United Kingdom - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIron Angle Import Surges to $39M in UK During June 2023
United Kingdom Iron Angle Imports
In June 2023, approximately 39K tons of angles, shapes and sections (of iron or non-alloy steel) were imported into the UK; rising by 4.6% on the month before. In general, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in December 2022 when imports increased by 135% m-o-m.
In value terms, iron angle imports rose slightly to $39M (IndexBox estimates) in June 2023. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in December 2022 with an increase of 134% against the previous month.
| COUNTRY | Import Value of Iron Angle in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Spain | 47.8 | 41.1 | 18.4 | 16.8 | 15.9 | 13.5 | 24.3 | 8.5 | 11.4 | 22.5 | 35.9 | 23.3 | 24.8 |
| Germany | 3.3 | 10.4 | 12.0 | 3.1 | 2.2 | 5.0 | 8.9 | 8.2 | 1.9 | 0.8 | 0.8 | 0.9 | 5.1 |
| Bahrain | 8.0 | N/A | N/A | N/A | N/A | N/A | 13.7 | N/A | N/A | N/A | N/A | N/A | N/A |
| India | 6.7 | < 0.1 | 3.1 | 0.2 | 6.5 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Others | 7.2 | 31.4 | 13.0 | 7.3 | 27.0 | 7.6 | 14.3 | 21.7 | 10.1 | 11.6 | 18.5 | 13.2 | 9.4 |
| Total | 73.1 | 82.9 | 46.6 | 27.5 | 51.7 | 26.2 | 61.3 | 38.4 | 23.5 | 35.0 | 55.3 | 37.5 | 39.3 |
Imports by Country
In June 2023, Spain (26K tons) constituted the largest iron angle supplier to the UK, with a 65% share of total imports. Moreover, iron angle imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (4.9K tons), fivefold.
From June 2022 to June 2023, the average monthly growth rate of volume from Spain totaled -2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+5.7% per month) and India (-37.7% per month).
In value terms, Spain ($25M) constituted the largest supplier of iron angle to the UK, comprising 63% of total imports. The second position in the ranking was held by Germany ($5.1M), with a 13% share of total imports.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from Spain stood at -5.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+3.7% per month) and India (-35.4% per month).
Imports by Type
In June 2023, i-sections of non-alloy steel (21K tons) constituted the largest type of iron angle supplied to the UK, with a 54% share of total imports. Moreover, i-sections of non-alloy steel exceeded the figures recorded for the second-largest type, h-sections of of non-alloy steel (10K tons), twofold. The third position in this ranking was held by u-sections of non-alloy steel (5.1K tons), with a 13% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of i-sections of non-alloy steel amounted to -3.9%. With regard to the other supplied products, the following average monthly rates of growth were recorded: h-sections of of non-alloy steel (-4.7% per month) and u-sections of non-alloy steel (+2.2% per month).
In value terms, the most traded types of angles, shapes and sections (of iron or non-alloy steel) in the UK were i-sections of non-alloy steel ($20M), h-sections of of non-alloy steel ($10M) and u-sections of non-alloy steel ($5.7M), together comprising 92% of total imports. 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; u, i or h sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm, iron or non-alloy steel; l or t sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more 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 8%.
Import Prices by Country
In June 2023, the iron angle price amounted to $1,005 per ton (CIF, United Kingdom), flattening at the previous month. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in November 2022 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $1,307 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,635 per ton), while the price for Turkey ($916 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the iron angle market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
