Report Update: May 1, 2024

Belgium - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Forged Stainless Steel Bar in Belgium - 2023

Price for Forged Stainless Steel Bar in Belgium (CIF) - 2023

In July 2023, the average forged stainless steel bar import price amounted to $4,831 per ton, waning by -59.3% against the previous month. Overall, the import price, however, posted modest growth. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 165% month-to-month. As a result, import price reached the peak level of $12,108 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($30,698 per ton), while the price for India ($4,578 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the prices for the other major suppliers experienced a decline.

Price for Forged Stainless Steel Bar in Belgium (FOB) - 2022

The average forged stainless steel bar export price stood at $4,696 per ton in 2022, with an increase of 31% against the previous year. In general, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $12,002 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($7,419 per ton), while the average price for exports to Austria ($3,983 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 France (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Forged Stainless Steel Bar in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of forged bars of stainless steel, which increased by 23% to 7.7K tons in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 485% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, forged stainless steel bar imports surged to $35M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 202% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Forged Stainless Steel Bar in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	0.2	13.0	16.5	27.4	415.5%
Germany	1.8	1.3	1.9	2.0	3.6%
United Kingdom	0.7	0.2	0.5	0.9	8.7%
Italy	0.2	N/A	0.8	0.8	58.7%
Others	2.7	2.8	2.5	4.2	15.9%
Total	5.7	17.2	22.2	35.2	83.5%

Top Suppliers of Forged Stainless Steel Bar to Belgium in 2022:

India (6.7K tons)
Germany (0.2K tons)
United Kingdom (0.1K tons)
Italy (0.1K tons)

Exports of Forged Stainless Steel Bar in Belgium

Forged stainless steel bar exports from Belgium expanded markedly to 6.4K tons in 2022, increasing by 15% compared with the previous year. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,434% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, forged stainless steel bar exports skyrocketed to $30M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 392% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Forged Stainless Steel Bar in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.9	9.6	15.5	22.3	191.5%
France	0.8	2.2	2.0	2.6	48.1%
Austria	0.1	1.1	1.2	1.6	152.0%
Netherlands	0.2	0.6	0.3	1.3	86.6%
Hungary	N/A	0.2	0.4	0.9	112.1%
Suriname	N/A	0.2	N/A	N/A	0%
Others	0.9	1.0	0.7	1.6	21.1%
Total	3.0	14.9	20.0	30.2	115.9%

Top Export Markets for Forged Stainless Steel Bar from Belgium in 2022:

Germany (5.1K tons)
Austria (0.4K tons)
France (0.3K tons)
Netherlands (0.2K tons)
Hungary (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for forged stainless steel bar in Belgium. 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 24106450 - Forged bars, of stainless steel

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023