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

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in the EU

In 2021, after two years of decline, there was significant growth in the EU silicon-electrical steel flat-rolled product market, when its value increased by 25% to $X. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in the EU

In value terms, silicon-electrical steel flat-rolled product production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in the EU

After three years of decline, overseas shipments of flat-rolled products of silicon-electrical steel increased by 26% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of flat-rolled products of silicon-electrical steel, achieving 33% of total exports. It was distantly followed by Austria (X tons), France (X tons), Poland (X tons), Slovakia (X tons), Romania (X tons), Slovenia (X tons) and Italy (X tons), together creating a 58% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of flat-rolled products of silicon-electrical steel. At the same time, Austria (+17.3%), Italy (+8.4%), Romania (+4.5%), Poland (+3.7%) and Slovenia (+1.9%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.3% from 2012-2021. France and Slovakia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Austria and Italy increased by +11 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest silicon-electrical steel flat-rolled product supplier in the European Union, comprising 30% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Austria, with a 13% share.

In Germany, silicon-electrical steel flat-rolled product exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+0.8% per year) and Austria (+20.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 37% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. 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 Italy ($X per ton), while Slovenia ($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 the EU

In 2021, purchases abroad of flat-rolled products of silicon-electrical steel was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) represented the largest importer of flat-rolled products of silicon-electrical steel, comprising 37% of total imports. France (X tons) ranks second in terms of the total imports with a 9.4% share, followed by the Czech Republic (9.1%), Germany (8.7%), Poland (7.6%) and Romania (6.2%). The following importers - Hungary (X tons), Spain (X tons), Slovenia (X tons), Austria (X tons) and Belgium (X tons) - together made up 16% of total imports.

Imports into Italy increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Slovenia (+20.4%), Poland (+4.0%), the Czech Republic (+3.7%), Spain (+3.2%), Germany (+2.2%) and Romania (+1.8%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +20.4% from 2012-2021. Austria and Hungary experienced a relatively flat trend pattern. By contrast, France (-3.1%) and Belgium (-10.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, Slovenia, the Czech Republic and Poland increased by +5.6, +2.6, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported flat-rolled products of silicon-electrical steel in the European Union, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 9.4% share of total imports. It was followed by the Czech Republic, with an 8.1% share.

In Italy, silicon-electrical steel flat-rolled product imports expanded at an average annual rate of +5.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and the Czech Republic (+5.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 32% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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