Estonia: Hot-Rolled Steel Products Market 2020

Hot-Rolled Steel Products Market Size in Estonia

The revenue of the hot-rolled steel products market in Estonia amounted to $X in 2018, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, hot-rolled steel products consumption, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the hot-rolled steel products market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports from Estonia

In 2018, the exports of flat-rolled products of iron or steel (not further worked than hot-rolled) from Estonia stood at X tons, shrinking by -X% against the previous year. In general, the total exports indicated mild growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hot-rolled steel products exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. In that year, hot-rolled steel products exports reached their peak of X tons. From 2012 to 2018, the growth of hot-rolled steel products exports failed to regain its momentum.

In value terms, hot-rolled steel products exports amounted to $X in 2018. Over the period under review, hot-rolled steel products exports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, hot-rolled steel products exports attained their peak of $X. From 2012 to 2018, the growth of hot-rolled steel products exports remained at a somewhat lower figure.

Exports by Country

China (X tons) and Japan (X tons) represented roughly X% of total exports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018. South Korea (X tons) took the next position in the ranking, followed by Belgium (X tons), Germany (X tons), Russia (X tons) and France (X tons). All these countries together occupied approx. X% share of total exports. Taiwan, Chinese (X tons), Ukraine (X tons), India (X tons), Turkey (X tons) and the U.S. (X tons) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel products markets from Estonia were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total exports. Belgium, Germany, France, Russia, Taiwan, Chinese, the U.S., India, Ukraine, Turkey and Estonia lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Turkey recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The hot-rolled steel products export price in Estonia stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the hot-rolled steel products export price, however, continues to indicate a significant drop. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. In that year, the export prices for flat-rolled products of iron or steel (not further worked than hot-rolled) reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for flat-rolled products of iron or steel (not further worked than hot-rolled) remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Hot-Rolled Steel Products Imports

Imports into Estonia

Hot-rolled steel products imports into Estonia stood at X tons in 2018, growing by X% against the previous year. Over the period under review, hot-rolled steel products imports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Estonia imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, hot-rolled steel products imports amounted to $X in 2018. Over the period under review, hot-rolled steel products imports, however, continue to indicate a mild drop. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Estonia imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Vietnam (X tons), South Korea (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), the U.S. (X tons), China (X tons), Thailand (X tons), Belgium (X tons), Spain (X tons), France (X tons) and India (X tons) represented the largest importers of flat-rolled products of iron or steel (not further worked than hot-rolled) in the world, committing X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Vietnam recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The hot-rolled steel products import price in Estonia stood at $X per ton in 2018, surging by X% against the previous year. Overall, the hot-rolled steel products import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. In that year, the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform