Austria: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Austria

The Austrian non-alloy steel h-sections market stood at $X in 2022, remaining stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Non-alloy steel h-sections consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Alloy Steel H-Sections Production in Austria

In value terms, non-alloy steel h-sections production dropped to $X in 2022 estimated in export price. In general, production, however, posted a moderate increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 74% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Non-Alloy Steel H-Sections Exports

Exports from Austria

In 2022, overseas shipments of h-sections of of non-alloy steel were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel h-sections exports soared to $X in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons), Switzerland (X tons) and Hungary (X tons) were the main destinations of non-alloy steel h-sections exports from Austria, with a combined 58% share of total exports. Germany, Croatia, Italy, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Slovenia ($X) and Germany ($X) constituted the largest markets for non-alloy steel h-sections exported from Austria worldwide, with a combined 59% share of total exports. Hungary, Croatia, Italy, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Italy, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-alloy steel h-sections export price amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel h-sections export price increased by +86.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Switzerland ($X per ton), while the average price for exports to Slovakia ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into Austria

In 2022, the amount of h-sections of of non-alloy steel imported into Austria contracted remarkably to X tons, shrinking by -15.6% compared with 2021 figures. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports stood at $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Luxembourg (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of non-alloy steel h-sections imports to Austria, together comprising 91% of total imports. Poland, Switzerland and the Czech Republic lagged somewhat behind, together comprising a further 6.2%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +17.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest non-alloy steel h-sections suppliers to Austria were Luxembourg ($X), Germany ($X) and Italy ($X), together comprising 91% of total imports. Poland, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further 6.8%.

The Czech Republic, with a CAGR of +25.0%, recorded the highest growth rate of the value of imports, among 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 non-alloy steel h-sections import price stood at $X per ton in 2022, increasing by 35% against the previous year. Overall, the import price showed a pronounced expansion. The growth pace was the most rapid in 2021 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Switzerland ($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 Czech Republic (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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