Europe: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Europe

The Europe mill rolling roll market reduced to $X in 2022, waning by -8.1% against the previous year. In general, consumption recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.4% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mill Rolling Roll Production in Europe

In value terms, mill rolling roll production dropped to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Mill Rolling Roll Exports

Exports in Europe

In 2022, the amount of rolls for rolling mills exported in Europe surged to X units, increasing by 41% on the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, mill rolling roll exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany was the largest exporting country with an export of around X units, which accounted for 31% of total exports. France (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Austria (10%), Italy (10%), the Netherlands (7.1%), Slovenia (6.5%), the Czech Republic (6.3%), Sweden (5%) and Spain (4.7%).

Exports from Germany increased at an average annual rate of +22.9% from 2012 to 2022. At the same time, the Netherlands (+93.9%), the Czech Republic (+28.1%), Austria (+24.7%), Spain (+23.3%), France (+23.1%), Italy (+21.6%), Slovenia (+21.0%) and Sweden (+16.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of +93.9% from 2012-2022. While the share of the Netherlands (+7 p.p.), Germany (+6.4 p.p.), Austria (+3.3 p.p.), the Czech Republic (+3 p.p.) and France (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mill rolling roll supplying countries in Europe were Germany ($X), Austria ($X) and Slovenia ($X), together comprising 50% of total exports. Italy, France, Sweden, the Czech Republic, Spain and the Netherlands lagged somewhat behind, together comprising a further 32%.

The Netherlands, with a CAGR of +10.6%, 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 Europe stood at $X per unit in 2022, declining by -39.4% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the export price decreased by -2% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (-16.2%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in Europe

In 2022, overseas purchases of rolls for rolling mills decreased by -17% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 89% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports declined to $X in 2022. In general, imports showed a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 10%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the major importer of rolls for rolling mills in Europe, with the volume of imports resulting at X units, which was near 58% of total imports in 2022. Austria (X units) held the second position in the ranking, distantly followed by the UK (X units) and Switzerland (X units). All these countries together took approx. 36% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mill rolling roll imports into Russia stood at -1.3%. At the same time, Austria (+21.5%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in Europe, with a CAGR of +21.5% from 2012-2022. By contrast, Switzerland (-4.0%) and the UK (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Austria increased by +19 percentage points.

In value terms, Russia ($X) constitutes the largest market for imported rolls for rolling mills in Europe, comprising 16% of total imports. The second position in the ranking was held by Austria ($X), with a 3.4% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -6.2%. The remaining importing countries recorded the following average annual rates of imports growth: Austria (+2.2% per year) and the UK (+1.5% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, surging by 16% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 84%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform