Switzerland: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Switzerland

The Swiss non-alloy steel u-section market shrank dramatically to $X in 2022, waning by -29.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced reduction. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Non-Alloy Steel U-Section Exports

Exports from Switzerland

Non-alloy steel u-section exports from Switzerland soared to X tons in 2022, with an increase of 4,215% compared with the year before. Overall, exports saw a prominent increase. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports soared to $X in 2022. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for non-alloy steel u-section exports from Switzerland, accounting for a 60% share of total exports. Moreover, non-alloy steel u-section exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. France (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.1% per year) and France (+7.3% per year).

In value terms, Italy ($X) emerged as the key foreign market for u-sections of non-alloy steel exports from Switzerland, comprising 58% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports. It was followed by France, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.7% per year) and France (+12.0% per year).

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, reducing by -45.6% against the previous year. Over the period under review, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) and France ($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 Italy (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Switzerland

In 2022, supplies from abroad of u-sections of non-alloy steel decreased by -11.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 5.6% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports rose rapidly to $X in 2022. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest non-alloy steel u-section supplier to Switzerland, with a 75% share of total imports. Moreover, non-alloy steel u-section imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. Italy (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.3% per year) and Italy (-11.0% per year).

In value terms, Germany ($X) constituted the largest supplier of u-sections of non-alloy steel to Switzerland, comprising 74% of total imports. The second position in the ranking was taken by Poland ($X), with a 6.5% share of total imports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.0% per year) and Italy (-5.3% per year).

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, with an increase of 27% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 u-section import price increased by +93.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 53%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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