United Kingdom: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in the UK

The UK iron or steel towers market rose sharply to $X in 2021, increasing by 11% against the previous year. In general, consumption saw a temperate expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Production of Iron Or Steel Towers And Lattice Masts in the UK

In value terms, iron or steel towers production stood at $X in 2021 estimated in export price. In general, production, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 2.9% against the previous year. Iron or steel towers production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from the UK

Iron or steel towers exports from the UK skyrocketed to X tons in 2021, rising by 142% on the year before. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 230% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron or steel towers exports skyrocketed to $X in 2021. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 206%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for iron or steel towers exports from the UK, with a 61% share of total exports. Moreover, iron or steel towers exports to Poland exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.8% per year) and the Netherlands (+182.3% per year).

In value terms, Poland ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for iron or steel towers exported from the UK worldwide, with a combined 63% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +189.2%, saw the highest growth rate of 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 towers export price stood at $X per ton in 2021, shrinking by -37.9% against the previous year. Overall, the export price recorded a mild contraction. The growth pace was the most rapid in 2019 when the average export price increased by 86%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Denmark ($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 Ireland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into the UK

In 2021, supplies from abroad of iron or steel towers and lattice masts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed resilient growth. The growth pace was the most rapid in 2018 with an increase of 541% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, iron or steel towers imports reached $X in 2021. Over the period under review, imports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 702% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Denmark (X tons) were the main suppliers of iron or steel towers imports to the UK, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +180.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Denmark ($X) constituted the largest iron or steel towers suppliers to the UK, together comprising 85% of total imports.

The United Arab Emirates, with a CAGR of +191.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iron or steel towers import price amounted to $X per ton, with a decrease of -29.8% against the previous year. Overall, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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