Europe: Iron Angle Market 2024

Iron Angle Market Size in Europe

The Europe iron angle market totaled $X in 2023, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Iron Angle Production in Europe

In value terms, iron angle production contracted to $X in 2023 estimated in export price. Overall, production, however, showed a slight curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Iron Angle Exports

Exports in Europe

In 2023, exports of angles, shapes and sections (of iron or non-alloy steel) in Europe totaled X tons, with an increase of X% compared with the previous year. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron angle exports shrank markedly to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then declined notably in the following year.

Exports by Country

In 2023, Spain (X tons), distantly followed by Germany (X tons), Luxembourg (X tons), Poland (X tons), Italy (X tons) and Russia (X tons) were the largest exporters of angles, shapes and sections (of iron or non-alloy steel), together constituting X% of total exports. The UK (X tons) followed a long way behind the leaders.

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

In value terms, Spain ($X), Germany ($X) and Luxembourg ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Poland, Italy, the UK and Russia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the UK, 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 more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, falling by X% against the previous year. Export price indicated a notable expansion 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. Based on 2023 figures, iron angle export 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. The level of export peaked at $X per ton in 2022, and then shrank sharply in the following year.

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

From 2012 to 2023, 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.

Iron Angle Imports

Imports in Europe

In 2023, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were imported in Europe; surging by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, iron angle imports dropped remarkably to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined rapidly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons), France (X tons), the UK (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), the Czech Republic (X tons), Portugal (X tons), Romania (X tons), Hungary (X tons) and Greece (X tons) represented roughly X% of total imports in 2023. Denmark (X tons) took a minor share of total imports.

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

In value terms, the largest iron angle importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. The UK, Italy, Belgium, Poland, the Czech Republic, Portugal, Romania, Hungary, Denmark and Greece lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Europe stood at $X per ton in 2023, dropping by X% against the previous year. Import price indicated a modest increase 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 most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while the Netherlands ($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