France: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in France

The French hot-rolled silico-manganese steel bar market declined sharply to $X in 2021, falling by -81.7% against the previous year. In general, consumption continues to indicate a sharp reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in France

In value terms, hot-rolled silico-manganese steel bar production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. Hot-rolled silico-manganese steel bar production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from France

In 2021, hot-rolled silico-manganese steel bar exports from France soared to X tons, with an increase of 194% on the previous year's figure. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 222% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. Overall, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from France, accounting for a 61% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Turkey (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +53.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.4% per year) and Turkey (-5.6% per year).

In value terms, Spain ($X) emerged as the key foreign market for hot-rolled bars of silico-manganese steel exports from France, comprising 52% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Romania, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.7% per year) and Romania (+39.0% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, reducing by -5.2% against the previous year. Overall, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2019 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into France

In 2021, approx. X tons of hot-rolled bars of silico-manganese steel were imported into France; surging by 12% compared with 2020 figures. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, hot-rolled silico-manganese steel bar imports surged to $X in 2021. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hot-rolled silico-manganese steel bar to France, with a 80% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. Sweden (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.3% per year) and Sweden (-15.4% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to France, comprising 79% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Sweden, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and Sweden (-15.6% per year).

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Finland ($X per ton) and Italy ($X per ton), while the price for the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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