Netherlands: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in the Netherlands

The Dutch hot-rolled silico-manganese steel bar market contracted modestly to $X in 2023, which is down by X% against the previous year. In general, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in the Netherlands

In value terms, hot-rolled silico-manganese steel bar production shrank to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from the Netherlands

In 2023, the amount of hot-rolled bars of silico-manganese steel exported from the Netherlands soared to X tons, surging by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2023. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from the Netherlands, with a X% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Guyana (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Guyana (X% per year).

In value terms, Belgium ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from the Netherlands, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2023.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into the Netherlands

In 2023, after two years of growth, there was significant decline in overseas purchases of hot-rolled bars of silico-manganese steel, when their volume decreased by X% to X tons. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2022, and then fell notably in the following year.

In value terms, hot-rolled silico-manganese steel bar imports fell notably to $X in 2023. Over the period under review, imports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then declined remarkably in the following year.

Imports by Country

In 2023, Germany (X tons) constituted the largest hot-rolled silico-manganese steel bar supplier to the Netherlands, with a X% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and South Korea (X% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to the Netherlands, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained 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 supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform