Pakistan - 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 Pakistan - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Pakistan (CIF) - 2022
- Price for Hot-Rolled Bearing Steel Bar in Pakistan (FOB) - 2022
- Imports of Hot-Rolled Bearing Steel Bar in Pakistan
- Exports of Hot-Rolled Bearing Steel Bar in Pakistan
Price for Hot-Rolled Bearing Steel Bar in Pakistan (CIF) - 2022
In 2022, the average hot-rolled bearing steel bar import price amounted to $822 per ton, jumping by 29% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $867 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($872 per ton), while the price for China amounted to $812 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.0%).
Price for Hot-Rolled Bearing Steel Bar in Pakistan (FOB) - 2022
In 2022, the average hot-rolled bearing steel bar export price amounted to $1,477 per ton, waning by -6.4% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar export price increased by +11.9% against 2013 indices. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The export price peaked at $1,578 per ton in 2021, and then contracted in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,477 per ton), while the average price for exports to Slovakia amounted to $1,063 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.4%).
Imports of Hot-Rolled Bearing Steel Bar in Pakistan
In 2022, imports of hot-rolled bars in bearing steels into Pakistan fell dramatically to 1.2K tons, waning by -28% on the year before. Over the period under review, imports faced a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year.
In value terms, hot-rolled bearing steel bar imports contracted to $1M in 2022. Overall, imports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
| Import of Hot-Rolled Bearing Steel Bar in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,740 | 273 | 485 | 939 | -18.6% |
| Hong Kong SAR | 365 | 263 | 350 | 55.0 | -46.8% |
| Japan | 145 | 38.7 | 106 | 11.6 | -56.9% |
| Iran | 37.5 | 27.0 | 36.0 | 5.6 | -46.9% |
| United Arab Emirates | 51.4 | 29.2 | 28.4 | 4.1 | -57.0% |
| Others | 109 | 64.9 | 94.5 | 10.3 | -54.5% |
| Total | 2,447 | 696 | 1,100 | 1,025 | -25.2% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Pakistan in 2022:
- China (1155.6 tons)
- Hong Kong SAR (63.1 tons)
- Iran (9.8 tons)
- United Arab Emirates (6.4 tons)
- Japan (5.5 tons)
Exports of Hot-Rolled Bearing Steel Bar in Pakistan
After two years of decline, shipments abroad of hot-rolled bars in bearing steels increased by 25% to 35 tons in 2022. Over the period under review, exports, however, saw a deep slump.
In value terms, hot-rolled bearing steel bar exports surged to $52K in 2022. Overall, exports, however, continue to indicate a deep setback.
| Export of Hot-Rolled Bearing Steel Bar in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 59.6 | 40.3 | 52.1 | -6.5% |
| Afghanistan | 67.6 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 0.2 | 4.5 | 0.1 | -60.3% |
| Total | 69.1 | 59.8 | 44.7 | 52.3 | -8.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Pakistan in 2022:
- Turkey (35.3 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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