in terms of total production with a 4% 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 ($128M) constituted the largest supplier of iron angle to the UK, comprising 56% of total imports. The second position in the ranking was occupied by Germany ($40M), with a 18% share of total imports. It was followed by Turkey, with a 7.8% 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 ($59M), Germany ($36M) and the Netherlands ($15M) constituted the largest markets for iron angle exported from the UK worldwide, with a combined 56% share of total exports. Italy, Canada, Portugal, Mexico, Turkey, France, Belgium, Denmark and Hong Kong SAR lagged somewhat behind, together accounting for a further 30%.

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

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The average iron angle export price stood at $651 per tonne in 2020, reducing by -12.9% 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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In 2020, the average iron angle import price amounted to $569 per tonne, which is down by -10.9% against the previous year.