Overview of the Global Market for Hot-Rolled Bearing Steel Wire Rod

Market Size for Hot-Rolled Wire Rod Of Bearing Steel

The revenue of the hot-rolled bearing steel wire rod market worldwide amounted to $X in 2017, going up by X% against the previous year. In general, consumption of hot-rolled wire rod of bearing steel continues to indicate an abrupt contraction. The growth pace was the most rapid in 2017, when market value increased by X% against the previous year. Global consumption of hot-rolled wire rod of bearing steel peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Production of Hot-Rolled Wire Rod Of Bearing Steel

In 2017, approx. X tons of hot-rolled wire rod of bearing steel were produced worldwide; approximately equating the previous year. In general, production of hot-rolled wire rod of bearing steel continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Over the period under review, the global production of hot-rolled wire rod of bearing steel reached its maximum volume in 2017, and is likely to see steady growth in the near future.

Exports of Hot-Rolled Wire Rod Of Bearing Steel

In 2017, the amount of hot-rolled wire rod of bearing steel exported worldwide stood at X tons, falling by -X% against the previous year. In general, exports of hot-rolled wire rod of bearing steel continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the global exports of hot-rolled wire rod of bearing steel attained its peak figure volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, exports of hot-rolled wire rod of bearing steel amounted to $X in 2017. In general, exports of hot-rolled wire rod of bearing steel continue to indicate a remarkable increase. Over the period under review, the global exports of hot-rolled wire rod of bearing steel attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Exports of Hot-Rolled Wire Rod Of Bearing Steel by Country

China prevails in exports of hot-rolled wire rod of bearing steel structure, amounting to X tons, which was near X% of total exports in 2017. Japan (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together occupied approx. X% share of total exports. Austria (X tons), Italy (X tons), Canada (X tons), Spain (X tons) and South Korea (X tons) occupied the minor share of total exports.

China was also the fastest growing in terms of the hot-rolled wire rod of bearing steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%), Italy (+X%), Spain (+X%), Germany (+X%), Japan (+X%) and Canada (+X%) displayed positive paces of growth. By contrast, Austria (-X%) illustrated a downward trend over the same period. While the share of Germany (-X%), Japan (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hot-rolled bearing steel wire rod supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, exports of hot-rolled wire rod of bearing steel expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

Export Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country

In 2017, the average export price for hot-rolled wire rod of bearing steel amounted to $X per ton, coming up by X% against the previous year. Overall, export price for hot-rolled wire rod of bearing steel continues to indicate a significant shrinkage. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. Over the period under review, the average export prices for hot-rolled wire rod of bearing steel attained its peak figure level of $X per ton in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Austria ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other global leaders experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod Of Bearing Steel

In 2017, approx. X tons of hot-rolled wire rod of bearing steel were imported worldwide; approximately mirroring the previous year. Overall, imports of hot-rolled wire rod of bearing steel continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Global imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, imports of hot-rolled wire rod of bearing steel amounted to $X in 2017. In general, the total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global imports of hot-rolled wire rod of bearing steel reached its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Imports of Hot-Rolled Wire Rod Of Bearing Steel by Country

In 2017, Indonesia (X tons), South Korea (X tons), Thailand (X tons), Vietnam (X tons), the U.S. (X tons), the Philippines (X tons), Italy (X tons), Japan (X tons), Germany (X tons), China (X tons), Israel (X tons) and Malaysia (X tons) were the major importers of hot-rolled wire rod of bearing steel in the world, comprising X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Israel (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled bearing steel wire rod markets worldwide were Thailand ($X), the U.S. ($X) and South Korea ($X), with a combined X% share of global imports. These countries were followed by the Philippines, Indonesia, Germany, Italy, Vietnam, China, Japan, Malaysia and Israel, which together accounted for a further X%.

Israel (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country

The average import price for hot-rolled wire rod of bearing steel stood at $X per ton in 2017, going up by X% against the previous year. Overall, import price for hot-rolled wire rod of bearing steel continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. Global import price peaked of $X per ton in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform