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

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

After two years of decline, the Italian market for raw steel and steel semi-finished products increased by 30% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of raw steel and steel semi-finished products skyrocketed to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Italy

After two years of decline, overseas shipments of raw steel and steel semi-finished products increased by 19% to X tons in 2021. In general, exports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2021. Overall, exports, however, showed a perceptible downturn. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and Spain (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Italy, together comprising 49% of total exports. These countries were followed by Canada, Turkey, France, the Czech Republic, India, Switzerland, Belgium, Romania, Tunisia and Brazil, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +89.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Italy, comprising 24% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Spain, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.4% per year) and Spain (-0.7% per year).

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2021, surging by 37% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Tunisia ($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 Belgium (+13.0%), 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 Italy

In 2021, imports of raw steel and steel semi-finished products into Italy skyrocketed to X tons, rising by 23% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2019; however, from 2020 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. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of raw steel and steel semi-finished products to Italy, with a 49% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by India (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+0.9% per year) and India (+60.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of raw steel and steel semi-finished products to Italy, comprising 47% of total imports. The second position in the ranking was held by Russia ($X), with a 16% share of total imports. It was followed by India, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Ukraine totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.2% per year) and India (+49.5% per year).

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2021, growing by 58% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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