Austria: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in Austria

The Austrian market for hot-rolled bars of high speed steel contracted modestly to $X in 2022, falling by -3.3% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.7% against 2020 indices. Hot-rolled high speed steel bar consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in Austria

In value terms, hot-rolled high speed steel bar production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 80% against the previous year. Hot-rolled high speed steel bar production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Austria

In 2022, hot-rolled high speed steel bar exports from Austria contracted modestly to X tons, which is down by -3.9% against 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for hot-rolled high speed steel bar exports from Austria, accounting for a 33% share of total exports. Moreover, hot-rolled high speed steel bar exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and Taiwan (Chinese) (+4.9% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled bars of high speed steel exports from Austria, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.5% per year) and Italy (-3.1% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Austria

In 2022, overseas purchases of hot-rolled bars of high speed steel increased by 26% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 197% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports soared to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 122% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of hot-rolled high speed steel bar imports to Austria, together accounting for 83% of total imports. Slovakia, Switzerland, Slovenia and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +57.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled high speed steel bar suppliers to Austria were Germany ($X), Italy ($X) and China ($X), with a combined 87% share of total imports. Slovakia, Switzerland, the UK and Slovenia lagged somewhat behind, together comprising a further 8.3%.

The UK, with a CAGR of +43.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled high speed steel bar import price decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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