United Kingdom: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in the UK

In 2021, after two years of decline, there was significant growth in the UK iron or steel can market, when its value increased by 58% to $X. Overall, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Iron or Steel Cans in the UK

In value terms, iron or steel can production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.1%. Iron or steel can production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Iron or Steel Cans

Exports from the UK

Iron or steel can exports from the UK fell remarkably to X units in 2021, which is down by -22.8% compared with 2020. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 41%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel can exports declined modestly to $X in 2021. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X units), France (X units) and the United States (X units) were the main destinations of iron or steel can exports from the UK, together comprising 77% of total exports. These countries were followed by Ireland, Germany, the Netherlands, Greece and Italy, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +145.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel can exported from the UK were Belgium ($X), the United States ($X) and France ($X), with a combined 76% share of total exports. These countries were followed by Ireland, Germany, the Netherlands, Greece and Italy, which together accounted for a further 20%.

Among the main countries of destination, Greece, with a CAGR of +113.9%, saw the highest rates of growth with regard to 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

The average iron or steel can export price stood at $X per unit in 2021, increasing by 29% against the previous year. In general, the export price, however, continues to indicate a mild decline. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cans

Imports into the UK

In 2021, overseas purchases of iron or steel cans increased by 73% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed moderate growth. The pace of growth appeared the most rapid in 2018 when imports increased by 178%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports surged to $X in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 108%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest iron or steel can supplier to the UK, accounting for a 31% share of total imports. Moreover, iron or steel can imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.0% per year) and the Netherlands (-3.5% per year).

In value terms, the largest iron or steel can suppliers to the UK were Turkey ($X), Spain ($X) and China ($X), together accounting for 57% of total imports. These countries were followed by the Netherlands, Portugal, Germany, Italy, Russia and Poland, which together accounted for a further 31%.

In terms of the main suppliers, Russia, with a CAGR of +835.5%, recorded the highest rates of growth with regard to 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 iron or steel can import price stood at $X per unit in 2021, with a decrease of -7.3% against the previous year. Overall, the import price, however, showed a slight expansion. The growth pace was the most rapid in 2020 an increase of 75%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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