EU: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in the EU

In 2022, the EU stainless steel angle market decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption saw a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Stainless Steel Angle Production in the EU

In value terms, stainless steel angle production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Stainless Steel Angle Exports

Exports in the EU

After two years of growth, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, stainless steel angle exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X tons), Italy (X tons) and Sweden (X tons), together finishing at X% of total export. Spain (X tons) ranks next in terms of the total exports with a X% share, followed by Luxembourg (X%), Poland (X%) and Belgium (X%). Austria (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Austria, Spain, Poland, Belgium and Luxembourg lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports in the EU

In 2022, after two years of growth, there was decline in purchases abroad of angles, shapes and sections of stainless steel or other alloy steel, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, stainless steel angle imports expanded significantly to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) represented roughly X% of total imports in 2022. Romania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Poland (X%), France (X%), Austria (X%) and Sweden (X%). Belgium (X tons), Slovakia (X tons), the Czech Republic (X tons) and Denmark (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle importing markets in the European Union were Germany ($X), Italy ($X) and Austria ($X), with a combined X% share of total imports. The Netherlands, Spain, France, Belgium, Poland, Sweden, the Czech Republic, Romania, Denmark and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, 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

In 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Romania ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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