Global Iron Angle Market 2024

Iron Angle Market Size

The global iron angle market expanded notably to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a noticeable 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, consumption decreased by X% against 2020 indices. Over the period under review, the global market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Iron Angle Production

In value terms, iron angle production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Iron Angle Exports

Exports

In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron angle exports skyrocketed to $X in 2022. Overall, total exports indicated measured 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons), Spain (X tons), Turkey (X tons), Luxembourg (X tons) and Germany (X tons) represented the largest exporter of angles, shapes and sections (of iron or non-alloy steel) in the world, creating X% of total export. It was distantly followed by South Korea (X tons), making up a X% share of total exports. Japan (X tons), Italy (X tons), Poland (X tons), the United States (X tons), the United Arab Emirates (X tons), Thailand (X tons) and the UK (X tons) followed a long way behind the leaders.

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

In value terms, the largest iron angle supplying countries worldwide were China ($X), Spain ($X) and Germany ($X), together accounting for X% of global exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a temperate 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, iron angle export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Iron Angle Imports

Imports

In 2022, global imports of angles, shapes and sections (of iron or non-alloy steel) dropped slightly to X tons, declining by X% compared with the year before. Over the period under review, imports showed a slight slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, iron angle imports soared to $X in 2022. Overall, total imports indicated a mild 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 growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Canada (X tons), South Korea (X tons), the United States (X tons), France (X tons), the Netherlands (X tons), Malaysia (X tons), the UK (X tons), the United Arab Emirates (X tons), the Philippines (X tons), Italy (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022. Belgium (X tons) held a relatively small 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 the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. France, the Netherlands, South Korea, the UK, Malaysia, Italy, Belgium, the United Arab Emirates, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import 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, iron angle import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($X per ton) and the Netherlands ($X per ton), while the Philippines ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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