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Spain - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Spain - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Jan 9, 2023

Forged Stainless Steel Bar Price in Spain Soars 18%, Averaging $7,618 per Ton

Spain Forged Stainless Steel Bar Import Price in September 2022

In September 2022, the forged stainless steel bar price stood at $7,618 per ton (CIF, Spain), picking up by 18% against the previous month. Over the period under review, import price indicated perceptible growth from January 2022 to September 2022: its price increased at an average monthly rate of +4.8% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, forged stainless steel bar import price increased by +17.8% against August 2022 indices. The most prominent rate of growth was recorded in May 2022 an increase of 61% month-to-month. As a result, import price attained the peak level of $8,818 per ton. From June 2022 to September 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was France ($13.4 per kg), while the price for Sweden ($6,435 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Spain Forged Stainless Steel Bar Imports

In September 2022, approximately 287 tons of forged bars of stainless steel were imported into Spain; jumping by 304% on August 2022. In general, imports, however, recorded a abrupt descent. Imports peaked at 435 tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.

In value terms, forged stainless steel bar imports soared to $2.2M (IndexBox estimates) in September 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at 2.3K tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.

Spain Forged Stainless Steel Bar Imports by Country

In September 2022, Italy (225 tons) constituted the largest supplier of forged stainless steel bar to Spain, accounting for a 78% share of total imports. Moreover, forged stainless steel bar imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (38 tons), sixfold. The third position in this ranking was taken by Sweden (23 tons), with an 8.1% share.

From January 2022 to September 2022, the average monthly growth rate of volume from Italy amounted to -3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+1.5% per month) and Sweden (+4.2% per month).

In value terms, Italy ($1.7M) constituted the largest supplier of forged stainless steel bar to Spain, comprising 80% of total imports. The second position in the ranking was taken by Germany ($278K), with a 13% share of total imports. It was followed by Sweden, with a 6.9% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+4.7% per month) and Sweden (+7.9% per month).

Factors Affecting Forged Stainless Steel Bar Prices

Stainless steel forged bars are used in a wide range of industries due to their high strength and corrosion resistance. The price of stainless steel forged bars in Spain is determined by a number of factors, including the type of steel, the size and quantity of the order, and the desired delivery time.

The type of steel is the most important factor in determining the price of stainless steel forged bars. The three most common types of steel are 304, 316, and 430. 304 is the most inexpensive type of stainless steel, while 316 is more expensive and has higher corrosion resistance. 430 is the least expensive type of stainless steel with high corrosion resistance.

Spain is a renowned producer of high-quality steel products, and its forged bars are no exception. Although the country's steel industry has been hit hard by the global economic downturn, Spanish manufacturers have continued to produce forged bars to meet the demands of the international market.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for forged stainless steel bar in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24106450 - Forged bars, of stainless steel

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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