Germany: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Germany

In 2021, after two years of growth, there was decline in the German silicon-electrical steel flat-rolled product market, when its value decreased by -2.8% to $X. In general, consumption saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the market value increased by 3.6%. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Germany

In value terms, silicon-electrical steel flat-rolled product production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Germany

In 2021, silicon-electrical steel flat-rolled product exports from Germany skyrocketed to X tons, jumping by 19% against 2020 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Germany, with a 33% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+30.2% per year) and India (-0.4% per year).

In value terms, Italy ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Germany, comprising 31% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.9% per year) and India (+1.4% per year).

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, rising by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to India ($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 Spain (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Germany

In 2021, the amount of flat-rolled products of silicon-electrical steel imported into Germany soared to X tons, with an increase of 19% compared with 2020 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 25%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), France (X tons) and Italy (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Germany, together accounting for 67% of total imports. Slovakia, the Czech Republic, Belgium, Slovenia, Poland, the Netherlands, Sweden, Japan and South Korea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Italy ($X) constituted the largest silicon-electrical steel flat-rolled product suppliers to Germany, with a combined 61% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +16.1%, 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 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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