United Kingdom: Iron Bar Market Overview 2020

Iron Bar Market Size in the UK

The revenue of the iron bar market in the UK amounted to $X in 2018, lowering by -X% against the previous year. In general, iron bar consumption, however, continues to indicate a significant shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Iron bar consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Iron Bar Production in the UK

In value terms, iron bar production stood at $X in 2018 estimated in export prices. Over the period under review, iron bar production, however, continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Over the period under review, iron bar production attained its maximum level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Iron Bar Exports

Exports from the UK

In 2018, approx. X tonnes of bars and rods of iron or steel (hot-rolled) were exported from the UK; jumping by X% against the previous year. In general, iron bar exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, iron bar exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, iron bar exports amounted to $X in 2018. Overall, iron bar exports, however, continue to indicate a drastic deduction. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, iron bar exports reached their maximum at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tonnes), Italy (X tonnes) and Belgium (X tonnes) were the main destinations of iron bar exports from the UK, together comprising X% of total exports. Ireland, the U.S., Turkey, Spain, France, Taiwan, Chinese, the Netherlands, Sweden and Austria lagged somewhat behind, together accounting 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 Austria, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron bar exported from the UK were Germany ($X), Italy ($X) and the U.S. ($X), together accounting for X% of total exports. Belgium, Ireland, France, Spain, Turkey, the Netherlands, Sweden, Taiwan, Chinese and Austria lagged somewhat behind, together comprising a further X the main countries of destination, Taiwan, Chinese recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average iron bar export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the iron bar export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. In that year, the average export prices for bars and rods of iron or steel (hot-rolled) attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for bars and rods of iron or steel (hot-rolled) failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Taiwan, Chinese ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Iron Bar Imports

Imports into the UK

In 2018, approx. X tonnes of bars and rods of iron or steel (hot-rolled) were imported into the UK; growing by X% against the previous year. Overall, iron bar imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, iron bar imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, iron bar imports amounted to $X in 2018. Overall, iron bar imports, however, continue to indicate a temperate descent. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

Portugal (X tonnes), Turkey (X tonnes) and Germany (X tonnes) were the main suppliers of iron bar imports to the UK, with a combined X% share of total imports. These countries were followed by Spain, Ukraine, France, Belarus, the Czech Republic, Russia, Sweden, Italy and Ireland, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron bar suppliers to the UK were Portugal ($X), Germany ($X) and Turkey ($X), with a combined X% share of total imports. These countries were followed by Spain, France, Ukraine, the Czech Republic, Italy, Sweden, Belarus, Russia and Ireland, which together accounted for a further X recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron bar import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the iron bar import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform