EU: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in the EU

The EU iron or steel can market reached $X in 2023, surging by X% against the previous year. The total consumption indicated a perceptible expansion 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 2018 indices. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Iron or Steel Cans in the EU

In value terms, iron or steel can production stood at $X in 2023 estimated in export price. The total production indicated a perceptible 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, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2023 and is likely to see steady growth in years to come.

Exports of Iron or Steel Cans

Exports in the EU

After two years of decline, overseas shipments of iron or steel cans increased by X% to X units in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, iron or steel can exports expanded significantly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from the Netherlands (X units), Spain (X units) and Germany (X units), together reaching X% of total export. It was distantly followed by France (X units), Italy (X units) and the Czech Republic (X units), together mixing up a X% share of total exports. The following exporters - Belgium (X units), Poland (X units), Denmark (X units), Hungary (X units), Austria (X units), Bulgaria (X units) and Slovakia (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can supplying countries in the European Union were Spain ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total exports. France, Italy, Denmark, Belgium, Austria, the Czech Republic, Poland, Hungary, Bulgaria and Slovakia lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 the European Union stood at $X per thousand units in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per thousand units), while the Netherlands ($X per thousand units) was amongst the lowest.

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

Imports of Iron or Steel Cans

Imports in the EU

In 2023, approx. X units of iron or steel cans were imported in the European Union; with a decrease of X% compared with 2022 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports reached $X in 2023. Total imports indicated temperate growth 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 increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of iron or steel cans, namely Belgium, France, the Netherlands and Germany, represented more than two-thirds of total import. It was distantly followed by Poland (X units), comprising a X% share of total imports. The following importers - Portugal (X units), Ireland (X units), Romania (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Germany, Poland, Portugal, Spain, Romania and Ireland lagged somewhat behind, together accounting for a further X%.

Ireland, 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 thousand units, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Portugal ($X per thousand units), while Ireland ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform