Belgium: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Belgium

In 2021, the Belgian flat-rolled steel products market decreased by -43.6% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption faced a abrupt downturn. The growth pace was the most rapid in 2017 when the market value increased by 9%. Flat-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Flat-Rolled Steel Products Production in Belgium

In value terms, flat-rolled steel products production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Flat-Rolled Steel Products Exports

Exports from Belgium

In 2021, shipments abroad of flat-rolled products of iron or non-alloy steel decreased by -28.6% to X tons, falling for the fourth year in a row after two years of growth. In general, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 17%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports reduced to $X in 2021. Over the period under review, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of flat-rolled steel products exports from Belgium, with a combined 39% share of total exports. Egypt, Italy, India, the United States, Mexico, Bangladesh, Spain, Pakistan and Turkey lagged somewhat behind, together comprising a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +85.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), together accounting for 43% of total exports. These countries were followed by Italy, Egypt, the United States, Mexico, India, Spain, Bangladesh, Pakistan and Turkey, which together accounted for a further 43%.

The United States, with a CAGR of +84.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2021, rising by 27% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to India ($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 Pakistan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Belgium

Flat-rolled steel products imports into Belgium declined to X tons in 2021, with a decrease of -6.2% against the year before. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports skyrocketed to $X in 2021. Over the period under review, imports showed a noticeable slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and China (X tons) were the main suppliers of flat-rolled steel products imports to Belgium, with a combined 72% share of total imports. Spain, Germany, Slovakia and the UK lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +36.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest flat-rolled steel products suppliers to Belgium were the Netherlands ($X), China ($X) and France ($X), with a combined 69% share of total imports. Spain, Germany, Slovakia and the UK lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Spain, with a CAGR of +41.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average flat-rolled steel products import price stood at $X per ton in 2021, jumping by 60% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat-rolled steel products import price increased by +49.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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