EU: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in the EU

After two years of growth, the EU concrete reinforcing bar market decreased by X% to $X in 2023. The total consumption indicated perceptible growth 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 2020 indices. The level of consumption peaked at $X in 2022, and then declined in the following year.

Concrete Reinforcing Bar Production in the EU

In value terms, concrete reinforcing bar production fell to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports in the EU

In 2023, concrete reinforcing bar exports in the European Union fell to X tons, dropping by X% on 2022 figures. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports contracted significantly to $X in 2023. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Italy (X tons), distantly followed by Germany (X tons), Portugal (X tons), Spain (X tons), Poland (X tons), Bulgaria (X tons) and France (X tons) represented the major exporters of concrete reinforcing bars, together achieving X% of total exports. Austria (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest concrete reinforcing bar supplying countries in the European Union were Italy ($X), Germany ($X) and Portugal ($X), with a combined X% share of total exports. Spain, Poland, France, Bulgaria and Austria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 ton in 2023, which is down by X% against the previous year. Export price indicated mild growth 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. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while Portugal ($X per ton) and Bulgaria ($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.

Concrete Reinforcing Bar Imports

Imports in the EU

In 2023, supplies from abroad of concrete reinforcing bars decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a temperate increase from 2012 to 2023: its volume 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank sharply in the following year.

In value terms, concrete reinforcing bar imports contracted notably to $X in 2023. Over the period under review, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

The purchases of the twelve major importers of concrete reinforcing bars, namely Germany, Romania, Poland, the Netherlands, France, Spain, Belgium, Portugal, the Czech Republic, Austria, Cyprus and Slovakia, represented more than two-thirds of total import. Hungary (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cyprus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Poland, France, Spain, Belgium, the Czech Republic, Portugal, Austria, Slovakia, Cyprus and Hungary lagged somewhat behind, together comprising a further X%.

Cyprus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 ton, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then shrank markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Romania ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform