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

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

The Luxembourg market for raw steel and steel semi-finished products reached $X in 2021, picking up by 4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of raw steel and steel semi-finished products reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 41%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Luxembourg

In 2021, overseas shipments of raw steel and steel semi-finished products increased by 92% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by 181% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 207% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

France (X tons) was the main destination for exports of raw steel and steel semi-finished products from Luxembourg, with a 26% share of total exports. Moreover, exports of raw steel and steel semi-finished products to France exceeded the volume sent to the second major destination, Iceland (X tons), twofold. Norway (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 totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+23.6% per year) and Norway (+9.3% per year).

In value terms, the largest markets for raw steel and steel semi-finished products exported from Luxembourg were France ($X), Norway ($X) and Iceland ($X), together accounting for 47% of total exports. Belgium, Germany, Argentina, Qatar, Australia and Spain lagged somewhat behind, together comprising a further 42%.

Qatar, with a CAGR of +73.7%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 raw steel and steel semi-finished products stood at $X per ton in 2021, almost unchanged from the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for raw steel and steel semi-finished products increased by +122.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 51% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($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 Spain (+7.6%), 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 Luxembourg

After two years of decline, purchases abroad of raw steel and steel semi-finished products increased by 63% to X tons in 2021. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of raw steel and steel semi-finished products skyrocketed to $X in 2021. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) was the main supplier of raw steel and steel semi-finished products to Luxembourg, with a 98% share of total imports. It was followed by Poland (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -5.1%.

In value terms, Germany ($X) constituted the largest supplier of raw steel and steel semi-finished products to Luxembourg, comprising 95% of total imports. The second position in the ranking was taken by Poland ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -5.9%.

Import Prices by Country

In 2021, the average import price for raw steel and steel semi-finished products amounted to $X per ton, jumping by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain 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 Poland ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+56.4%).

Source: IndexBox Platform

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