Poland: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Poland

The Polish hot-rolled silico-manganese steel bar market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, faced a drastic downturn. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Poland

In value terms, hot-rolled silico-manganese steel bar production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Poland

In 2021, exports of hot-rolled bars of silico-manganese steel from Poland surged to X tons, picking up by 198% on 2020. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports skyrocketed to $X in 2021. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 382% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Poland, with a 90% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to the Czech Republic exceeded the volume sent to the second major destination, Latvia (X tons), more than tenfold. Ukraine (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +133.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+32.1% per year) and Ukraine (+91.2% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for hot-rolled bars of silico-manganese steel exports from Poland, comprising 86% of total exports. The second position in the ranking was held by Latvia ($X), with a 10% share of total exports. It was followed by Ukraine, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to +135.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+34.2% per year) and Ukraine (+60.1% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, shrinking by -21.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Ukraine ($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 Slovakia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Poland

In 2021, purchases abroad of hot-rolled bars of silico-manganese steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 53%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Poland, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Poland, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Sweden, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and Sweden (+7.3% per year).

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Italy ($X per ton), while the price for the Czech Republic ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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