Forged Stainless Steel Bar Market

Forged stainless steel bar market: discover new data empowered by an Ai-driven market research platform. Datasets contain market size, trade, imports, production, consumption, companies, exports, and market prices. There is a breakdown by country, including EU, Latin America, China, Russia, the U.K., Africa, the U.S., and the Middle East. Market dynamics and forecast to 2030 are also provided in the dashboards.


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Forged Stainless Steel Bar - World's Largest Markets

RatingCountry
1India
2United States
3Germany
4Japan
5Ethiopia

In value terms, India, the United States and Germany were the countries with the highest levels of market value in 2021, together accounting for 61% of the global market.

In terms of the main consuming countries, India recorded the highest growth rate of market size, over the period under review, while forged stainless steel bar market for the other global leaders experienced a decline in the market figures.

Forged Stainless Steel Bar Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Latvia1167612846-14.9%
Singapore235521322240-2.5%
Belgium749428822812-38.7%
India2480229429959.9%
Taiwan (Chinese)319030513134-0.9%
United Kingdom651888893228-29.6%
Japan488246313488-15.5%
South Korea443843364386-0.6%
Italy4405460050467.0%
Denmark38693088512515.1%
Germany4843474354996.6%
Sweden4727458956149.0%
United States1059199688953-8.1%
Average3797365737980.0%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($8,953 per ton), while Latvia ($846 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
China627957685985-2.4%
Spain34354064595531.7%
Russia39154779477510.4%
Denmark36983646457211.2%
Germany36693988449610.7%
Thailand427035513870-4.8%
South Korea3429356234971.0%
Belgium551128233334-22.2%
Taiwan (Chinese)322529903102-1.9%
Poland330626432818-7.7%
Switzerland515452092160-35.3%
Indonesia193413521649-7.7%
Japan539447701511-47.1%
Average3717360537931.0%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($5,985 per ton), while Japan ($1,511 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Forged Stainless Steel Bar - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
Germany7363826.3%
China6278706.0%
South Korea4346441.7%
Spain17213849.6%
Poland18283641.9%

In value terms, the largest forged stainless steel bar importing markets worldwide were Germany ($83M), China ($70M) and South Korea ($44M), with a combined 27% share of global imports. Spain, Poland, Russia, Thailand, Belgium, Denmark, Taiwan (Chinese), Indonesia, Switzerland and Japan lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Belgium (+105.7% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Forged Stainless Steel Bar - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
India1601221662.1%
Germany1251351302.2%
Italy917387-2.7%
Japan5858699.4%
Sweden5752602.3%

In value terms, the largest forged stainless steel bar supplying countries worldwide were India ($167M), Germany ($130M) and Italy ($87M), together comprising 52% of global exports. Japan, Sweden, South Korea, the United States, Singapore, Taiwan (Chinese), Belgium, Denmark, the UK and Latvia lagged somewhat behind, together accounting for a further 39%.

Denmark (+168.0% per year) saw the highest growth rate of 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.

Forged Stainless Steel Bar - Market Forecast

Depressed by shrinking demand for forged stainless steel bar worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Forged Stainless Steel Bar - Product Coverage

  • HS 722230 - Steel, stainless; bars and rods, n.e.s. in heading no. 7222
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World - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global market for forged stainless steel bar.

Central Asia - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Central Asia.

Middle East - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in the Middle East.

Eastern Asia - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Eastern Asia.

Latin America and the Caribbean - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Latin America and the Caribbean.

Southern Asia - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Southern Asia.

Africa - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Africa.

Northern America - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Northern America.

Australia and Oceania - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in Australia and Oceania.

South-Eastern Asia - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the market for forged stainless steel bar in South-Eastern Asia.

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