Report Update: Nov 1, 2024

World - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights

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Hot-rolled bearing steel bar market

Hot-rolled bearing steel bar market: read recently published information provided by an Ai-driven market intelligence tool. Info include exports, production, companies, market prices, imports, market size, consumption, and trade. There is a breakdown by country, including the U.K., Russia, the U.S., China, Latin America, EU, Africa, and the Middle East. Market dynamics and forecast to 2030 are also provided in the reports.

Hot-rolled Bearing Steel Bar - World's Largest Markets

Rating	Country
1	China
2	Mexico
3	Russia
4	Thailand
5	Brazil

In value terms, China led the market, alone. The second position in the ranking was occupied by Mexico. It was followed by Russia.

In China, the hot-rolled bearing steel bar market decreased by an average annual rate of -1.0% over the period from 2019-2021. The remaining consuming countries recorded the following average annual rates of market growth: Mexico (-3.9% per year) and Russia (-8.5% per year).

Hot-Rolled Bearing Steel Bar Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
China	591	539	582	-0.8%
Chile	649	576	618	-2.4%
Russia	695	514	757	4.4%
Turkey	859	782	833	-1.5%
South Korea	900	776	845	-3.1%
Egypt	713	754	864	10.1%
Belgium	980	862	991	0.6%
Canada	854	831	1009	8.7%
Italy	905	803	1049	7.7%
Poland	919	816	1057	7.2%
Japan	1085	1069	1090	0.2%
Czech Republic	1182	905	1165	-0.7%
Germany	1160	1067	1244	3.6%
Average	805	753	919	6.8%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($1,244 per ton), while China ($582 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Egypt, 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
Mexico	890	1137	1315	21.6%
China	1284	1161	1222	-2.4%
Italy	1043	987	1140	4.5%
Germany	1006	878	1109	5.0%
France	1017	934	1086	3.3%
Poland	1072	884	1026	-2.2%
Indonesia	865	826	852	-0.8%
Thailand	813	807	811	-0.1%
Macao SAR	748	748	748	0.0%
South Korea	689	650	673	-1.2%
Malaysia	617	626	621	0.3%
New Zealand	720	699	552	-12.4%
Myanmar	409	417	413	0.5%
Average	878	820	919	2.3%

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($1,315 per ton), while Myanmar ($413 per ton) was amongst the lowest.

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

Hot-Rolled Bearing Steel Bar - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Germany	0.6	0.4	0.6	6.0%
Mexico	0.5	0.2	0.5	2.2%
China	0.3	0.3	0.3	-2.2%
Italy	0.3	0.2	0.3	6.3%
France	0.2	0.2	0.3	15.0%

In value terms, Germany ($647M), Mexico ($491M) and China ($334M) constituted the countries with the highest levels of imports in 2021, together accounting for 19% of global imports. These countries were followed by Italy, France, Thailand, Poland, Indonesia, South Korea, Macao SAR, Malaysia, New Zealand and Myanmar, which together accounted for a further 30%.

Among the main importing countries, New Zealand (+75.1% 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.

Hot-Rolled Bearing Steel Bar - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	2.5	1.6	1.4	-23.8%
Japan	0.6	0.4	0.7	7.7%
Germany	0.5	0.4	0.7	12.5%
Turkey	0.5	0.5	0.7	16.7%
Italy	0.3	0.2	0.4	15.1%

In value terms, China ($1.4B) remains the largest hot-rolled bearing steel bar supplier worldwide, comprising 19% of global exports. The second position in the ranking was occupied by Japan ($720M), with a 9.5% share of global exports. It was followed by Germany, with a 9.1% share.

From 2019 to 2021, the average annual growth rate of value in China stood at -23.8%. In the other countries, the average annual rates were as follows: Japan (+7.7% per year) and Germany (+12.5% per year).

Hot-Rolled Bearing Steel Bar - Market Forecast

Driven by rising demand for hot-rolled bearing steel bar worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Hot-Rolled Bearing Steel Bar - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.

Hot-rolled Bearing Steel Bar - Product Coverage

HS 722830 - Steel, alloy; bars and rods, hot-rolled, hot-drawn or extruded

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for hot-rolled bearing 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 24106630 - Hot-rolled bars in bearing steels

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