Czech Republic: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in the Czech Republic

In 2021, the Czech silicon-electrical steel flat-rolled product market increased by 126% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in the Czech Republic

In value terms, silicon-electrical steel flat-rolled product production contracted notably to $X in 2021 estimated in export price. Overall, production recorded a deep setback. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from the Czech Republic

In 2021, exports of flat-rolled products of silicon-electrical steel from the Czech Republic expanded remarkably to X tons, increasing by 6.3% on 2020. Overall, exports, however, continue to indicate a mild contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern 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

Spain (X tons), Italy (X tons) and Germany (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from the Czech Republic, together comprising 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +93.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from the Czech Republic were Spain ($X), Italy ($X) and Germany ($X), with a combined 61% share of total exports.

Spain, with a CAGR of +93.9%, recorded the highest rates of growth with regard to the value of exports, among 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

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, with an increase of 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the United States (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into the Czech Republic

In 2021, purchases abroad of flat-rolled products of silicon-electrical steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to the Czech Republic, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to the Czech Republic were Slovakia ($X), Poland ($X) and Germany ($X), together comprising 71% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of imports, 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 silicon-electrical steel flat-rolled product import price amounted to $X per ton, surging by 30% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon-electrical steel flat-rolled product import price increased by +82.3% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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