Global Non-Alloy Steel H-Sections Market is Estimated at $17.9B - Global Trade Magazine
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  February 21st, 2020 | Written by

Global Non-Alloy Steel H-Sections Market is Estimated at $17.9B

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  • From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea.
  • In value terms, non-alloy steel h-sections exports amounted to $4.3B (IndexBox estimates) in 2018.
  • Global exports stood at 6.2M tonnes in 2018, surging by 4.9% against the previous year.

IndexBox has just published a new report: ‘World – H-Sections Of Of Non-Alloy Steel – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global non-alloy steel h-sections market revenue amounted to $17.9B in 2018, rising by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Exports 2007-2018

Global exports stood at 6.2M tonnes in 2018, surging by 4.9% against the previous year. Over the period under review, non-alloy steel h-sections exports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2010 with an increase of 25% against the previous year. The global exports peaked at 9M tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections exports amounted to $4.3B (IndexBox estimates) in 2018. In general, non-alloy steel h-sections exports, however, continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2010 when exports increased by 31% year-to-year. The global exports peaked at $8.4B in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Luxembourg (1,099K tonnes), South Korea (1,070K tonnes), Germany (805K tonnes) and Spain (665K tonnes) represented the key exporter of h-sections of of non-alloy steel exported in the world, making up 59% of total export. It was distantly followed by the U.S. (305K tonnes), committing a 4.9% share of total exports. The following exporters – Japan (230K tonnes), Thailand (229K tonnes), the United Arab Emirates (212K tonnes), Italy (200K tonnes), Taiwan, Chinese (195K tonnes), Poland (181K tonnes) and the UK (158K tonnes) – together made up 23% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections supplying countries worldwide were Luxembourg ($794M), South Korea ($688M) and Germany ($598M), with a combined 48% share of global exports. Spain, the U.S., Japan, the United Arab Emirates, Thailand, Italy, Taiwan, Chinese, Poland and the UK lagged somewhat behind, together comprising a further 39%.

The United Arab Emirates experienced the highest growth rate of the value of exports, among the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average non-alloy steel h-sections export price amounted to $699 per tonne, going up by 18% against the previous year. Over the period under review, the non-alloy steel h-sections export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by 37% year-to-year. In that year, the average export prices for h-sections of of non-alloy steel attained their peak level of $1,053 per tonne. From 2009 to 2018, the growth in terms of the average export prices for h-sections of of non-alloy steel remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the U.S. ($948 per tonne) and Germany ($743 per tonne), while South Korea ($643 per tonne) and the UK ($650 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the export price figures.

Imports 2007-2018

In 2018, approx. 6.4M tonnes of h-sections of of non-alloy steel were imported worldwide; growing by 2.3% against the previous year. In general, non-alloy steel h-sections imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 with an increase of 23% year-to-year. The global imports peaked at 7.7M tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, non-alloy steel h-sections imports totaled $4.4B (IndexBox estimates) in 2018. Over the period under review, non-alloy steel h-sections imports, however, continue to indicate a significant shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by 26% against the previous year. The global imports peaked at $7.6B in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of non-alloy steel h-sections imports in 2018 were Canada (592K tonnes), Germany (450K tonnes), South Korea (377K tonnes), the U.S. (356K tonnes), the Netherlands (348K tonnes), China, Hong Kong SAR (293K tonnes), Turkey (255K tonnes), the UK (253K tonnes), France (213K tonnes), Belgium (191K tonnes), Myanmar (186K tonnes) and Malaysia (160K tonnes), together accounting for 57% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Myanmar, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections importing markets worldwide were Canada ($466M), Germany ($316M) and the Netherlands ($261M), together accounting for 24% of global imports. South Korea, China, Hong Kong SAR, the U.S., Turkey, the UK, France, Belgium, Malaysia and Myanmar lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Myanmar experienced the highest growth rate of the value of imports, over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average non-alloy steel h-sections import price amounted to $680 per tonne, picking up by 15% against the previous year. Overall, the non-alloy steel h-sections import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2008 an increase of 32% against the previous year. In that year, the average import prices for h-sections of of non-alloy steel attained their peak level of $1,078 per tonne. From 2009 to 2018, the growth in terms of the average import prices for h-sections of of non-alloy steel remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($788 per tonne), while Myanmar ($239 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform