Eastern Europe: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in Eastern Europe

The East European forged stainless steel bar market contracted slightly to $X in 2022, waning by X% against the previous year. Overall, consumption saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Forged Bars Of Stainless Steel in Eastern Europe

In value terms, forged stainless steel bar production contracted slightly to $X in 2022 estimated in export price. In general, production showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in Eastern Europe

In 2022, shipments abroad of forged bars of stainless steel decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, forged stainless steel bar exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Latvia (X tons), the Czech Republic (X tons) and Russia (X tons), together creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Poland ($X) remains the largest forged stainless steel bar supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, forged stainless steel bar exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Forged Bars Of Stainless Steel

Imports in Eastern Europe

In 2022, overseas purchases of forged bars of stainless steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, forged stainless steel bar imports surged to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X tons) represented the key importer of forged bars of stainless steel, committing X% of total imports. It was distantly followed by Russia (X tons), the Czech Republic (X tons) and Romania (X tons), together committing a X% share of total imports. The following importers - Latvia (X tons), Hungary (X tons) and Slovakia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to forged stainless steel bar imports into Poland stood at X%. At the same time, Latvia (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Russia (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Romania (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported forged bars of stainless steel in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, leveling off at the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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