Report Update Nov 1, 2024

Ireland - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Irish market for hot-rolled bars of high speed steel dropped significantly to $X in 2022, reducing by -29.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Ireland

In 2022, exports of hot-rolled bars of high speed steel from Ireland amounted to X tons, leveling off at the previous year. Over the period under review, exports saw a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 4,263%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, hot-rolled high speed steel bar exports totaled $X in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 671%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), the UK (X kg) and Germany (X kg) were the main destinations of hot-rolled high speed steel bar exports from Ireland, together accounting for 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +39.9%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+33.2% per year) and Germany (0.0% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, standing approx. at the previous year. Overall, the export price saw a mild decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 88%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-4.8%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Ireland

In 2022, overseas purchases of hot-rolled bars of high speed steel decreased by 0% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports totaled $X in 2022. Over the period under review, imports saw perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of hot-rolled high speed steel bar imports to Ireland, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +20.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) constituted the largest supplier of hot-rolled bars of high speed steel to Ireland, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Poland, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.7% per year) and Poland (0.0% per year).

Import Prices by Country

In 2022, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+38.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars of high speed steel in the world?

Russia constituted the country with the largest volume of hot-rolled high speed steel bar consumption, comprising approx. 94% of total volume. It was followed by Poland, with a 1.7% share of total consumption.

What are the largest producers of hot-rolled bars of high speed steel in the world?

The country with the largest volume of hot-rolled high speed steel bar production was Russia, accounting for 95% of total volume. It was followed by Poland, with a 1.7% share of total production.

What are the leading suppliers of hot-rolled bars of high speed steel to Ireland?

In value terms, the UK constituted the largest supplier of hot-rolled high speed steel bar to Ireland.

What are the leading importers of hot-rolled bars of high speed steel from Ireland?

In value terms, India remains the key foreign market for hot-rolled high speed steel bar exports from Ireland, comprising 73% of total exports. The second position in the ranking was occupied by the UK, with an 11% share of total exports. It was followed by Germany, with an 8.7% share.

What is the average export price for hot-rolled bars of high speed steel in Ireland?

The average export price for hot-rolled bars of high speed steel stood at $37,887 per ton in 2021, standing approx. at the previous year.

What is the average import price for hot-rolled bars of high speed steel in Ireland?

The average import price for hot-rolled bars of high speed steel stood at $5,368 per ton in 2021, increasing by 26% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106610 - Hot-rolled bars of high speed steel

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023