Belgium: Iron Angle Market 2025

Iron Angle Market Size in Belgium

In 2021, the Belgian iron angle market increased by 36% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Iron Angle Production in Belgium

In value terms, iron angle production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Angle Exports

Exports from Belgium

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) exported from Belgium soared to X tons, growing by 17% against the year before. Overall, exports, however, saw a perceptible curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron angle exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of iron angle exports from Belgium, with a combined 69% share of total exports. Luxembourg, Singapore, Suriname, Canada, Malaysia and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron angle exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), with a combined 66% share of total exports. These countries were followed by Singapore, Luxembourg, Suriname, Malaysia, Canada and the UK, which together accounted for a further 15%.

In terms of the main countries of destination, Canada, with a CAGR of +44.3%, 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

The average iron angle export price stood at $X per ton in 2021, surging by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Suriname ($X per ton), while the average price for exports to Germany ($X per ton) and Luxembourg ($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 Suriname (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Belgium

In 2021, overseas purchases of angles, shapes and sections (of iron or non-alloy steel) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 10% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, iron angle imports skyrocketed to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Luxembourg (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of iron angle imports to Belgium, together comprising 73% of total imports. The Netherlands, France, Turkey and the UK lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +4.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), Germany ($X) and Spain ($X) appeared to be the largest iron angle suppliers to Belgium, with a combined 73% share of total imports.

Spain, with a CAGR of +4.6%, saw 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 iron angle import price stood at $X per ton in 2021, growing by 51% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the UK ($X per ton), while the price for Turkey ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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