Belgium: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Belgium

The Belgian hot-rolled silico-manganese steel bar market shrank notably to $X in 2021, falling by -18.3% against the previous year. In general, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Belgium

In value terms, hot-rolled silico-manganese steel bar production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 104% against the previous year. Hot-rolled silico-manganese steel bar production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Belgium

In 2021, approx. X tons of hot-rolled bars of silico-manganese steel were exported from Belgium; increasing by 118% on the previous year. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 1,545%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hot-rolled silico-manganese steel bar exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 502%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Belgium, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +140.4%.

In value terms, Turkey ($X) also remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Belgium.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +144.4%.

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2017 when the average export price increased by 163%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +1.7% per year.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Belgium

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a dramatic contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 606%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Over the period under review, imports, however, saw a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of 237% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and the Netherlands (X kg) were the main suppliers of hot-rolled silico-manganese steel bar imports to Belgium, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +26.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Belgium, comprising 58% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total imports. It was followed by Austria, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-3.8% per year) and Austria (+30.9% per year).

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price showed strong growth. The growth pace was the most rapid in 2016 an increase of 149% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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