EU: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in the EU

In 2022, the EU non-alloy steel u-section market increased by 2.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in the EU

In value terms, non-alloy steel u-section production expanded notably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 45%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Alloy Steel U-Section Exports

Exports in the EU

In 2022, approx. X tons of u-sections of non-alloy steel were exported in the European Union; declining by -9.1% compared with 2021 figures. Overall, exports saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 6% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports expanded rapidly to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Spain (X tons), Germany (X tons) and Poland (X tons) represented roughly 70% of total exports in 2022. Italy (X tons) ranks next in terms of the total exports with a 9.5% share, followed by the Czech Republic (6.5%). France (X tons) and Luxembourg (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +2.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest non-alloy steel u-section supplying countries in the European Union were Spain ($X), Germany ($X) and Poland ($X), together comprising 70% of total exports. Italy, the Czech Republic, France and Luxembourg lagged somewhat behind, together comprising a further 21%.

The Czech Republic, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in the European Union stood at $X per ton in 2022, growing by 26% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by +97.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 57%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Luxembourg ($X per ton), while Spain ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports in the EU

In 2022, approx. X tons of u-sections of non-alloy steel were imported in the European Union; dropping by -5.2% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 9.4%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The purchases of the three major importers of u-sections of non-alloy steel, namely Germany, France and the Netherlands, represented more than third of total import. Poland (X tons) ranks next in terms of the total imports with an 8.1% share, followed by the Czech Republic (7.6%) and Italy (6.5%). Belgium (X tons), Austria (X tons), Romania (X tons), Portugal (X tons), Ireland (X tons), Slovakia (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 38% share of total imports. Poland, the Czech Republic, Italy, Belgium, Austria, Ireland, Slovakia, Portugal, Romania and Hungary lagged somewhat behind, together accounting for a further 44%.

Italy, with a CAGR of +12.4%, recorded 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

The import price in the European Union stood at $X per ton in 2022, rising by 24% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +87.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 52%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and France ($X per ton), while Romania ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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