Luxembourg: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Luxembourg

In 2021, the Luxembourg market for hot-rolled steel bars and rods was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a pronounced contraction. Hot-rolled steel bar and rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Steel Bars and Rods in Luxembourg

In value terms, hot-rolled steel bar and rod production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. Hot-rolled steel bar and rod production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Luxembourg

In 2021, hot-rolled steel bar and rod exports from Luxembourg declined markedly to X tons, falling by -47.7% on 2020 figures. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2016 with an increase of 15%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled steel bar and rod exports fell dramatically to $X in 2021. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of hot-rolled steel bar and rod exports from Luxembourg, with a combined 73% share of total exports. Italy, the Netherlands, Switzerland, Sweden and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of -0.1%), while the other leaders experienced a decline.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest markets for hot-rolled steel bar and rod exported from Luxembourg worldwide, with a combined 66% share of total exports. These countries were followed by Italy, Switzerland, the Netherlands, Sweden and Spain, which together accounted for a further 26%.

Switzerland, with a CAGR of +1.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for hot-rolled steel bars and rods stood at $X per ton in 2021, rising by 22% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Belgium ($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 Germany (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Luxembourg

In 2021, imports of hot-rolled steel bars and rods into Luxembourg declined to X tons, standing approx. at 2020 figures. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. 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, hot-rolled steel bar and rod imports skyrocketed to $X in 2021. In general, imports continue to indicate a slight shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hot-rolled steel bar and rod to Luxembourg, with a 68% share of total imports. Moreover, hot-rolled steel bar and rod imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.1% per year) and Poland (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled steel bars and rods to Luxembourg, comprising 71% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports. It was followed by Poland, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.1% per year) and Poland (-2.8% per year).

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, increasing by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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