EU: Iron Angle Market 2024

Iron Angle Market Size in the EU

In 2021, the EU iron angle market decreased by -3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Iron Angle Production in the EU

In value terms, iron angle production stood at $X in 2021 estimated in export price. Overall, production showed a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Angle Exports

Exports in the EU

In 2021, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, iron angle exports soared to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, 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

In 2021, Spain (X tons), distantly followed by Germany (X tons), Luxembourg (X tons), Italy (X tons) and Poland (X tons) represented the major exporters of angles, shapes and sections (of iron or non-alloy steel), together mixing up 86% of total exports. The Czech Republic (X tons) and France (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +1.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest iron angle supplying countries in the European Union were Spain ($X), Germany ($X) and Luxembourg ($X), together accounting for 69% of total exports. Italy, Poland, the Czech Republic and France lagged somewhat behind, together comprising a further 22%.

France, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, jumping by 55% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. 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.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Italy ($X per ton), while Spain ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.5%), while the other leaders experienced more modest paces of growth.

Iron Angle Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in purchases abroad of angles, shapes and sections (of iron or non-alloy steel), when their volume increased by 7.2% to X tons. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports skyrocketed to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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

The countries with the highest levels of iron angle imports in 2021 were Germany (X tons), France (X tons) and the Netherlands (X tons), together reaching 45% of total import. Poland (X tons) took a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Italy (6.4%) and Belgium (6%). The Czech Republic (X tons), Portugal (X tons), Austria (X tons), Hungary (X tons), Ireland (X tons), Romania (X tons) and Greece (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +7.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 44% share of total imports. Italy, Poland, Belgium, the Czech Republic, Austria, Portugal, Ireland, Hungary, Romania and Greece lagged somewhat behind, together comprising a further 40%.

Ireland, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per ton in 2021, rising by 51% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Belgium ($X per ton), while Greece ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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