Benelux: Iron Angle Market 2024

Iron Angle Market Size in Benelux

In 2021, the Benelux iron angle market increased by 15% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Iron Angle Production in Benelux

In value terms, iron angle production rose slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Iron Angle Exports

Exports in Benelux

In 2021, overseas shipments 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. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, iron angle exports skyrocketed to $X in 2021. Total exports indicated a modest expansion 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, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Luxembourg dominates exports structure, finishing at X tons, which was near 87% of total exports in 2021. It was distantly followed by the Netherlands (X tons), constituting an 8.9% share of total exports. Belgium (X tons) took a minor share of total exports.

Luxembourg experienced a relatively flat trend pattern with regard to volume of exports of angles, shapes and sections (of iron or non-alloy steel). The Netherlands experienced a relatively flat trend pattern. Belgium (-3.8%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Luxembourg ($X) remains the largest iron angle supplier in Benelux, comprising 85% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports.

In Luxembourg, iron angle exports increased at an average annual rate of +1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+1.7% per year) and Belgium (-2.6% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 54% against the previous year. Export price indicated moderate 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, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other leaders experienced more modest paces of growth.

Iron Angle Imports

Imports in Benelux

In 2021, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, iron angle imports surged to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. 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

In 2021, the Netherlands (X tons) represented the major importer of angles, shapes and sections (of iron or non-alloy steel), making up 67% of total imports. It was distantly followed by Belgium (X tons), comprising a 31% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the angles, shapes and sections (of iron or non-alloy steel) imports, with a CAGR of +2.3% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. Luxembourg (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +7.9 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported angles, shapes and sections (of iron or non-alloy steel) in Benelux, comprising 65% of total imports. The second position in the ranking was taken by Belgium ($X), with a 32% share of total imports.

In the Netherlands, iron angle imports increased at an average annual rate of +3.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+1.4% per year) and Luxembourg (-4.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, surging by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. 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 importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform