Benelux: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Benelux

The Benelux hot-rolled round stainless steel market dropped slightly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Production of Hot-Rolled Round Bars Of Stainless Steel in Benelux

In value terms, hot-rolled round stainless steel production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by 140%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports in Benelux

In 2021, approx. X tons of hot-rolled round bars of stainless steel were exported in Benelux; growing by 64% on the previous year. In general, exports recorded a noticeable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled round stainless steel exports soared to $X in 2021. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium represented the largest exporting country with an export of around X tons, which recorded 79% of total exports. It was distantly followed by the Netherlands (X tons), committing a 21% share of total exports.

Belgium was also the fastest-growing in terms of the hot-rolled round bars of stainless steel exports, with a CAGR of +4.7% from 2012 to 2021. At the same time, the Netherlands (+1.6%) displayed positive paces of growth. From 2012 to 2021, the share of Belgium increased by +4.8 percentage points.

In value terms, Belgium ($X) remains the largest hot-rolled round stainless steel supplier in Benelux, comprising 72% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 27% share of total exports.

In Belgium, hot-rolled round stainless steel exports expanded at an average annual rate of +2.5% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, with a decrease of -22.3% against the previous year. Overall, the export price recorded a slight decline. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2020, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%).

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports in Benelux

In 2021, the amount of hot-rolled round bars of stainless steel imported in Benelux fell modestly to X tons, therefore, remained relatively stable against the previous year. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hot-rolled round stainless steel imports soared to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.2% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together achieving 96% of total imports. Luxembourg (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Luxembourg (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2021.

Luxembourg, with a CAGR of +4.3%, saw 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 2021, the import price in Benelux amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, 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 (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform