Europe: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Europe

In 2023, the Europe silicon-electrical steel flat-rolled product market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a temperate increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the near future.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Europe

In value terms, silicon-electrical steel flat-rolled product production expanded sharply to $X in 2023 estimated in export price. In general, production saw a mild setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Europe

In 2023, after two years of growth, there was significant decline in overseas shipments of flat-rolled products of silicon-electrical steel, when their volume decreased by X% to X tons. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports contracted to $X in 2023. Over the period under review, exports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Germany (X tons) and Russia (X tons) represented roughly X% of total exports in 2023. Austria (X tons) ranks next in terms of the total exports with a X% share, followed by France (X%), Poland (X%), Italy (X%) and Slovakia (X%). The Czech Republic (X tons) and Romania (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), Russia ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Austria, Poland, Italy, the Czech Republic, Slovakia and Romania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in Europe stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price posted a temperate increase. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in Europe

In 2023, after two years of growth, there was significant decline in overseas purchases of flat-rolled products of silicon-electrical steel, when their volume decreased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, silicon-electrical steel flat-rolled product imports dropped to $X in 2023. Overall, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Italy was the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by France (X tons), Germany (X tons), the Czech Republic (X tons) and Poland (X tons), together making up a X% share of total imports. Switzerland (X tons), Spain (X tons), Romania (X tons), Austria (X tons), Slovenia (X tons), Hungary (X tons), Belgium (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to silicon-electrical steel flat-rolled product imports into Italy stood at X%. At the same time, Slovenia (X%), Spain (X%), the Czech Republic (X%), Austria (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Switzerland and France experienced a relatively flat trend pattern. By contrast, Belarus (X%), Romania (X%), Hungary (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.) and Slovenia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Romania (X p.p.), Hungary (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported flat-rolled products of silicon-electrical steel in Europe, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Italy amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price enjoyed a notable increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform