Eastern Europe: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Eastern Europe

In 2021, the East European silicon-electrical steel flat-rolled product market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Eastern Europe

In value terms, silicon-electrical steel flat-rolled product production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 8.2% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Eastern Europe

After three years of decline, shipments abroad of flat-rolled products of silicon-electrical steel increased by 13% to X tons in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia represented the key exporting country with an export of around X tons, which amounted to 53% of total exports. Poland (X tons) ranks second in terms of the total exports with a 16% share, followed by Slovakia (12%), Romania (12%) and the Czech Republic (7%).

Exports from Russia decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Romania (+4.5%) and Poland (+3.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +4.5% from 2012-2021. Slovakia and the Czech Republic experienced a relatively flat trend pattern. While the share of Poland (+4.8 p.p.) and Romania (+4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest silicon-electrical steel flat-rolled product supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was held by Poland ($X), with a 20% share of total exports. It was followed by Romania, with an 11% share.

In Russia, silicon-electrical steel flat-rolled product exports plunged by an average annual rate of -2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+3.3% per year) and Romania (+7.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, increasing by 46% against the previous year. Overall, the export price recorded a relatively flat trend pattern. 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($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 (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in Eastern Europe

In 2021, after three years of decline, there was significant growth in purchases abroad of flat-rolled products of silicon-electrical steel, when their volume increased by 25% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of flat-rolled products of silicon-electrical steel, namely the Czech Republic, Poland and Romania, represented more than two-thirds of total import. It was distantly followed by Hungary (X tons) and Belarus (X tons), together generating a 19% share of total imports. Slovakia (X tons), Estonia (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +4.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), with a combined 66% share of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +5.3%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per ton in 2021, growing by 36% against the previous year. Overall, the import price saw a relatively flat trend pattern. 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 destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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