EU: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in the EU

The EU threaded metal articles market skyrocketed to $X in 2021, surging by 36% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.5% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Threaded Metal Articles Production in the EU

In value terms, threaded metal articles production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Threaded Metal Articles Exports

Exports in the EU

In 2021, overseas shipments of threaded articles of iron or steel increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, threaded metal articles exports surged to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern 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

Germany represented the largest exporter of threaded articles of iron or steel in the European Union, with the volume of exports resulting at X tons, which was near 31% of total exports in 2021. France (X tons) held the second position in the ranking, followed by Italy (X tons), Belgium (X tons), Spain (X tons), Austria (X tons), the Netherlands (X tons) and Poland (X tons). All these countries together took near 54% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to threaded metal articles exports from Germany stood at +6.4%. At the same time, Austria (+11.0%), Spain (+7.1%), the Netherlands (+4.6%) and Poland (+2.8%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.0% from 2012-2021. France and Belgium experienced a relatively flat trend pattern. By contrast, Italy (-1.8%) illustrated a downward trend over the same period. Germany (+7.4 p.p.), Austria (+2.5 p.p.) and Spain (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while France, Belgium and Italy saw its share reduced by -2.6%, -2.8% and -5.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest threaded metal articles supplier in the European Union, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by France, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +5.4%. In the other countries, the average annual rates were as follows: Italy (+3.7% per year) and France (+2.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 7.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 10%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the other leaders experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports in the EU

In 2021, purchases abroad of threaded articles of iron or steel increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, threaded metal articles imports surged to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of threaded articles of iron or steel, namely Germany, France and Italy, represented more than third of total import. Belgium (X tons) took an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Spain (7.6%), the Netherlands (6.2%), Poland (6%), Austria (5%) and Slovakia (4.7%). The following importers - the Czech Republic (X tons), Hungary (X tons), Romania (X tons) and Portugal (X tons) - together made up 11% of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the countries with the highest levels of imports in 2021, together accounting for 42% of total imports.

Italy, with a CAGR of +10.1%, saw 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

In 2021, the import price in the European Union amounted to $X per ton, rising by 4.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 7.6%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the 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 Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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