Eastern Europe: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Eastern Europe

The East European hot-rolled silico-manganese steel bar market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Eastern Europe

In value terms, hot-rolled silico-manganese steel bar production reached $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports in Eastern Europe

In 2021, approx. X tons of hot-rolled bars of silico-manganese steel were exported in Eastern Europe; waning by -27.4% on the year before. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 54%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 77% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was near 90% of total exports in 2021. The following exporters - the Czech Republic (X tons), Moldova (X tons) and Belarus (X tons) - together made up 8.8% of total exports.

Exports from Russia decreased at an average annual rate of -6.6% from 2012 to 2021. At the same time, the Czech Republic (+7.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +7.0% from 2012-2021. By contrast, Belarus (-23.3%) and Moldova (-25.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia and the Czech Republic increased by +21 and +3.1 percentage points, respectively.

In value terms, Russia ($X) remains the largest hot-rolled silico-manganese steel bar supplier in Eastern Europe, comprising 88% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.3% share of total exports. It was followed by Belarus, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -5.6%. In the other countries, the average annual rates were as follows: the Czech Republic (+7.9% per year) and Belarus (-23.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 59% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Moldova ($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 (+1.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports in Eastern Europe

In 2021, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -9.5% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 61%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 56% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belarus (X tons), distantly followed by Poland (X tons), Ukraine (X tons), Lithuania (X tons), the Czech Republic (X tons) and Romania (X tons) represented the main importers of hot-rolled bars of silico-manganese steel, together constituting 89% of total imports. Moldova (X tons) took a little 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 Romania (with a CAGR of +35.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled silico-manganese steel bar importing markets in Eastern Europe were Poland ($X), Belarus ($X) and the Czech Republic ($X), with a combined 60% share of total imports. These countries were followed by Lithuania, Ukraine, Romania and Moldova, which together accounted for a further 33%.

In terms of the main importing countries, Romania, with a CAGR of +29.8%, saw 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 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached 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 the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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