Netherlands: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in the Netherlands

In 2021, the Dutch hot-rolled steel products market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a strong increase. Hot-rolled steel products consumption peaked in 2021 and is likely to see steady growth in the near future.

Hot-Rolled Steel Products Production in the Netherlands

In value terms, hot-rolled steel products production expanded sharply to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 214%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports from the Netherlands

In 2021, shipments abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports surged to $X in 2021. Overall, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hot-rolled steel products exports from the Netherlands, accounting for a 35% share of total exports. Moreover, hot-rolled steel products exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.0% per year) and Belgium (+3.4% per year).

In value terms, Germany ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from the Netherlands, comprising 34% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.8% per year) and Belgium (+6.1% per year).

Export Prices by Country

In 2021, the average hot-rolled steel products export price amounted to $X per ton, with an increase of 54% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Poland ($X per ton), while the average price for exports to Portugal ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into the Netherlands

After two years of decline, purchases abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by 27% to X tons in 2021. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled steel products imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of hot-rolled steel products imports to the Netherlands, together accounting for 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel products suppliers to the Netherlands were Belgium ($X), Germany ($X) and Russia ($X), together accounting for 67% of total imports.

Russia, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled steel products import price stood at $X per ton in 2021, rising by 36% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue 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 Finland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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