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

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

In 2021, after two years of decline, there was significant growth in the Luxembourg silicon-electrical steel flat-rolled product market, when its value increased by 89% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level 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 Luxembourg

In value terms, silicon-electrical steel flat-rolled product production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt contraction. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Luxembourg

In 2019, overseas shipments of flat-rolled products of silicon-electrical steel decreased by -52.6% to X tons for the first time since 2016, thus ending a two-year rising trend. In general, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2014 when exports increased by 93%. As a result, the exports attained the peak of X tons. From 2015 to 2019, the growth of the exports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product exports dropped dramatically to $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 92% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Austria (X tons) and Slovenia (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Luxembourg, with a combined 95% share of total exports.

From 2012 to 2019, the biggest increases were recorded for Austria (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Luxembourg were Croatia ($X), Austria ($X) and Slovenia ($X), together accounting for 91% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +65.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2018 when the average export price increased by 11%. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Luxembourg

In 2021, silicon-electrical steel flat-rolled product imports into Luxembourg soared to X tons, with an increase of 6,337% on the year before. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Luxembourg, with a 80% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from France stood at +23.9%.

In value terms, France ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Luxembourg, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+64.8% per year) and Germany (-31.3% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, with a decrease of -89.1% against the previous year. In general, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 132% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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