India - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHot-Rolled Free-Cutting Steel Price in India - 2023
Contents:
- Hot-Rolled Free-Cutting Steel Price in India (FOB) - 2022
- Hot-Rolled Free-Cutting Steel Price in India (CIF) - 2022
- Hot-Rolled Free-Cutting Steel Exports in India
- Hot-Rolled Free-Cutting Steel Imports in India
Hot-Rolled Free-Cutting Steel Price in India (FOB) - 2022
In 2022, the average hot-rolled free-cutting steel export price amounted to $926 per ton, rising by 11% against the previous year. In general, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The export price peaked at $1,503 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,291 per ton), while the average price for exports to Thailand ($836 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.
Hot-Rolled Free-Cutting Steel Price in India (CIF) - 2022
The average hot-rolled free-cutting steel import price stood at $2,683 per ton in 2022, growing by 86% against the previous year. Overall, the import price continues to indicate strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($24,098 per ton), while the price for Germany ($884 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.6%), while the prices for the other major suppliers experienced a decline.
Hot-Rolled Free-Cutting Steel Exports in India
In 2022, overseas shipments of hot-rolled bars in free-cutting steels decreased by -8.6% to 1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 84% against the previous year.
In value terms, hot-rolled free-cutting steel exports rose slightly to $964K in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Free-Cutting Steel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 231 | 478 | 332 | 19.9% |
| Malaysia | N/A | 125 | N/A | 299 | 54.7% |
| Argentina | N/A | N/A | 65.5 | 111 | 69.5% |
| Turkey | N/A | N/A | 217 | 108 | -50.2% |
| Thailand | 269 | 45.6 | N/A | 77.4 | -34.0% |
| Mexico | N/A | N/A | N/A | 22.0 | 0% |
| Vietnam | N/A | N/A | 120 | N/A | 0% |
| Others | 117 | 21.3 | 67.1 | 15.8 | -48.7% |
| Total | 386 | 422 | 947 | 964 | 35.7% |
Top Export Markets for Hot-Rolled Free-Cutting Steel from India in 2022:
- United States (389.9 tons)
- Malaysia (308.5 tons)
- Turkey (122.3 tons)
- Argentina (97.7 tons)
- Thailand (92.5 tons)
- Mexico (17.0 tons)
Hot-Rolled Free-Cutting Steel Imports in India
In 2022, imports of hot-rolled bars in free-cutting steels into India shrank markedly to 44 tons, with a decrease of -60.5% on the previous year's figure. In general, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 24%.
In value terms, hot-rolled free-cutting steel imports shrank dramatically to $118K in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 64%.
| Import of Hot-Rolled Free-Cutting Steel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 47.1 | 13.9 | 44.7 | 81.4 | 20.0% |
| Germany | 47.1 | 23.5 | 96.9 | 35.4 | -9.1% |
| China | 22.8 | N/A | N/A | N/A | 0% |
| Oman | N/A | 17.0 | N/A | N/A | 0% |
| Bhutan | 70.9 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 8.8 | N/A | N/A | 0% |
| Others | 17.7 | 35.0 | 19.0 | 1.1 | -60.4% |
| Total | 206 | 98.2 | 161 | 118 | -17.0% |
Top Suppliers of Hot-Rolled Free-Cutting Steel to India in 2022:
- Germany (40.0 tons)
- Taiwan (Chinese) (3.4 tons)
This report provides an in-depth analysis of the hot-rolled free-cutting steel market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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