Europe: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Europe

In 2022, the Europe non-alloy steel u-section market increased by 7.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a mild descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel U-Section Production in Europe

In value terms, non-alloy steel u-section production stood at $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 32%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports in Europe

In 2022, approx. X tons of u-sections of non-alloy steel were exported in Europe; waning by -20.8% against the previous year's figure. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 1.9% 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 remained at a lower figure.

In value terms, non-alloy steel u-section exports shrank modestly to $X in 2022. Overall, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 55%. 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

The shipments of the four major exporters of u-sections of non-alloy steel, namely Spain, Germany, Poland and Russia, represented more than two-thirds of total export. Italy (X tons) ranks next in terms of the total exports with a 7.8% share, followed by the Czech Republic (5.4%). France (X tons) followed a long way behind the leaders.

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 mixed trends in the exports figures.

In value terms, the largest non-alloy steel u-section supplying countries in Europe were Spain ($X), Germany ($X) and Poland ($X), together comprising 61% of total exports. Russia, Italy, the Czech Republic and France lagged somewhat behind, together accounting for a further 25%.

The Czech Republic, with a CAGR of +7.7%, saw the highest rates of growth with regard to 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

The export price in Europe stood at $X per ton in 2022, jumping by 24% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +87.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 52% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was 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 Europe

In 2022, purchases abroad of u-sections of non-alloy steel was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2018 with an increase of 6.1% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Russia (X tons), distantly followed by Germany (X tons), France (X tons), the Netherlands (X tons), the UK (X tons), Poland (X tons), the Czech Republic (X tons) and Italy (X tons) represented the key importers of u-sections of non-alloy steel, together comprising 65% of total imports. The following importers - Belarus (X tons), Belgium (X tons), Austria (X tons), Romania (X tons) and Portugal (X tons) - together made up 13% of total imports.

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 Russia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 29% share of total imports. The Netherlands, the UK, Poland, the Czech Republic, Italy, Belgium, Austria, Belarus, Portugal and Romania lagged somewhat behind, together accounting for a further 46%.

In terms of the main importing countries, Italy, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, jumping by 17% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +78.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 53%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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