Overview of the Global Market for Welded And Cold-Formed Sections Of Steel

Market Size for Welded And Cold-Formed Sections Of Steel

The global market for welded and cold-formed sections of steel rose significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel

In value terms, welded and cold-formed steel sections production rose to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Welded And Cold-Formed Sections Of Steel

Exports

Global welded and cold-formed steel sections exports surged to X tons in 2022, growing by X% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The global exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Oman (X tons), distantly followed by Germany (X tons), Bahrain (X tons), Spain (X tons), Poland (X tons) and the United States (X tons) represented the largest exporters of welded and cold-formed sections of steel, together committing X% of total exports. The United Arab Emirates (X tons), China (X tons), Ireland (X tons), Saudi Arabia (X tons), India (X tons), Bulgaria (X tons) and Romania (X tons) followed a long way behind the leaders.

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

In value terms, the largest welded and cold-formed steel sections supplying countries worldwide were Poland ($X), Germany ($X) and the United States ($X), with a combined X% share of global exports. Spain, the United Arab Emirates, China, Bahrain, Ireland, Romania, India, Oman, Bulgaria and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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 Poland ($X per ton), while Oman ($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 United Arab Emirates (X%), while the other global leaders experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports

In 2022, approx. X tons of welded and cold-formed sections of steel were imported worldwide; with an increase of X% on the previous year. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, global imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ireland was the major importer of welded and cold-formed sections of steel in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), creating a X% share of total imports. The UK (X tons), the United Arab Emirates (X tons), Germany (X tons), France (X tons), South Korea (X tons), Spain (X tons), Denmark (X tons), Iraq (X tons), China (X tons), the United States (X tons) and the Czech Republic (X tons) held a little share of total imports.

Ireland was also the fastest-growing in terms of the welded and cold-formed sections of steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Iraq (X%), the UK (X%), Germany (X%), France (X%), the United Arab Emirates (X%), Denmark (X%), the Czech Republic (X%), Saudi Arabia (X%) and Spain (X%) displayed positive paces of growth. By contrast, China (X%), the United States (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Ireland (X p.p.), the UK (X p.p.), Saudi Arabia (X p.p.), Iraq (X p.p.), Germany (X p.p.), France (X p.p.), the United Arab Emirates (X p.p.) and Denmark (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (X p.p.), the United States (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest welded and cold-formed steel sections importing markets worldwide were Germany ($X), Ireland ($X) and France ($X), with a combined X% share of global imports. The UK, Saudi Arabia, Denmark, Iraq, the United States, Spain, China, South Korea, the United Arab Emirates and the Czech Republic lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for welded and cold-formed sections of steel stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Global import price peaked at $X per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Ireland ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :