Belgium: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Belgium

In 2021, the Belgian non-alloy steel i-sections market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Alloy Steel I-Sections Production in Belgium

In value terms, non-alloy steel i-sections production expanded significantly to $X in 2021 estimated in export price. Overall, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 3,230%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports from Belgium

In 2021, shipments abroad of i-sections of non-alloy steel decreased by -5.9% to X tons, falling for the second consecutive year after four years of growth. Overall, exports saw a deep setback. The growth pace was the most rapid in 2016 when exports increased by 13%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-alloy steel i-sections exports surged to $X in 2021. In general, exports continue to indicate a deep reduction. 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) was the main destination for non-alloy steel i-sections exports from Belgium, accounting for a 45% share of total exports. Moreover, non-alloy steel i-sections exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.8% per year) and Germany (-2.2% per year).

In value terms, France ($X) remains the key foreign market for i-sections of non-alloy steel exports from Belgium, comprising 45% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports. It was followed by Singapore, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.1% per year) and Singapore (+6.2% per year).

Export Prices by Country

The average non-alloy steel i-sections export price stood at $X per ton in 2021, increasing by 48% against the previous year. Overall, the export price showed 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.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Turkey ($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 Cameroon (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Belgium

In 2021, overseas purchases of i-sections of non-alloy steel increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, non-alloy steel i-sections imports soared to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Luxembourg (X tons) constituted the largest supplier of non-alloy steel i-sections to Belgium, accounting for a 51% share of total imports. Moreover, non-alloy steel i-sections imports from Luxembourg exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Luxembourg totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Spain (-0.4% per year).

In value terms, Luxembourg ($X) constituted the largest supplier of i-sections of non-alloy steel to Belgium, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Luxembourg totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Spain (+2.8% per year).

Import Prices by Country

In 2021, the average non-alloy steel i-sections import price amounted to $X per ton, growing by 57% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Luxembourg ($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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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