Czech Republic: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in the Czech Republic

For the fourth consecutive year, the Czech market for raw steel and steel semi-finished products recorded decline in sales value, which decreased by -12.8% to $X in 2021. Over the period under review, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products in the Czech Republic

In value terms, production of raw steel and steel semi-finished products reduced markedly to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from the Czech Republic

In 2021, overseas shipments of raw steel and steel semi-finished products increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2021. Overall, total exports indicated a mild 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. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main destinations of exports of raw steel and steel semi-finished products from the Czech Republic, with a combined 69% share of total exports. Spain, Australia, Romania, France and Hungary lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +101.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for raw steel and steel semi-finished products exported from the Czech Republic were Germany ($X), Poland ($X) and Italy ($X), with a combined 69% share of total exports. Spain, Australia, Romania, France and Hungary lagged somewhat behind, together comprising a further 25%.

Australia, with a CAGR of +78.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for raw steel and steel semi-finished products amounted to $X per ton, rising by 23% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 29% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Australia ($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 Italy (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into the Czech Republic

In 2021, supplies from abroad of raw steel and steel semi-finished products increased by 1.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 93%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. Overall, imports saw a prominent expansion. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Russia (X tons) and Slovakia (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to the Czech Republic, together comprising 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Italy ($X) appeared to be the largest raw steel and steel semi-finished products suppliers to the Czech Republic, together accounting for 81% of total imports.

Poland, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for raw steel and steel semi-finished products amounted to $X per ton, surging by 57% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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