Austria: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Austria

In 2022, the Austrian non-alloy steel u-section market increased by 6.2% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.2% against 2020 indices. Non-alloy steel u-section consumption peaked in 2022 and is likely to see steady growth in years to come.

Non-Alloy Steel U-Section Production in Austria

In value terms, non-alloy steel u-section production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,193% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Alloy Steel U-Section Exports

Exports from Austria

In 2022, overseas shipments of u-sections of non-alloy steel increased by 10% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2016 when exports increased by 19%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-alloy steel u-section exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Slovenia (X tons) and Switzerland (X tons) were the main destinations of non-alloy steel u-section exports from Austria, together accounting for 51% of total exports. Italy, Slovakia, Croatia, the Czech Republic, Hungary and Romania lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel u-section exported from Austria were Germany ($X), Switzerland ($X) and Italy ($X), together comprising 48% of total exports. Slovenia, Slovakia, Croatia, the Czech Republic, Hungary and Romania lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, the Czech Republic, with a CAGR of +20.8%, recorded 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

The average non-alloy steel u-section export price stood at $X per ton in 2022, surging by 29% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 u-section export price increased by +80.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Austria

In 2022, approx. X tons of u-sections of non-alloy steel were imported into Austria; waning by -18.2% compared with 2021. Over the period under review, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports expanded notably to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +114.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Luxembourg (X tons) and Italy (X tons) were the main suppliers of non-alloy steel u-section imports to Austria, with a combined 79% share of total imports. Poland, Croatia, Hungary, the Czech Republic and Ukraine lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +147.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section suppliers to Austria were Germany ($X), Luxembourg ($X) and Italy ($X), with a combined 79% share of total imports. Poland, Croatia, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Croatia, with a CAGR of +164.1%, saw the highest rates of growth with regard to 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

The average non-alloy steel u-section import price stood at $X per ton in 2022, growing by 39% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the price for Ukraine ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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