Spain: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in Spain

The Spanish non-alloy steel u-section market fell to $X in 2022, with a decrease of -5% against the previous year. Over the period under review, consumption saw a deep reduction. Non-alloy steel u-section consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel U-Section Production in Spain

In value terms, non-alloy steel u-section production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Non-alloy steel u-section production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Alloy Steel U-Section Exports

Exports from Spain

In 2022, approx. X tons of u-sections of non-alloy steel were exported from Spain; falling by -12.3% against the previous year. Over the period under review, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2017 when exports increased by 10% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-alloy steel u-section exports expanded remarkably to $X in 2022. In general, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and the UK (X tons) were the main destinations of non-alloy steel u-section exports from Spain, together accounting for 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel u-section exported from Spain were France ($X), Italy ($X) and the UK ($X), together accounting for 50% of total exports.

Italy, with a CAGR of +22.5%, recorded 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 u-section export price amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the export price posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and the UK ($X per ton), while the average price for exports to Morocco ($X per ton) and Turkey ($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 the Netherlands (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Spain

In 2022, overseas purchases of u-sections of non-alloy steel increased by 26% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a slight increase. The pace of growth was the most pronounced in 2016 when imports increased by 49% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section imports totaled $X in 2022. Overall, imports continue to indicate a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest non-alloy steel u-section supplier to Spain, with a 52% share of total imports. Moreover, non-alloy steel u-section imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled +57.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.7% per year) and France (-3.9% per year).

In value terms, the largest non-alloy steel u-section suppliers to Spain were Portugal ($X), Italy ($X) and Germany ($X), with a combined 77% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +45.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy steel u-section import price stood at $X per ton in 2022, waning by -12.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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