EU: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in the EU

In 2022, the EU hot-rolled steel products market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a notable 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Hot-Rolled Steel Products Production in the EU

In value terms, hot-rolled steel products production rose markedly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Hot-Rolled Steel Products Exports

Exports in the EU

In 2022, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) exported in the European Union contracted to X tons, waning by X% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled steel products exports rose notably to $X in 2022. Total exports indicated a temperate increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), Germany (X tons) and France (X tons) represented the key exporter of flat-rolled products of iron or steel (not further worked than hot-rolled) in the European Union, committing X% of total export. The Netherlands (X tons) took the next position in the ranking, followed by Italy (X tons), Slovakia (X tons), Sweden (X tons) and Austria (X tons). All these countries together took approx. X% share of total exports. The following exporters - Finland (X tons), Poland (X tons), Romania (X tons), Spain (X tons) and Denmark (X tons) - each resulted at a X% share of total exports.

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

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, Sweden, the Netherlands, Austria, Finland, Slovakia, Spain, Poland, Denmark and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Denmark, with a CAGR of X%, recorded 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

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price 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, hot-rolled steel products export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Sweden ($X per ton), while Slovakia ($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.

Hot-Rolled Steel Products Imports

Imports in the EU

Hot-rolled steel products imports dropped to X tons in 2022, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, hot-rolled steel products imports rose sharply to $X in 2022. Total imports indicated strong growth 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 pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Italy (X tons), Germany (X tons), Spain (X tons), Poland (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons), the Czech Republic (X tons), Austria (X tons), Portugal (X tons), Hungary (X tons) and Greece (X tons) represented the major importer of flat-rolled products of iron or steel (not further worked than hot-rolled) in the European Union, constituting X% of total import.

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

In value terms, Italy ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Poland, Spain, Belgium, the Netherlands, the Czech Republic, Austria, Portugal, Hungary and Greece lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw 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, with an increase of X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price 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, hot-rolled steel products import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while Portugal ($X per ton) and Greece ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :