EU: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in the EU

After two years of growth, the EU flat cold-rolled steel coils market decreased by X% to $X in 2023. Overall, consumption continues to indicate a mild setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Flat Cold-Rolled Steel in Coils in the EU

In value terms, flat cold-rolled steel coils production amounted to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Flat Cold-Rolled Steel in Coils

Exports in the EU

In 2023, flat cold-rolled steel coils exports in the European Union fell modestly to X tons, approximately equating the previous year's figure. Over the period under review, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports dropped dramatically to $X in 2023. Overall, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Belgium (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Austria (X tons), Sweden (X tons), Italy (X tons), Slovakia (X tons) and France (X tons) represented the major exporters of flat cold-rolled steel in coils, together constituting X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Sweden, Austria, Italy, Slovakia and France lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Sweden ($X per ton) and Italy ($X per ton), while Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Flat Cold-Rolled Steel in Coils

Imports in the EU

In 2023, flat cold-rolled steel coils imports in the European Union reduced modestly to X tons, with a decrease of X% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, flat cold-rolled steel coils imports declined rapidly to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Belgium (X tons), Germany (X tons), Poland (X tons), Italy (X tons), Spain (X tons), France (X tons), the Netherlands (X tons) and the Czech Republic (X tons) represented the main importer of flat cold-rolled steel in coils in the European Union, making up X% of total import.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat cold-rolled steel coils importing markets in the European Union were Belgium ($X), Germany ($X) and Poland ($X), together comprising X% of total imports. Italy, Spain, France, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. Import price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat cold-rolled steel coils import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Poland ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform