Spain - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Iron Angle Exports Decrease by 26% to $134M in December 2023
Spain Iron Angle Exports
Iron angle exports from Spain dropped sharply to 166K tons in December 2023, waning by -23.9% against the month before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when exports increased by 107% m-o-m.
In value terms, iron angle exports dropped remarkably to $134M (IndexBox estimates) in December 2023. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 with an increase of 97% month-to-month.
| COUNTRY | Export Value of Iron Angle in Spain (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| United Kingdom | 15.5 | 6.3 | 19.6 | 22.9 | 27.9 | 32.0 | 32.0 | 17.8 | 11.2 | 26.0 | 25.8 | 26.5 | 22.8 |
| France | 19.9 | 43.2 | 35.8 | 46.1 | 34.9 | 31.9 | 34.4 | 29.7 | 16.0 | 34.4 | 25.9 | 30.4 | 21.4 |
| Italy | 11.7 | 13.1 | 5.2 | 18.1 | 18.1 | 19.0 | 14.3 | 11.8 | 9.1 | 17.9 | 13.8 | 16.9 | 12.3 |
| Turkey | 31.2 | 2.6 | 0.8 | 14.3 | 24.2 | 4.6 | 26.2 | 13.3 | N/A | 6.8 | N/A | 2.0 | 9.9 |
| Portugal | 12.4 | 14.4 | 13.1 | 18.9 | 14.0 | 13.6 | 16.2 | 12.8 | 10.5 | 13.0 | 13.6 | 13.9 | 9.7 |
| United States | 11.2 | 7.8 | 2.1 | 9.5 | < 0.1 | < 0.1 | 18.1 | 0.9 | 6.1 | < 0.1 | < 0.1 | 10.1 | 6.7 |
| Germany | 3.7 | 7.1 | 3.4 | 7.9 | 6.7 | 10.4 | 10.2 | 6.5 | 4.3 | 5.6 | 6.3 | 5.1 | 3.6 |
| Others | 38.6 | 39.7 | 38.0 | 88.4 | 43.9 | 67.5 | 80.1 | 46.1 | 23.3 | 54.7 | 38.3 | 76.0 | 47.4 |
| Total | 144 | 134 | 118 | 226 | 170 | 179 | 231 | 139 | 80.5 | 159 | 124 | 181 | 134 |
Exports by Country
The UK (30K tons), France (27K tons) and Italy (15K tons) were the main destinations of iron angle exports from Spain, together comprising 43% of total exports.
From December 2022 to December 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +5.8%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for iron angle exported from Spain were the UK ($23M), France ($21M) and Italy ($12M), together accounting for 42% of total exports.
The UK, with a CAGR of +3.3%, recorded the highest rates of growth with regard to 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.
Exports by Type
I-sections of non-alloy steel (76K tons), h-sections of of non-alloy steel (65K tons) and u-sections of non-alloy steel (15K tons) were the main products of iron angle exports from Spain, together comprising 94% of total exports. Iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm, iron or non-alloy steel; angles, shapes and sections, n.e.s. in heading no. 7216, hot-rolled, hot-drawn or extruded, iron or non-alloy steel; l or t sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more, iron or non-alloy steel; u, i or h sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm and iron or non-alloy steel; t sections, hot-rolled, hot-drawn or extruded, of a height less than 80mm lagged somewhat behind, together comprising a further 6.3%.
From December 2022 to December 2023, the biggest increases were in non-alloy steel i-sections (with a CAGR of +1.7%), while shipments for the other products experienced more modest paces of growth.
In value terms, the most traded types of angles, shapes and sections (of iron or non-alloy steel) in Spain were i-sections of non-alloy steel ($60M), h-sections of of non-alloy steel ($52M) and u-sections of non-alloy steel ($12M), together comprising 92% of total exports. These products were followed by iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm, iron or non-alloy steel; angles, shapes and sections, n.e.s. in heading no. 7216, hot-rolled, hot-drawn or extruded, iron or non-alloy steel; l or t sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more, iron or non-alloy steel; u, i or h sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm and iron or non-alloy steel; t sections, hot-rolled, hot-drawn or extruded, of a height less than 80mm, which together accounted for a further 7.6%.
Among the main product categories, non-alloy steel i-sections, with a CAGR of -0.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced a decline.
Export Prices by Country
In December 2023, the iron angle price stood at $805 per ton (FOB, Spain), reducing by -2.8% against the previous month. In general, the export price showed a mild contraction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 6.7% month-to-month. As a result, the export price reached the peak level of $981 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2023, the countries with the highest prices were Germany ($1,068 per ton) and the United States ($912 per ton), while the average price for exports to the UK ($748 per ton) and Turkey ($751 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (-0.1%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the iron angle market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
