Germany: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Germany

The German market for welded and cold-formed sections of steel stood at $X in 2022, surging by 4.8% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in Germany

In value terms, welded and cold-formed steel sections production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 35%. Welded and cold-formed steel sections production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Germany

In 2022, approx. X tons of welded and cold-formed sections of steel were exported from Germany; with an increase of 2% against the previous year's figure. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 358% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, welded and cold-formed steel sections exports dropped to $X in 2022. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 263% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

France (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of welded and cold-formed steel sections exports from Germany, with a combined 43% share of total exports. Poland, Italy, Romania, Belgium, Denmark, Spain, Hungary, Finland, Turkey and the Czech Republic lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +94.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and the Netherlands ($X) constituted the largest markets for welded and cold-formed steel sections exported from Germany worldwide, together comprising 40% of total exports. Poland, Italy, Belgium, Romania, Denmark, Spain, the Czech Republic, Hungary, Finland and Turkey lagged somewhat behind, together accounting for a further 44%.

Among the main countries of destination, Finland, with a CAGR of +81.0%, recorded the highest growth rate of 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 export price for welded and cold-formed sections of steel stood at $X per ton in 2022, falling by -11.6% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Finland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Germany

In 2022, supplies from abroad of welded and cold-formed sections of steel increased by 34% to X tons, rising for the fourth year in a row after two years of decline. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, welded and cold-formed steel sections imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), Switzerland (X tons) and Poland (X tons) were the main suppliers of welded and cold-formed steel sections imports to Germany, together comprising 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +174.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of welded and cold-formed sections of steel to Germany, comprising 35% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.0% per year) and Spain (+172.5% per year).

Import Prices by Country

The average import price for welded and cold-formed sections of steel stood at $X per ton in 2022, reducing by -8.6% against the previous year. In general, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Switzerland ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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