Austria - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Austria - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Austria (CIF) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Austria (FOB) - 2023
- Imports of Hot-Rolled Bearing Steel Bar in Austria
- Exports of Hot-Rolled Bearing Steel Bar in Austria
Price for Hot-Rolled Bearing Steel Bar in Austria (CIF) - 2023
The average hot-rolled bearing steel bar import price stood at $1,679 per ton in July 2023, declining by -2.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 13% month-to-month. Over the period under review, average import prices hit record highs at $1,754 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($2,079 per ton), while the price for Italy ($1,239 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 the Czech Republic (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Austria (FOB) - 2023
The average hot-rolled bearing steel bar export price stood at $3,798 per ton in July 2023, with an increase of 4.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in December 2022 an increase of 18% against the previous month. As a result, the export price reached the peak level of $4,086 per ton. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($5,691 per ton), while the average price for exports to the Netherlands ($1,741 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Bearing Steel Bar in Austria
In 2022, approx. 108K tons of hot-rolled bars in bearing steels were imported into Austria; reducing by -12.2% on 2021 figures. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of 123K tons, and then shrank in the following year.
In value terms, hot-rolled bearing steel bar imports rose markedly to $173M in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Hot-Rolled Bearing Steel Bar in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.3 | 27.0 | 49.1 | 62.9 | 30.5% |
| Italy | 27.4 | 22.7 | 50.0 | 41.5 | 14.8% |
| Slovenia | 6.0 | 4.6 | 8.5 | 12.7 | 28.4% |
| Poland | 3.2 | 2.7 | 4.7 | 11.0 | 50.9% |
| Switzerland | 3.6 | 3.4 | 7.1 | 10.4 | 42.4% |
| Czech Republic | 3.9 | 4.5 | 8.0 | 7.9 | 26.5% |
| Sweden | 4.0 | 3.0 | 6.0 | 7.9 | 25.5% |
| Romania | 3.2 | 1.9 | 3.7 | 6.0 | 23.3% |
| Others | 21.3 | 14.4 | 18.4 | 12.2 | -17.0% |
| Total | 101 | 84.3 | 155 | 173 | 19.6% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Austria in 2022:
- Germany (31.4K tons)
- Italy (31.0K tons)
- Slovenia (8.6K tons)
- Poland (8.3K tons)
- Switzerland (8.1K tons)
- Czech Republic (5.2K tons)
- Sweden (4.7K tons)
- Romania (4.1K tons)
Exports of Hot-Rolled Bearing Steel Bar in Austria
In 2022, hot-rolled bearing steel bar exports from Austria dropped remarkably to 24K tons, which is down by -20% compared with 2021. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. As a result, the exports attained the peak of 30K tons, and then shrank significantly in the following year.
In value terms, hot-rolled bearing steel bar exports rose markedly to $81M in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 82%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Hot-Rolled Bearing Steel Bar in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.9 | 16.3 | 34.3 | 37.0 | 15.7% |
| Czech Republic | 3.8 | 2.7 | 5.1 | 6.4 | 19.0% |
| Switzerland | 1.6 | 1.3 | 3.2 | 4.0 | 35.7% |
| United States | 2.6 | 2.3 | 2.5 | 3.9 | 14.5% |
| Slovenia | 1.8 | 1.5 | 3.8 | 3.7 | 27.1% |
| Italy | 2.9 | 1.7 | 2.7 | 3.1 | 2.2% |
| Hungary | 2.0 | 1.2 | 2.0 | 3.0 | 14.5% |
| Turkey | 1.4 | 1.2 | 2.1 | 2.2 | 16.3% |
| Indonesia | 0.9 | 1.1 | 1.2 | 1.9 | 28.3% |
| France | 1.5 | 1.1 | 1.9 | 1.8 | 6.3% |
| Others | 10.9 | 9.0 | 13.2 | 13.8 | 8.2% |
| Total | 53.3 | 39.4 | 71.9 | 80.8 | 14.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Austria in 2022:
- Germany (11.4K tons)
- Czech Republic (2.1K tons)
- Switzerland (1.5K tons)
- Slovenia (1.3K tons)
- Hungary (1.1K tons)
- Italy (0.8K tons)
- United States (0.8K tons)
- Indonesia (0.5K tons)
- Turkey (0.4K tons)
- France (0.3K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Austria. 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 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Austria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- 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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