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

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

In 2021, the Irish silicon-electrical steel flat-rolled product market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a perceptible slump. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, silicon-electrical steel flat-rolled product production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. Silicon-electrical steel flat-rolled product production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Ireland

In 2021, the amount of flat-rolled products of silicon-electrical steel exported from Ireland expanded notably to X tons, rising by 6.7% compared with 2020 figures. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,735%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,310% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Ireland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +109.6%.

In value terms, the UK ($X) also remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +69.4%.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, surging by 41% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +7.2% per year.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Ireland

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel increased by 33% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 36%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest silicon-electrical steel flat-rolled product supplier to Ireland, accounting for a 47% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.1% per year) and Poland (+46.5% per year).

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Ireland, comprising 47% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+41.7% per year) and the Netherlands (+22.9% per year).

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, declining by -7.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the UK ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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