Italy: Market for Hot-Rolled Steel Bars and Rods 2024

Market Size for Hot-Rolled Steel Bars and Rods in Italy

In 2021, the Italian market for hot-rolled steel bars and rods decreased by -0.5% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 9.5% against the previous year. Hot-rolled steel bar and rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Steel Bars and Rods in Italy

In value terms, hot-rolled steel bar and rod production expanded markedly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Italy

In 2021, approx. X tons of hot-rolled steel bars and rods were exported from Italy; picking up by 12% on 2020. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 13% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Austria (X tons) and France (X tons) were the main destinations of hot-rolled steel bar and rod exports from Italy, together accounting for 37% of total exports. These countries were followed by Romania, the Czech Republic, Poland, Hungary, Spain, Switzerland, Croatia, Slovenia, Cyprus and Slovakia, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Italy, comprising 20% of total exports. The second position in the ranking was held by Austria ($X), with a 9% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+14.4% per year) and France (+6.2% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, surging by 54% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Italy

In 2021, purchases abroad of hot-rolled steel bars and rods was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hot-rolled steel bar and rod imports skyrocketed to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and the Czech Republic (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Italy, with a combined 47% share of total imports. France, Switzerland, Poland, Turkey, India, Austria, China, Romania, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the largest hot-rolled steel bar and rod suppliers to Italy, together accounting for 51% of total imports. These countries were followed by the Czech Republic, Switzerland, Poland, India, Austria, China, Turkey, the Netherlands, Romania and Belgium, which together accounted for a further 37%.

Among the main suppliers, the Netherlands, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, surging by 30% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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