Eastern Europe: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Eastern Europe

The East European flat-rolled steel products market expanded significantly to $X in 2021, rising by 9.6% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Production in Eastern Europe

In value terms, flat-rolled steel products production soared to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Exports

Exports in Eastern Europe

Flat-rolled steel products exports was estimated at X tons in 2021, growing by 11% on 2020 figures. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flat-rolled steel products exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia dominates exports structure, recording X tons, which was approx. 83% of total exports in 2021. It was distantly followed by Russia (X tons) and Hungary (X tons), together committing an 11% share of total exports. The following exporters - Belarus (X tons) and Poland (X tons) - each recorded a 3.9% share of total exports.

Exports from Slovakia increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Belarus (+40.3%) and Hungary (+9.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +40.3% from 2012-2021. By contrast, Poland (-2.1%) and Russia (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Slovakia, Hungary and Belarus increased by +5.7, +2.5 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest flat-rolled steel products supplier in Eastern Europe, comprising 84% of total exports. The second position in the ranking was held by Russia ($X), with a 5.2% share of total exports. It was followed by Hungary, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Slovakia stood at +1.7%. In the other countries, the average annual rates were as follows: Russia (-6.1% per year) and Hungary (+6.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced a decline in the export price figures.

Flat-Rolled Steel Products Imports

Imports in Eastern Europe

After six years of growth, overseas purchases of flat-rolled products of iron or non-alloy steel decreased by -3% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 6.4%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, flat-rolled steel products imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of flat-rolled steel products imports in 2021 were Poland (X tons), Russia (X tons), the Czech Republic (X tons) and Hungary (X tons), together amounting to 69% of total import. Ukraine (X tons) took the next position in the ranking, followed by Bulgaria (X tons) and Estonia (X tons). All these countries together took near 19% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Estonia (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 53% of total imports. Hungary, Ukraine, Estonia and Bulgaria lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Estonia, with a CAGR of +8.0%, 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 import price in Eastern Europe amounted to $X per ton, rising by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Estonia ($X per ton) and Bulgaria ($X per ton), while Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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