Benelux: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Benelux

In 2022, after five years of growth, there was significant decline in the Benelux steel and iron articles market, when its value decreased by -32.8% to $X. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then plummeted in the following year.

Production of Articles Of Iron Or Steel in Benelux

In value terms, steel and iron articles production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports in Benelux

In 2022, overseas shipments of articles of iron or steel increased by 16% to X tons, rising for the sixth year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steel and iron articles exports declined to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the main exporter of articles of iron or steel, mixing up 77% of total exports. It was distantly followed by Belgium (X tons), comprising a 21% share of total exports. Luxembourg (X tons) held a relatively small share of total exports.

The Netherlands was also the fastest-growing in terms of the articles of iron or steel exports, with a CAGR of +7.1% from 2012 to 2022. At the same time, Luxembourg (+4.6%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. The Netherlands (+12 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -11.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest steel and iron articles supplier in Benelux, comprising 73% of total exports. The second position in the ranking was held by Belgium ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+1.3% per year) and Luxembourg (+5.6% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, declining by -23.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Iron Or Steel

Imports in Benelux

In 2022, after five years of growth, there was significant decline in purchases abroad of articles of iron or steel, when their volume decreased by -15.5% to X tons. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2021, and then fell notably in the following year.

In value terms, steel and iron articles imports reduced to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together constituting 96% of total imports. Luxembourg (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel and iron articles importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 an increase of 32%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform