United Kingdom: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in the UK

The UK market for welded and cold-formed sections of steel reached $X in 2022, increasing by X% against the previous year. In general, consumption recorded buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Welded And Cold-Formed Sections Of Steel in the UK

In value terms, welded and cold-formed steel sections production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. Welded and cold-formed steel sections production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Welded And Cold-Formed Sections Of Steel

Exports from the UK

In 2022, the amount of welded and cold-formed sections of steel exported from the UK fell to X tons, declining by X% compared with the year before. The total export 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 pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, welded and cold-formed steel sections exports surged to $X in 2022. In general, total exports indicated prominent growth 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for welded and cold-formed steel sections exports from the UK, with a X% share of total exports. Moreover, welded and cold-formed steel sections exports to Ireland exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Czech Republic (X% per year).

In value terms, the largest markets for welded and cold-formed steel sections exported from the UK were Ireland ($X), the United States ($X) and France ($X), together comprising X% of total exports. Canada, Saint Helena, Ascension and Tristan da Cunha, the Czech Republic, Germany, India, Falkland Islands (Malvinas), the Netherlands, Australia, Norway and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for welded and cold-formed sections of steel stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a noticeable 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. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saint Helena, Ascension and Tristan da Cunha (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into the UK

Welded and cold-formed steel sections imports into the UK surged to X tons in 2022, growing by X% against 2021 figures. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, welded and cold-formed steel sections imports soared to $X in 2022. Over the period under review, total imports indicated a prominent 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Ireland (X tons) constituted the largest welded and cold-formed steel sections supplier to the UK, with a X% share of total imports. Moreover, welded and cold-formed steel sections imports from Ireland exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by France (X tons), with a X% share.

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

In value terms, Ireland ($X) constituted the largest supplier of welded and cold-formed sections of steel to the UK, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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