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

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

For the third year in a row, the German hot-rolled silico-manganese steel bar market recorded decline in sales value, which decreased by -4.1% to $X in 2021. Over the period under review, consumption saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

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

In value terms, hot-rolled silico-manganese steel bar production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.8% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 75% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Germany

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 68%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Germany, with a 49% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to France exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Lithuania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+371.4% per year) and Lithuania (+260.3% per year).

In value terms, France ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Germany, comprising 45% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+361.6% per year) and Sweden (-5.4% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Germany

In 2021, hot-rolled silico-manganese steel bar imports into Germany skyrocketed to X tons, increasing by 112% compared with the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. In general, imports enjoyed a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Germany, together accounting for 82% 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 +160.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Germany, comprising 45% of total imports. The second position in the ranking was held by Russia ($X), with a 21% share of total imports. It was followed by Italy, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+177.9% per year) and Italy (-2.5% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, growing by 29% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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