Luxembourg: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Luxembourg

In 2022, the Luxembourg cold-rolled steel products market decreased by -19% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cold-Rolled Steel Products Exports

Exports from Luxembourg

In 2022, shipments abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -0.1% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cold-rolled steel products exports dropped dramatically to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for cold-rolled steel products exports from Luxembourg, accounting for a 67% share of total exports. Moreover, cold-rolled steel products exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.8% per year) and Germany (-26.4% per year).

In value terms, France ($X) emerged as the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Luxembourg, comprising 70% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Belgium, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.2% per year) and Belgium (-21.8% per year).

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, falling by -22.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 an increase of 56%. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Luxembourg

Cold-rolled steel products imports into Luxembourg reduced notably to X tons in 2022, with a decrease of -17.8% on the year before. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cold-rolled steel products imports declined sharply to $X in 2022. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 11% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Romania (X tons) were the main suppliers of cold-rolled steel products imports to Luxembourg, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +38.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cold-rolled steel products suppliers to Luxembourg were Germany ($X), Belgium ($X) and Romania ($X), with a combined 87% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +30.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +58.6% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the price for Romania ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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