EU: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in the EU

In 2022, the EU forged stainless steel bar market increased by X% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption showed a slight decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Forged Bars Of Stainless Steel in the EU

In value terms, forged stainless steel bar production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in the EU

In 2022, shipments abroad of forged bars of stainless steel increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 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 failed to regain momentum.

In value terms, forged stainless steel bar exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Italy (X tons) represented roughly X% of total exports in 2022. Sweden (X tons) ranks next in terms of the total exports with a X% share, followed by Spain (X%), Belgium (X%), Poland (X%) and Slovenia (X%). Austria (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged stainless steel bar supplying countries in the European Union were Italy ($X), Germany ($X) and Sweden ($X), together accounting for X% of total exports. Spain, Belgium, Slovenia, Poland and Austria lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Belgium ($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 the EU

In 2022, after two years of decline, there was significant growth in purchases abroad of forged bars of stainless steel, when their volume increased by X% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, forged stainless steel bar imports surged to $X in 2022. Total imports indicated pronounced growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) and Poland (X tons) were the key importers of forged bars of stainless steel in the European Union, together reaching approx. X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%) and France (X%). The following importers - Denmark (X tons), Sweden (X tons), Spain (X tons), Austria (X tons), the Czech Republic (X tons), the Netherlands (X tons), Slovenia (X tons) and Romania (X tons) - together made up X% of total imports.

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

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

In Germany, forged stainless steel bar imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Sweden ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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