Overview of the Global Market for Hot-Rolled Round Bars Of Stainless Steel

Market Size for Hot-Rolled Round Bars Of Stainless Steel

In 2021, the global hot-rolled round stainless steel market increased by 2% to $X, rising for the fifth year in a row after four years of decline. Overall, the total consumption indicated noticeable 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. Based on 2021 figures, consumption increased by +58.5% against 2016 indices. Global consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Hot-Rolled Round Bars Of Stainless Steel

In value terms, hot-rolled round stainless steel production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.1% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 18%. Global production peaked in 2021 and is expected to retain growth in the near future.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports

After two years of decline, overseas shipments of hot-rolled round bars of stainless steel increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The global exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled round stainless steel exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the global exports reached the peak figure at $X in 2014; afterwards, it flattened through to 2021.

Exports by Country

The biggest shipments were from Germany (X tons), India (X tons), France (X tons), Spain (X tons), Italy (X tons) and China (X tons), together resulting at 71% of total export. The following exporters - South Korea (X tons), Sweden (X tons), Japan (X tons), Belgium (X tons), the United States (X tons), the UK (X tons) and Austria (X tons) - together made up 20% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +18.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel supplying countries worldwide were Germany ($X), France ($X) and Spain ($X), together accounting for 37% of global exports. India, Italy, China, Sweden, the United States, the UK, Japan, South Korea, Austria and Belgium lagged somewhat behind, together comprising a further 53%.

Italy, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-rolled round stainless steel export price stood at $X per ton in 2021, rising by 13% against the previous year. In general, the export price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 21% against the previous year. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.9%), while the other global leaders experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports

In 2021, after two years of decline, there was significant growth in overseas purchases of hot-rolled round bars of stainless steel, when their volume increased by 14% to X tons. Overall, imports continue to indicate a mild increase. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hot-rolled round stainless steel imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, global imports attained the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The purchases of the three major importers of hot-rolled round bars of stainless steel, namely Germany, Italy and China, represented more than third of total import. It was distantly followed by the United States (X tons), creating a 4.9% share of total imports. Canada (X tons), the Netherlands (X tons), South Korea (X tons), Denmark (X tons), Belgium (X tons), Vietnam (X tons), France (X tons), the UK (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +9.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel importing markets worldwide were Germany ($X), Italy ($X) and China ($X), with a combined 35% share of global imports. The United States, South Korea, the Netherlands, Canada, the UK, Denmark, France, Austria, Belgium and Vietnam lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Vietnam, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled round stainless steel import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the UK ($X per ton) and China ($X per ton), while Belgium ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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