Report Update Nov 1, 2024

Ireland - Hot-Rolled Bars of Silico-Manganese Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Ireland

In 2021, the Irish hot-rolled silico-manganese steel bar market decreased by 0% to less than $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Ireland

In value terms, hot-rolled silico-manganese steel bar production surged to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Ireland

For the fifth year in a row, Ireland recorded growth in overseas shipments of hot-rolled bars of silico-manganese steel, which increased by 41% to X tons in 2019. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,006% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2019. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,171%. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Ireland, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at +10.3%.

In value terms, the Netherlands ($X) also remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Ireland.

From 2012 to 2019, the average annual rate of growth in terms of value to the Netherlands stood at +14.2%.

Export Prices by Country

In 2019, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, picking up by 10% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2019: its price increased at an average annual rate of +3.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hot-rolled silico-manganese steel bar export price increased by +54.3% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +3.5% per year.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Ireland

In 2021, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -12.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 535% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, hot-rolled silico-manganese steel bar imports expanded significantly to $X in 2021. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2014 when imports increased by 297%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the UK (X tons) was the main supplier of hot-rolled silico-manganese steel bar to Ireland, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +79.2%.

In value terms, the UK ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +83.3%.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, jumping by 21% against the previous year. Overall, the import price recorded moderate growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 238%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +2.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars of silico-manganese steel in the world?

The country with the largest volume of hot-rolled silico-manganese steel bar consumption was China, comprising approx. 19% of total volume. Moreover, hot-rolled silico-manganese steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Kazakhstan ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of hot-rolled bars of silico-manganese steel in the world?

The countries with the highest volumes of hot-rolled silico-manganese steel bar production in 2020 were Russia, China and the United States, together comprising 48% of global production. These countries were followed by India, Germany, Japan, Italy, Brazil, South Korea, Turkey, Iran and Sweden, which together accounted for a further 31%.

What are the leading suppliers of hot-rolled bars of silico-manganese steel to Ireland?

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

What are the leading importers of hot-rolled bars of silico-manganese steel from Ireland?

In value terms, the Netherlands $772) remains the key foreign market for hot-rolled silico-manganese steel bar exports from Ireland.

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

The average hot-rolled silico-manganese steel bar export price stood at $1,897 per ton in 2019, rising by 3.3% against the previous year.

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

The average hot-rolled silico-manganese steel bar import price stood at $2,352 per ton in 2020, waning by -15.4% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled silico-manganese 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 24106620 - Hot-rolled bars of silico-manganese 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
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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
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How to outsource production to other countries
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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