Netherlands: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in the Netherlands

After two years of decline, the Dutch flat-rolled steel products market increased by 29% to $X in 2021. Over the period under review, consumption, however, continues to indicate a slight shrinkage. Flat-rolled steel products consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Flat-Rolled Steel Products Production in the Netherlands

In value terms, flat-rolled steel products production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 16%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Flat-Rolled Steel Products Exports

Exports from the Netherlands

In 2021, the amount of flat-rolled products of iron or non-alloy steel exported from the Netherlands rose slightly to X tons, growing by 1.9% compared with the previous year. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for flat-rolled steel products exports from the Netherlands, with a 37% share of total exports. Moreover, flat-rolled steel products exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.3% per year) and Germany (+2.9% per year).

In value terms, the United States ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from the Netherlands, comprising 42% of total exports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total exports. It was followed by Spain, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.7% per year) and Spain (+4.8% per year).

Export Prices by Country

In 2021, the average flat-rolled steel products export price amounted to $X per ton, growing by 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into the Netherlands

In 2021, the amount of flat-rolled products of iron or non-alloy steel imported into the Netherlands reduced to X tons, declining by -6.9% on 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, flat-rolled steel products imports rose modestly to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 37%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of flat-rolled steel products imports to the Netherlands, together accounting for 76% of total imports. Luxembourg, Slovakia, Italy, Spain and the UK lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +67.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest flat-rolled steel products suppliers to the Netherlands, with a combined 77% share of total imports. Luxembourg, Slovakia, Spain, Italy and the UK lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Italy, with a CAGR of +59.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average flat-rolled steel products import price amounted to $X per ton, surging by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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