EU: Market for Hot-Rolled Bars Of High Speed Steel 2024

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

The EU market for hot-rolled bars of high speed steel reduced modestly to $X in 2022, shrinking by -4.4% against the previous year. In general, consumption continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in the EU

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, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in the EU

In 2022, the amount of hot-rolled bars of high speed steel exported in the European Union fell to X tons, with a decrease of -8.5% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled high speed steel bar exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from Austria (X tons), France (X tons), Sweden (X tons) and Spain (X tons), together finishing at 80% of total export. The Czech Republic (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together held approx. 16% share of total exports. Italy (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +56.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Austria ($X), France ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 85% share of total exports. Germany, Spain, the Czech Republic and Italy lagged somewhat behind, together comprising a further 14%.

Spain, with a CAGR of +44.5%, 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, rising by 27% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. 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 Sweden ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in the EU

Hot-rolled high speed steel bar imports declined to X tons in 2022, dropping by -9.4% against 2021. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +46.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports rose significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons), Spain (X tons), Slovenia (X tons), France (X tons), Romania (X tons), Denmark (X tons), Portugal (X tons), Belgium (X tons) and the Czech Republic (X tons) represented roughly 94% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported hot-rolled bars of high speed steel in the European Union, comprising 36% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Italy, with a 13% share.

In Germany, hot-rolled high speed steel bar imports declined by an average annual rate of -1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (-3.4% per year) and Italy (+2.0% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 21% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 37%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Portugal ($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 (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :