United Kingdom: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in the UK

For the third consecutive year, the UK stainless steel angle market recorded decline in sales value, which decreased by -4% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. Stainless steel angle consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Stainless Steel Angle Production in the UK

In value terms, stainless steel angle production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 47%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Stainless Steel Angle Exports

Exports from the UK

In 2021, after three years of decline, there was significant growth in overseas shipments of angles, shapes and sections of stainless steel or other alloy steel, when their volume increased by 82% to X tons. In general, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for stainless steel angle exports from the UK, with a 42% share of total exports. Moreover, stainless steel angle exports to the United States exceeded the volume sent to the second major destination, China (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+25.9% per year) and Brazil (+0.2% per year).

In value terms, the United States ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from the UK, comprising 36% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Brazil, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.8% per year) and Brazil (-4.9% per year).

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Brazil ($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 Canada (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into the UK

In 2021, the amount of angles, shapes and sections of stainless steel or other alloy steel imported into the UK surged to X tons, rising by 62% compared with 2020. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel angle imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of stainless steel angle imports to the UK, with a combined 66% share of total imports. India, Germany, the Netherlands and China lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +54.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Spain ($X) appeared to be the largest stainless steel angle suppliers to the UK, together accounting for 57% of total imports. These countries were followed by Italy, India, the Netherlands and China, which together accounted for a further 33%.

In terms of the main suppliers, the Netherlands, with a CAGR of +49.1%, 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 stainless steel angle import price stood at $X per ton in 2021, declining by -19.4% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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