France: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in France

For the third year in a row, the French concrete reinforcing bar market recorded growth in sales value, which increased by 7.9% to $X in 2022. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.0% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Concrete Reinforcing Bar Production in France

In value terms, concrete reinforcing bar production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports from France

In 2022, overseas shipments of concrete reinforcing bars increased by 2.8% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports skyrocketed to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +128.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of concrete reinforcing bar exports from France, together accounting for 80% of total exports. Luxembourg, the Netherlands, Italy and Spain lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete reinforcing bar exported from France were Germany ($X), Belgium ($X) and the UK ($X), together comprising 78% of total exports. Luxembourg, the Netherlands, Italy and Spain lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Spain, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Italy ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into France

In 2022, approx. X tons of concrete reinforcing bars were imported into France; falling by -13.3% against the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, concrete reinforcing bar imports reached $X in 2022. Over the period under review, imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2021 with an increase of 78% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of concrete reinforcing bar imports to France, together accounting for 84% of total imports. Belgium, Turkey and Poland lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing bar suppliers to France were Italy ($X), Spain ($X) and Germany ($X), with a combined 83% share of total imports. Belgium, Poland and Turkey lagged somewhat behind, together accounting for a further 13%.

Poland, with a CAGR of +33.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +71.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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