Eastern Europe: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Eastern Europe

For the seventh year in a row, the East European cold-rolled steel products market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Production in Eastern Europe

In value terms, cold-rolled steel products production expanded modestly to $X in 2022 estimated in export price. The total production indicated moderate 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Cold-Rolled Steel Products Exports

Exports in Eastern Europe

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported in Eastern Europe; dropping by X% on the previous year's figure. Overall, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cold-rolled steel products exports contracted to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Russia was the largest exporter of flat-rolled products of iron or steel (not further worked than cold-rolled) in Eastern Europe, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Slovakia (X tons) took the second position in the ranking, followed by Bulgaria (X tons), Poland (X tons), Ukraine (X tons), Romania (X tons), Hungary (X tons) and the Czech Republic (X tons). All these countries together took near X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%), Poland (X%), the Czech Republic (X%) and Romania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%), Hungary (X%) and Ukraine (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.), Poland (X p.p.), Romania (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and Ukraine saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Slovakia, Bulgaria, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price saw a moderate increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export 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 Romania ($X per ton), while Russia ($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.

Cold-Rolled Steel Products Imports

Imports in Eastern Europe

Cold-rolled steel products imports shrank markedly to X tons in 2022, falling by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, cold-rolled steel products imports amounted to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Hungary (X tons), Slovakia (X tons), Belarus (X tons) and Romania (X tons) represented the major importers of flat-rolled products of iron or steel (not further worked than cold-rolled), together constituting X% of total imports.

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

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Poland, 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

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a notable 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, cold-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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