Spain: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Spain

The Spanish non-alloy steel h-sections market contracted to $X in 2022, which is down by -4.1% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Alloy Steel H-Sections Production in Spain

In value terms, non-alloy steel h-sections production surged to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 81%. Non-alloy steel h-sections production peaked in 2022 and is likely to continue growth in years to come.

Non-Alloy Steel H-Sections Exports

Exports from Spain

In 2022, the amount of h-sections of of non-alloy steel exported from Spain declined to X tons, waning by -1.9% on the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, non-alloy steel h-sections exports surged to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 95%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey (X tons), France (X tons) and the UK (X tons) were the main destinations of non-alloy steel h-sections exports from Spain, together comprising 38% of total exports. Italy, Portugal, Germany, Greece, Belgium, Denmark, the Netherlands, Israel, Morocco and Romania lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Turkey ($X) were the largest markets for non-alloy steel h-sections exported from Spain worldwide, together comprising 37% of total exports. Italy, Portugal, Germany, Belgium, Greece, Denmark, the Netherlands, Israel, Romania and Morocco lagged somewhat behind, together comprising a further 48%.

Denmark, with a CAGR of +43.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average non-alloy steel h-sections export price amounted to $X per ton, rising by 23% against the previous year. Overall, the export price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Belgium ($X per ton), while the average price for exports to Turkey ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into Spain

Non-alloy steel h-sections imports into Spain shrank significantly to X tons in 2022, waning by -26.7% on the year before. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports dropped to $X in 2022. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Luxembourg (X tons) constituted the largest supplier of non-alloy steel h-sections to Spain, accounting for a 63% share of total imports. Moreover, non-alloy steel h-sections imports from Luxembourg exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Luxembourg totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.2% per year) and France (-3.0% per year).

In value terms, Luxembourg ($X) constituted the largest supplier of h-sections of of non-alloy steel to Spain, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Luxembourg was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and France (+3.1% per year).

Import Prices by Country

The average non-alloy steel h-sections import price stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel h-sections import price increased by +72.9% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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