Report Update: Nov 1, 2024

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

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Forged stainless steel bar market

Forged stainless steel bar market: discover new data empowered by an Ai-driven market research platform. Datasets contain market size, trade, imports, production, consumption, companies, exports, and market prices. There is a breakdown by country, including EU, Latin America, China, Russia, the U.K., Africa, the U.S., and the Middle East. Market dynamics and forecast to 2030 are also provided in the dashboards.

Forged Stainless Steel Bar - World's Largest Markets

Rating	Country
1	India
2	United States
3	Germany
4	Japan
5	Ethiopia

In value terms, India, the United States and Germany were the countries with the highest levels of market value in 2021, together accounting for 61% of the global market.

In terms of the main consuming countries, India recorded the highest growth rate of market size, over the period under review, while forged stainless steel bar market for the other global leaders experienced a decline in the market figures.

Forged Stainless Steel Bar Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Latvia	1167	612	846	-14.9%
Singapore	2355	2132	2240	-2.5%
Belgium	7494	2882	2812	-38.7%
India	2480	2294	2995	9.9%
Taiwan (Chinese)	3190	3051	3134	-0.9%
United Kingdom	6518	8889	3228	-29.6%
Japan	4882	4631	3488	-15.5%
South Korea	4438	4336	4386	-0.6%
Italy	4405	4600	5046	7.0%
Denmark	3869	3088	5125	15.1%
Germany	4843	4743	5499	6.6%
Sweden	4727	4589	5614	9.0%
United States	10591	9968	8953	-8.1%
Average	3797	3657	3798	0.0%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($8,953 per ton), while Latvia ($846 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
China	6279	5768	5985	-2.4%
Spain	3435	4064	5955	31.7%
Russia	3915	4779	4775	10.4%
Denmark	3698	3646	4572	11.2%
Germany	3669	3988	4496	10.7%
Thailand	4270	3551	3870	-4.8%
South Korea	3429	3562	3497	1.0%
Belgium	5511	2823	3334	-22.2%
Taiwan (Chinese)	3225	2990	3102	-1.9%
Poland	3306	2643	2818	-7.7%
Switzerland	5154	5209	2160	-35.3%
Indonesia	1934	1352	1649	-7.7%
Japan	5394	4770	1511	-47.1%
Average	3717	3605	3793	1.0%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($5,985 per ton), while Japan ($1,511 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Forged Stainless Steel Bar - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	million USD			CAGR, 2019-2021
Germany	73	63	82	6.3%
China	62	78	70	6.0%
South Korea	43	46	44	1.7%
Spain	17	21	38	49.6%
Poland	18	28	36	41.9%

In value terms, the largest forged stainless steel bar importing markets worldwide were Germany ($83M), China ($70M) and South Korea ($44M), with a combined 27% share of global imports. Spain, Poland, Russia, Thailand, Belgium, Denmark, Taiwan (Chinese), Indonesia, Switzerland and Japan lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Belgium (+105.7% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Forged Stainless Steel Bar - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	million USD			CAGR, 2019-2021
India	160	122	166	2.1%
Germany	125	135	130	2.2%
Italy	91	73	87	-2.7%
Japan	58	58	69	9.4%
Sweden	57	52	60	2.3%

In value terms, the largest forged stainless steel bar supplying countries worldwide were India ($167M), Germany ($130M) and Italy ($87M), together comprising 52% of global exports. Japan, Sweden, South Korea, the United States, Singapore, Taiwan (Chinese), Belgium, Denmark, the UK and Latvia lagged somewhat behind, together accounting for a further 39%.

Denmark (+168.0% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Forged Stainless Steel Bar - Market Forecast

Depressed by shrinking demand for forged stainless steel bar worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Forged Stainless Steel Bar - Product Coverage

HS 722230 - Steel, stainless; bars and rods, n.e.s. in heading no. 7222

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for forged stainless steel bar. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023