Slovakia: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in Slovakia

The Slovak flat-rolled steel products market surged to $X in 2021, increasing by 298% against the previous year. In general, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Production in Slovakia

In value terms, flat-rolled steel products production soared to $X in 2021 estimated in export price. Overall, production showed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Exports

Exports from Slovakia

In 2021, the amount of flat-rolled products of iron or non-alloy steel exported from Slovakia rose rapidly to X tons, surging by 5.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 5.5%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, flat-rolled steel products exports surged to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of flat-rolled steel products exports from Slovakia, together comprising 53% of total exports. These countries were followed by the Czech Republic, Germany, Ukraine, Denmark, the Netherlands, Turkey, Austria, Bulgaria, Russia and France, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Slovakia were Italy ($X), Poland ($X) and Hungary ($X), together comprising 53% of total exports. These countries were followed by the Czech Republic, Germany, Turkey, Ukraine, Denmark, the Netherlands, Austria, Bulgaria, Russia and France, which together accounted for a further 39%.

In terms of the main countries of destination, France, with a CAGR of +32.6%, 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 2021, the average flat-rolled steel products export price amounted to $X per ton, surging by 18% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Russia ($X per ton), while the average price for exports to France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Slovakia

After three years of decline, overseas purchases of flat-rolled products of iron or non-alloy steel increased by 12% to X tons in 2021. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.7% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flat-rolled steel products imports soared to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of flat-rolled steel products imports to Slovakia, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +90.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Germany ($X) were the largest flat-rolled steel products suppliers to Slovakia, with a combined 69% share of total imports. These countries were followed by the Czech Republic, Hungary, Austria, China, France, Serbia and the UK, which together accounted for a further 29%.

Austria, with a CAGR of +78.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flat-rolled steel products import price stood at $X per ton in 2021, with an increase of 91% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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