Netherlands: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in the Netherlands

The Dutch hot-rolled steel products market contracted rapidly to $X in 2023, shrinking by X% against the previous year. Overall, the total consumption indicated a pronounced 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 2019 indices. Hot-rolled steel products consumption peaked at $X in 2022, and then fell significantly in the following year.

Hot-Rolled Steel Products Production in the Netherlands

In value terms, hot-rolled steel products production surged to $X in 2023 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Hot-Rolled Steel Products Exports

Exports from the Netherlands

Hot-rolled steel products exports from the Netherlands dropped to X tons in 2023, stabilizing at 2022. In general, exports showed a mild contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled steel products exports shrank to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

Germany (X tons) was the main destination for hot-rolled steel products exports from the Netherlands, accounting for a X% share of total exports. Moreover, hot-rolled steel products exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from the Netherlands, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

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

Export Prices by Country

In 2023, the average hot-rolled steel products export price amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated moderate growth 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 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then dropped in the following year.

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 the UK ($X per ton), while the average price for exports to Turkey ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into the Netherlands

In 2023, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into the Netherlands; leveling off at the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, hot-rolled steel products imports shrank to $X in 2023. Overall, total imports indicated a noticeable 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. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of hot-rolled steel products imports to the Netherlands, with a combined X% share of total imports. Sweden, the UK, Finland, Italy, France and Indonesia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Belgium ($X) and Finland ($X) appeared to be the largest hot-rolled steel products suppliers to the Netherlands, with a combined X% share of total imports. Spain, Sweden, Italy, the UK, France and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average hot-rolled steel products import price amounted to $X per ton, reducing by X% against the previous year. Overall, import price indicated a mild 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, hot-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then contracted in the following year.

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 Finland ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform