EU: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in the EU

In 2022, the EU hot-rolled bearing steel bar market increased by 44% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hot-Rolled Bars In Bearing Steels in the EU

In value terms, hot-rolled bearing steel bar production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 28%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars In Bearing Steels

Exports in the EU

In 2022, exports of hot-rolled bars in bearing steels in the European Union contracted markedly to X tons, shrinking by -15.5% on the year before. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, hot-rolled bearing steel bar exports rose notably to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Italy (X tons) and Germany (X tons) represented the key exporters of hot-rolled bars in bearing steels in the European Union, together amounting to approx. 39% of total exports. Poland (X tons) ranks next in terms of the total exports with an 8.6% share, followed by Spain (8.3%), the Czech Republic (8.1%), France (7.3%), Finland (5.3%), Romania (4.9%), Sweden (4.7%) and Slovenia (4.5%).

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined 47% share of total exports. Spain, the Czech Republic, Poland, Finland, Slovenia, Sweden and Romania lagged somewhat behind, together accounting for a further 43%.

Romania, with a CAGR of +22.6%, recorded the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2022, growing by 27% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar export price increased by +58.8% against 2020 indices. 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 France ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports in the EU

In 2022, approx. X tons of hot-rolled bars in bearing steels were imported in the European Union; which is down by -6.1% on 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports soared to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +84.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), France (X tons), Romania (X tons), Poland (X tons), Spain (X tons) and Sweden (X tons) represented the largest importers of hot-rolled bars in bearing steels, together constituting 72% of total imports. The following importers - Austria (X tons), the Netherlands (X tons), the Czech Republic (X tons), Lithuania (X tons), Belgium (X tons) and Hungary (X tons) - together made up 20% of total imports.

Imports into Germany increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Lithuania (+36.9%), Romania (+10.1%), the Netherlands (+8.3%), Italy (+6.9%), Spain (+6.6%), Poland (+4.1%), Hungary (+3.9%), the Czech Republic (+3.7%), Sweden (+2.5%) and Austria (+1.9%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +36.9% from 2012-2022. By contrast, France (-1.1%) and Belgium (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Romania and Lithuania increased by +3.8, +3.2 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported hot-rolled bars in bearing steels in the European Union, comprising 27% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by France, with a 10% share.

In Germany, hot-rolled bearing steel bar imports increased at an average annual rate of +2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+6.6% per year) and France (+0.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 28%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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