Italy - 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 Italy - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Italy (FOB) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Italy (CIF) - 2023
- Exports of Hot-Rolled Bearing Steel Bar in Italy
- Imports of Hot-Rolled Bearing Steel Bar in Italy
Price for Hot-Rolled Bearing Steel Bar in Italy (FOB) - 2023
In July 2023, the average hot-rolled bearing steel bar export price amounted to $1,318 per ton, which is down by -3.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.2% m-o-m. As a result, the export price attained the peak level of $1,412 per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,172 per ton), while the average price for exports to Turkey ($1,099 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 Brazil (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Bearing Steel Bar in Italy (CIF) - 2023
The average hot-rolled bearing steel bar import price stood at $1,464 per ton in July 2023, waning by -15.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 22% month-to-month. The import price peaked at $1,733 per ton in June 2023, and then fell rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Sweden ($2,207 per ton), while the price for India ($937 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 Sweden (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Bearing Steel Bar in Italy
Hot-rolled bearing steel bar exports from Italy expanded significantly to 400K tons in 2022, surging by 6.5% against the year before. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled bearing steel bar exports skyrocketed to $554M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 77%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Hot-Rolled Bearing Steel Bar in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 93.9 | 65.2 | 120 | 162 | 19.9% |
Spain | 44.7 | 31.1 | 42.9 | 57.9 | 9.0% |
Austria | 28.7 | 21.2 | 40.9 | 49.2 | 19.7% |
France | 30.3 | 15.6 | 31.6 | 44.6 | 13.8% |
Turkey | 9.2 | 14.9 | 25.1 | 39.6 | 62.7% |
Hungary | 19.8 | 13.9 | 31.9 | 38.9 | 25.2% |
Sweden | 16.3 | 16.6 | 30.7 | 36.2 | 30.5% |
Brazil | 3.9 | 5.0 | 15.8 | 15.4 | 58.1% |
Romania | 5.3 | 5.7 | 8.0 | 14.5 | 39.9% |
United Kingdom | 6.2 | 3.3 | 11.3 | 13.6 | 29.9% |
Czech Republic | 3.0 | 4.8 | 7.2 | 10.2 | 50.4% |
Croatia | 3.8 | 4.6 | 6.4 | 10.0 | 38.1% |
Vietnam | 1.0 | 0.1 | 0.1 | 6.0 | 81.7% |
Others | 50.1 | 33.3 | 45.4 | 55.6 | 3.5% |
Total | 316 | 235 | 417 | 554 | 20.6% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Italy in 2022:
- Germany (121.4K tons)
- Spain (43.7K tons)
- Austria (36.2K tons)
- Turkey (31.9K tons)
- France (29.6K tons)
- Hungary (26.6K tons)
- Sweden (22.0K tons)
- Brazil (11.6K tons)
- Romania (10.7K tons)
- United Kingdom (8.4K tons)
- Vietnam (8.0K tons)
- Croatia (8.0K tons)
- Czech Republic (6.9K tons)
Imports of Hot-Rolled Bearing Steel Bar in Italy
In 2022, hot-rolled bearing steel bar imports into Italy expanded significantly to 311K tons, growing by 8.2% against 2021. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled bearing steel bar imports skyrocketed to $435M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +87.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Hot-Rolled Bearing Steel Bar in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 64.3 | 31.3 | 36.6 | 73.9 | 4.7% |
Germany | 33.5 | 39.7 | 50.3 | 55.4 | 18.3% |
India | 3.3 | 5.3 | 24.6 | 51.7 | 150.2% |
France | 31.8 | 30.2 | 34.5 | 40.5 | 8.4% |
Czech Republic | 18.9 | 21.2 | 37.7 | 37.7 | 25.9% |
Romania | 10.6 | 13.4 | 31.0 | 33.6 | 46.9% |
Poland | 18.6 | 14.0 | 27.4 | 32.8 | 20.8% |
Spain | 18.5 | 16.0 | 22.2 | 25.2 | 10.9% |
Sweden | 14.0 | 11.4 | 15.4 | 23.1 | 18.2% |
Belarus | 6.4 | 5.8 | 4.3 | 0.8 | -50.0% |
Others | 58.9 | 43.3 | 51.8 | 60.8 | 1.1% |
Total | 279 | 232 | 336 | 435 | 16.0% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Italy in 2022:
- India (59.1K tons)
- China (57.9K tons)
- Germany (33.4K tons)
- Romania (26.2K tons)
- Czech Republic (25.1K tons)
- Poland (24.6K tons)
- France (19.9K tons)
- Spain (14.2K tons)
- Sweden (11.8K tons)
- Belarus (0.8K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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Exports of Hot-Rolled Steel Bar and Rod reached a peak of 4.1M tons in 2021, but saw a slight decrease from 2022 to 2023. In terms of value, exports sharply declined to $3.4B in 2023.
The price of Hot-Rolled Steel Bar and Rod reached $1,051 per ton (FOB, Italy) in April 2023, showing a month-on-month increase of 8.9%.
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