EU: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in the EU

The EU hot-rolled silico-manganese steel bar market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in the EU

In value terms, hot-rolled silico-manganese steel bar production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2017 when the production volume increased by 9.2% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports in the EU

In 2021, hot-rolled silico-manganese steel bar exports in the European Union soared to X tons, jumping by 41% on the previous year's figure. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) and Germany (X tons) were the major exporters of hot-rolled bars of silico-manganese steel in 2021, amounting to near 33% and 28% of total exports, respectively. France (X tons) took the next position in the ranking, distantly followed by Sweden (X tons) and the Czech Republic (X tons). All these countries together held near 32% share of total exports. Slovenia (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2021, with a combined 78% share of total exports. Sweden, the Czech Republic and Slovenia lagged somewhat behind, together accounting for a further 17%.

Slovenia, with a CAGR of +20.5%, recorded the highest growth rate of 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 20% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and the Czech Republic ($X per ton), while Sweden ($X per ton) and Slovenia ($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 (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports in the EU

In 2021, imports of hot-rolled bars of silico-manganese steel in the European Union skyrocketed to X tons, picking up by 59% compared with the year before. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.7% 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

Spain (X tons) and France (X tons) represented roughly 56% of total imports in 2021. Germany (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Poland (7.8%) and Lithuania (6.2%). The following importers - Italy (X tons) and the Czech Republic (X tons) - each resulted at a 6.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled silico-manganese steel bar importing markets in the European Union were Spain ($X), France ($X) and Germany ($X), together accounting for 63% of total imports.

Spain, with a CAGR of +13.8%, saw the highest rates of growth with regard to 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

In 2021, the import price in the European Union amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($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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