EU: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in the EU

In 2021, the EU flat-rolled steel products market was finally on the rise to reach $X after two years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; afterwards, it flattened through to 2021.

Flat-Rolled Steel Products Production in the EU

In value terms, flat-rolled steel products production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. 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 the EU

In 2021, the amount of flat-rolled products of iron or non-alloy steel exported in the European Union fell to X tons, therefore, remained relatively stable against the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 5.2% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented the major exporters of flat-rolled products of iron or non-alloy steel in 2021, amounting to near 29% and 25% of total exports, respectively. It was distantly followed by Slovakia (X tons), France (X tons), Spain (X tons) and Belgium (X tons), together mixing up a 41% share of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +4.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Slovakia ($X), together comprising 70% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of exports, 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, increasing by 17% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Italy ($X per ton) and the Netherlands ($X per ton), while Germany ($X per ton) and Belgium ($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 Netherlands (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Flat-Rolled Steel Products Imports

Imports in the EU

Flat-rolled steel products imports shrank to X tons in 2021, falling by -2.5% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 6.5%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, flat-rolled steel products imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) was the main importer of flat-rolled products of iron or non-alloy steel, making up 29% of total imports. France (X tons) ranks second in terms of the total imports with an 8.1% share, followed by Poland (7.8%), the Netherlands (7.6%), Spain (7.3%), Germany (6.8%), Belgium (5.1%), the Czech Republic (5%) and Hungary (4.8%).

Imports into Italy increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Poland (+4.0%), the Czech Republic (+3.9%) and Germany (+1.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +4.0% from 2012-2021. The Netherlands and Hungary experienced a relatively flat trend pattern. By contrast, France (-4.0%), Belgium (-4.4%) and Spain (-7.3%) illustrated a downward trend over the same period. Italy (+6.1 p.p.), Poland (+2.5 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Belgium, France and Spain saw its share reduced by -2.3%, -3.3% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported flat-rolled products of iron or non-alloy steel in the European Union, comprising 28% of total imports. The second position in the ranking was taken by France ($X), with an 8.3% share of total imports. It was followed by the Netherlands, with an 8.1% share.

In Italy, flat-rolled steel products imports increased at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (-3.7% per year) and the Netherlands (-0.0% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :