Slovakia: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Slovakia

The Slovak cold-rolled steel products market surged to $X in 2023, rising by X% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. Cold-rolled steel products consumption peaked in 2023 and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Production in Slovakia

In value terms, cold-rolled steel products production expanded sharply to $X in 2023 estimated in export price. Overall, the total production indicated a modest 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Cold-Rolled Steel Products Exports

Exports from Slovakia

In 2023, cold-rolled steel products exports from Slovakia shrank to X tons, waning by X% on the previous year's figure. In general, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports contracted markedly to $X in 2023. Over the period under review, exports recorded a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. 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

The Czech Republic (X tons), Poland (X tons) and Romania (X tons) were the main destinations of cold-rolled steel products exports from Slovakia, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for cold-rolled steel products exported from Slovakia were the Czech Republic ($X), Poland ($X) and Romania ($X), with a combined X% share of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2023, which is down by X% against the previous year. In general, export price indicated a temperate 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. Based on 2023 figures, cold-rolled steel products export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Cold-Rolled Steel Products Imports

Imports into Slovakia

In 2023, imports of flat-rolled products of iron or steel (not further worked than cold-rolled) into Slovakia amounted to X tons, approximately equating 2022 figures. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its volume 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 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, cold-rolled steel products imports declined to $X in 2023. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded 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 lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of cold-rolled steel products to Slovakia, with a X% share of total imports. Moreover, cold-rolled steel products imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, import price indicated a pronounced 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, cold-rolled steel products import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform