Report Update Mar 1, 2025

Sri Lanka - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Sri Lanka

The Sri Lankan hot-rolled free-cutting steel market soared to $X in 2021, increasing by 80% 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). Over the period under review, consumption, however, recorded a significant decrease. Hot-rolled free-cutting steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas shipments of hot-rolled bars in free-cutting steels, which decreased by 0% to X kg in 2018. Overall, exports continue to indicate a dramatic downturn. The smallest decline of -66.8% was in 2016. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, hot-rolled free-cutting steel exports amounted to $X in 2018. Over the period under review, exports faced a sharp shrinkage. The smallest decline of -85.9% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

Exports by Country

Indonesia (X kg) was the main destination for hot-rolled free-cutting steel exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

From 2015 to 2018, the average annual growth rate of value to Indonesia was relatively modest.

Export Prices by Country

In 2018, the average hot-rolled free-cutting steel export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price saw a sharp setback. The most prominent rate of growth was recorded in 2016 a decrease of -57.5% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, the export prices remained at a lower figure.

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

From 2015 to 2018, the rate of growth in terms of prices for Seychelles amounted to -14.8% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into Sri Lanka

In 2021, hot-rolled free-cutting steel imports into Sri Lanka soared to X tons, rising by 61% on the previous year. Over the period under review, imports, however, continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2018 when imports increased by 677%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports skyrocketed to $X in 2021. In general, imports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 615%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), South Korea (X tons) and China (X tons) were the main suppliers of hot-rolled free-cutting steel imports to Sri Lanka, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +43.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest hot-rolled free-cutting steel suppliers to Sri Lanka were India ($X), China ($X) and South Korea ($X), together accounting for 92% of total imports.

India, with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by 82%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were the UK, Japan and Italy, together accounting for 48% of global consumption. These countries were followed by Taiwan Chinese), France, Switzerland, the United States, Argentina, India, Algeria, Bahrain and Turkey, which together accounted for a further 38%.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were the UK, Japan and Taiwan Chinese), together accounting for 45% of global production. Switzerland, France, Saudi Arabia, the United Arab Emirates, Spain, Argentina, Italy, India and Germany lagged somewhat behind, together accounting for a further 46%.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Sri Lanka?

In value terms, India constituted the largest supplier of hot-rolled free-cutting steel to Sri Lanka, comprising 85% of total imports. The second position in the ranking was occupied by Singapore, with a 14% share of total imports.

What is the average export price for hot-rolled bars in free-cutting steels in Sri Lanka?

In 2018, the average hot-rolled free-cutting steel export price amounted to $1,757 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for hot-rolled bars in free-cutting steels in Sri Lanka?

In 2020, the average hot-rolled free-cutting steel import price amounted to $1,279 per ton, jumping by 95% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Sri Lanka. 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 24106230 - Hot-rolled bars in free-cutting steels

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024