Austria: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Austria

In 2021, the Austrian market for hot-rolled steel bars and rods increased by 31% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Hot-rolled steel bar and rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Steel Bars and Rods in Austria

In value terms, hot-rolled steel bar and rod production fell notably to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 69%. Hot-rolled steel bar and rod production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Austria

In 2021, overseas shipments of hot-rolled steel bars and rods increased by 13% to X tons for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 23%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled steel bar and rod exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for hot-rolled steel bar and rod exports from Austria, accounting for a 46% share of total exports. Moreover, hot-rolled steel bar and rod exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.5% per year) and the Czech Republic (+4.8% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Austria, comprising 44% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by the Czech Republic, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.8% per year) and the Czech Republic (+2.6% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, picking up by 28% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liechtenstein (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Austria

In 2021, purchases abroad of hot-rolled steel bars and rods increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled steel bar and rod imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Austria, with a combined 88% share of total imports. Hungary and Poland lagged somewhat behind, together comprising a further 4.7%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Czech Republic ($X) constituted the largest hot-rolled steel bar and rod suppliers to Austria, with a combined 86% share of total imports. These countries were followed by Hungary and Poland, which together accounted for a further 4.2%.

Among the main suppliers, Hungary, with a CAGR of +27.7%, saw the highest rates of growth with regard to 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 2021, the average import price for hot-rolled steel bars and rods amounted to $X per ton, jumping by 50% against the previous year. Overall, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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