Croatia - 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 Croatia - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Croatia (CIF) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Croatia (FOB) - 2023
- Imports of Hot-Rolled Bearing Steel Bar in Croatia
- Exports of Hot-Rolled Bearing Steel Bar in Croatia
Price for Hot-Rolled Bearing Steel Bar in Croatia (CIF) - 2023
In June 2023, the average hot-rolled bearing steel bar import price amounted to $1,980 per ton, jumping by 24% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. As a result, import price attained 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 June 2023, the country with the highest price was Germany ($3,425 per ton), while the price for Italy ($1,163 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Croatia (FOB) - 2023
The average hot-rolled bearing steel bar export price stood at $1,836 per ton in July 2023, waning by -18.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 54% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,407 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Australia ($2,383 per ton), while the average price for exports to Italy ($1,323 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 Turkey (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Bearing Steel Bar in Croatia
For the fourth consecutive year, Croatia recorded growth in supplies from abroad of hot-rolled bars in bearing steels, which increased by 7.6% to 20K tons in 2022. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled bearing steel bar imports soared to $32M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Hot-Rolled Bearing Steel Bar in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 7.2 | 6.9 | 11.7 | 13.6 | 23.6% |
| Italy | 4.3 | 4.7 | 6.4 | 10.3 | 33.8% |
| Poland | 1.4 | 0.5 | 1.6 | 2.3 | 18.0% |
| Germany | 0.8 | 0.8 | 0.8 | 1.9 | 33.4% |
| Bulgaria | 1.1 | 0.5 | 0.2 | 1.0 | -3.1% |
| Czech Republic | N/A | 0.5 | 0.6 | 0.9 | 34.2% |
| Austria | 0.8 | 0.7 | 0.8 | 0.9 | 4.0% |
| Others | 0.5 | 0.3 | 0.5 | 0.6 | 6.3% |
| Total | 16.1 | 15.0 | 22.6 | 31.5 | 25.1% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Croatia in 2022:
- Italy (8.3K tons)
- Slovenia (7.2K tons)
- Poland (1.7K tons)
- Bulgaria (0.8K tons)
- Czech Republic (0.6K tons)
- Germany (0.6K tons)
- Austria (0.3K tons)
Exports of Hot-Rolled Bearing Steel Bar in Croatia
In 2022, after three years of growth, there was decline in shipments abroad of hot-rolled bars in bearing steels, when their volume decreased by -2.7% to 1K tons. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 45%.
In value terms, hot-rolled bearing steel bar exports surged to $2.1M in 2022. Overall, exports, however, recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Bearing Steel Bar in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 430 | 625 | 789 | 732 | 19.4% |
| Serbia | 193 | 261 | 383 | 484 | 35.9% |
| Italy | 44.0 | 14.2 | 25.6 | 251 | 78.7% |
| Bosnia and Herzegovina | 54.4 | 167 | 145 | 223 | 60.0% |
| Australia | 158 | 131 | 56.4 | 146 | -2.6% |
| Turkey | N/A | N/A | N/A | 144 | 0% |
| Others | 136 | 2.1 | 149 | 75.2 | -17.9% |
| Total | 1,016 | 1,200 | 1,549 | 2,056 | 26.5% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Croatia in 2022:
- Slovenia (364.0 tons)
- Serbia (251.2 tons)
- Italy (140.7 tons)
- Bosnia and Herzegovina (102.6 tons)
- Turkey (92.6 tons)
- Australia (68.6 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Croatia. 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:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- 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
-
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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