Overview of the Global Market for Articles Of Iron Or Steel

Market Size for Articles Of Iron Or Steel

The global steel and iron articles market amounted to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a buoyant increase 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, consumption increased by X% against 2019 indices. Over the period under review, the global market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel

In value terms, steel and iron articles production reached $X in 2022 estimated in export price. Overall, the total production 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports

In 2022, overseas shipments of articles of iron or steel increased by X% to X tons, rising for the second year in a row after two years of decline. 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, steel and iron articles exports stood at $X in 2022. Over the period under review, total exports indicated a resilient 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Germany (X tons), France (X tons), Mexico (X tons) and Italy (X tons), together achieving a X% share of total exports. The following exporters - the United States (X tons), Poland (X tons), Thailand (X tons), the Netherlands (X tons), South Korea (X tons), Austria (X tons), the Czech Republic (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, France (X%), the Netherlands (X%), Thailand (X%), Poland (X%), Turkey (X%), Austria (X%), Mexico (X%), Italy (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. South Korea, the United States and Germany experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and France increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel and iron articles supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by the United States, with an X% share.

In China, steel and iron articles exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Imports of Articles Of Iron Or Steel

Imports

In 2022, approx. X tons of articles of iron or steel were imported worldwide; growing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, steel and iron articles imports expanded notably to $X in 2022. The total import value 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 appeared the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X tons), followed by the United States (X tons), Germany (X tons) and Thailand (X tons) were the major importers of articles of iron or steel, together achieving X% of total imports. France (X tons), South Korea (X tons), Japan (X tons), Vietnam (X tons), Austria (X tons), the Netherlands (X tons), Poland (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. Thailand, Vietnam, France, South Korea, Japan, the Netherlands, Austria, Poland, Italy and Spain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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