Finland - 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 Finland - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Finland (FOB) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Finland (CIF) - 2022
- Exports of Hot-Rolled Bearing Steel Bar in Finland
- Imports of Hot-Rolled Bearing Steel Bar in Finland
Price for Hot-Rolled Bearing Steel Bar in Finland (FOB) - 2023
In July 2023, the average hot-rolled bearing steel bar export price amounted to $1,333 per ton, shrinking by -10.6% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 9.2% against the previous month. The export price peaked at $1,516 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Romania ($1,662 per ton) and France ($1,518 per ton), while the average price for exports to Sweden ($1,177 per ton) and Germany ($1,297 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Hot-Rolled Bearing Steel Bar in Finland (CIF) - 2022
In 2022, the average hot-rolled bearing steel bar import price amounted to $1,600 per ton, with an increase of 32% against the previous year. Overall, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2021 an increase of 73%. The import price peaked at $1,923 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Sweden ($2,001 per ton), while the price for Russia ($537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Hot-Rolled Bearing Steel Bar in Finland
In 2022, hot-rolled bearing steel bar exports from Finland expanded sharply to 100K tons, surging by 8.1% on the year before. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled bearing steel bar exports surged to $157M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 56%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Hot-Rolled Bearing Steel Bar in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 30.9 | 25.9 | 44.1 | 72.8 | 33.1% |
| Germany | 15.6 | 10.1 | 19.5 | 25.3 | 17.5% |
| United Kingdom | 7.7 | 5.5 | 12.8 | 14.2 | 22.6% |
| France | 5.5 | 3.1 | 6.1 | 10.0 | 22.1% |
| Romania | 5.5 | 4.8 | 5.6 | 5.6 | 0.6% |
| Poland | 2.9 | 3.0 | 4.8 | 4.7 | 17.5% |
| Italy | 2.5 | 2.2 | 3.8 | 4.3 | 19.8% |
| Hungary | 4.4 | 5.0 | 2.2 | 4.3 | -0.8% |
| Russia | 5.7 | 4.9 | 3.6 | 1.3 | -38.9% |
| Others | 6.3 | 6.2 | 7.7 | 14.2 | 31.1% |
| Total | 87.1 | 70.9 | 110 | 157 | 21.7% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Finland in 2022:
- Sweden (43.5K tons)
- Germany (22.5K tons)
- United Kingdom (8.5K tons)
- France (5.9K tons)
- Romania (3.3K tons)
- Poland (2.8K tons)
- Hungary (2.6K tons)
- Italy (2.4K tons)
- Russia (0.8K tons)
Imports of Hot-Rolled Bearing Steel Bar in Finland
In 2022, supplies from abroad of hot-rolled bars in bearing steels decreased by -23% to 18K tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 210% against the previous year. As a result, imports reached the peak of 54K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled bearing steel bar imports rose modestly to $29M in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, imports reached the peak of $38M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Hot-Rolled Bearing Steel Bar in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.9 | 1.8 | 1.7 | 4.7 | 73.5% |
| Spain | 1.5 | 1.3 | 3.6 | 4.6 | 45.3% |
| Germany | 4.7 | 2.1 | 3.0 | 3.4 | -10.2% |
| Czech Republic | 2.5 | 2.7 | 2.8 | 3.3 | 9.7% |
| Sweden | 3.7 | 2.3 | 3.4 | 3.1 | -5.7% |
| Italy | 5.1 | 5.5 | 2.9 | 1.8 | -29.3% |
| Russia | 2.5 | 18.9 | 4.4 | 0.9 | -28.9% |
| Others | 4.7 | 3.5 | 6.4 | 6.8 | 13.1% |
| Total | 25.6 | 38.1 | 28.1 | 28.5 | 3.6% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Finland in 2022:
- South Korea (3.9K tons)
- Spain (2.6K tons)
- Germany (1.9K tons)
- Czech Republic (1.8K tons)
- Sweden (1.6K tons)
- Russia (1.6K tons)
- Italy (1.1K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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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