Czech Republic: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in the Czech Republic

In 2022, after two years of growth, there was significant decline in the Czech cold-rolled steel products market, when its value decreased by -20.6% to $X. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Cold-Rolled Steel Products Exports

Exports from the Czech Republic

In 2022, cold-rolled steel products exports from the Czech Republic reduced to X tons, with a decrease of -12.3% on the year before. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, cold-rolled steel products exports declined to $X in 2022. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of cold-rolled steel products exports from the Czech Republic, together accounting for 76% of total exports. Hungary and Austria lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Slovakia ($X) constituted the largest markets for cold-rolled steel products exported from the Czech Republic worldwide, together accounting for 72% of total exports. Austria and Hungary lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Hungary, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, increasing by 6.9% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products export price increased by +55.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into the Czech Republic

After two years of growth, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -40.8% to X tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, cold-rolled steel products imports totaled $X in 2022. Over the period under review, total imports indicated a temperate increase 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, imports increased by +79.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest cold-rolled steel products supplier to the Czech Republic, accounting for a 30% share of total imports. Moreover, cold-rolled steel products imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-3.9% per year) and Austria (+6.2% per year).

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to the Czech Republic, comprising 26% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 9.2% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+0.7% per year) and Italy (+11.9% per year).

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, picking up by 77% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +170.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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