Germany: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Germany

In 2021, the German market for raw steel and steel semi-finished products increased by 33% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a pronounced curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Germany

In value terms, production of raw steel and steel semi-finished products soared to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable decrease. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Germany

In 2021, overseas shipments of raw steel and steel semi-finished products increased by 13% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of raw steel and steel semi-finished products skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

France (X tons) was the main destination for exports of raw steel and steel semi-finished products from Germany, with a 60% share of total exports. Moreover, exports of raw steel and steel semi-finished products to France exceeded the volume sent to the second major destination, Poland (X tons), sixfold. Spain (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.9% per year) and Spain (+22.0% per year).

In value terms, France ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Germany, comprising 53% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.1% share of total exports. It was followed by Spain, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to France totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+14.8% per year) and Spain (+24.4% per year).

Export Prices by Country

In 2021, the average export price for raw steel and steel semi-finished products amounted to $X per ton, with an increase of 37% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Belgium ($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 Austria (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Germany

In 2021, supplies from abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a pronounced decline. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products soared to $X in 2021. Overall, imports, however, saw a perceptible downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Germany, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Italy ($X) and the Netherlands ($X) constituted the largest raw steel and steel semi-finished products suppliers to Germany, with a combined 51% share of total imports.

Russia, with a CAGR of +20.2%, saw 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

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2021, picking up by 4% against the previous year. In general, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for raw steel and steel semi-finished products increased by +103.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 25%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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