Germany: Iron Angle Market 2024

Iron Angle Market Size in Germany

In 2021, the German iron angle market decreased by -49.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Iron Angle Production in Germany

In value terms, iron angle production declined markedly to $X in 2021 estimated in export price. In general, production saw a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 17%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Iron Angle Exports

Exports from Germany

In 2021, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports surged to $X in 2021. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Poland (X tons) and the UK (X tons) were the main destinations of iron angle exports from Germany, with a combined 40% share of total exports. France, the Czech Republic, Belgium, Italy, Switzerland, Austria, Sweden, Hungary, Denmark and the United States lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +4.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and the UK ($X) constituted the largest markets for iron angle exported from Germany worldwide, with a combined 37% share of total exports. France, Italy, Belgium, the Czech Republic, Switzerland, Austria, Sweden, Hungary, Denmark and the United States lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Hungary, with a CAGR of +5.7%, recorded the highest rates of growth with regard to 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

The average iron angle export price stood at $X per ton in 2021, growing by 50% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 Hungary (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Germany

In 2021, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports surged to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Luxembourg (X tons) constituted the largest iron angle supplier to Germany, with a 43% share of total imports. Moreover, iron angle imports from Luxembourg exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Luxembourg totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.3% per year) and Italy (-4.4% per year).

In value terms, Luxembourg ($X) constituted the largest supplier of angles, shapes and sections (of iron or non-alloy steel) to Germany, comprising 42% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Luxembourg amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.9% per year) and Poland (+4.0% per year).

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, surging by 55% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Switzerland ($X per ton) and Spain ($X per ton), while the price for the UK ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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