Eastern Europe: Market for Hot-Rolled Round Bars Of Stainless Steel 2025

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Eastern Europe

The East European hot-rolled round stainless steel market amounted to $X in 2021, growing by 4.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Hot-Rolled Round Bars Of Stainless Steel in Eastern Europe

In value terms, hot-rolled round stainless steel production totaled $X in 2021 estimated in export price. Over the period under review, production saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 31%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports in Eastern Europe

In 2021, overseas shipments of hot-rolled round bars of stainless steel increased by 5.2% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when exports increased by 39% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled round stainless steel exports skyrocketed to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Ukraine (X tons) was the main exporter of hot-rolled round bars of stainless steel, committing 45% of total exports. It was distantly followed by Poland (X tons) and Russia (X tons), together creating a 44% share of total exports. Belarus (X tons), the Czech Republic (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel supplying countries in Eastern Europe were Poland ($X), Ukraine ($X) and Russia ($X), with a combined 84% share of total exports. These countries were followed by the Czech Republic, Belarus and Bulgaria, which together accounted for a further 12%.

Among the main exporting countries, Bulgaria, with a CAGR of +56.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, growing by 43% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports in Eastern Europe

After two years of decline, purchases abroad of hot-rolled round bars of stainless steel increased by 10% to X tons in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hot-rolled round stainless steel imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons), Poland (X tons) and the Czech Republic (X tons) was the main importer of hot-rolled round bars of stainless steel in Eastern Europe, creating 62% of total import. Hungary (X tons) ranks next in terms of the total imports with a 9.1% share, followed by Romania (7.7%) and Slovakia (5.4%). Belarus (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2021, together accounting for 59% of total imports. These countries were followed by Hungary, Romania, Slovakia and Belarus, which together accounted for a further 29%.

Romania, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by 26% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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