Portugal - 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 Portugal - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Portugal (CIF) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Portugal (FOB) - 2023
- Imports of Hot-Rolled Bearing Steel Bar in Portugal
- Exports of Hot-Rolled Bearing Steel Bar in Portugal
Price for Hot-Rolled Bearing Steel Bar in Portugal (CIF) - 2023
The average hot-rolled bearing steel bar import price stood at $2,064 per ton in July 2023, growing by 21% against the previous month. Overall, the import price saw noticeable growth. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 139% month-to-month. As a result, import price attained the peak level of $3,803 per ton. From September 2022 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($9,303 per ton), while the price for France ($1,179 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 Austria (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Portugal (FOB) - 2023
In July 2023, the average hot-rolled bearing steel bar export price amounted to $3,710 per ton, dropping by -26.8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 103% month-to-month. Over the period under review, the average export prices hit record highs at $5,068 per ton in June 2023, and then reduced markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($14,070 per ton), while the average price for exports to the UK ($3,020 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 (+63.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Bearing Steel Bar in Portugal
In 2022, approx. 12K tons of hot-rolled bars in bearing steels were imported into Portugal; shrinking by -16.1% compared with 2021. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, hot-rolled bearing steel bar imports rose notably to $25M in 2022. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +3.7% 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 +59.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Hot-Rolled Bearing Steel Bar in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.2 | 4.1 | 7.2 | 7.9 | -5.0% |
| Germany | 2.4 | 4.4 | 6.4 | 4.8 | 26.0% |
| Italy | 1.6 | 1.4 | 1.9 | 3.6 | 31.0% |
| Austria | 0.8 | 0.8 | 1.4 | 2.2 | 40.1% |
| France | 3.2 | 1.0 | 1.4 | 2.0 | -14.5% |
| Belgium | 0.7 | 0.4 | 0.8 | 1.6 | 31.7% |
| Slovenia | 0.3 | 0.8 | 0.7 | 0.7 | 32.6% |
| Romania | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| China | 3.4 | 2.0 | 0.7 | 0.1 | -69.1% |
| Others | 0.8 | 0.9 | 1.6 | 1.7 | 28.6% |
| Total | 22.6 | 15.8 | 22.5 | 25.1 | 3.6% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Portugal in 2022:
- Spain (4.8K tons)
- Italy (1.7K tons)
- Germany (1.5K tons)
- Belgium (1.0K tons)
- France (0.8K tons)
- Austria (0.6K tons)
- Romania (0.3K tons)
- Slovenia (0.2K tons)
- China (0.1K tons)
Exports of Hot-Rolled Bearing Steel Bar in Portugal
In 2022, overseas shipments of hot-rolled bars in bearing steels decreased by -46% to 584 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hot-rolled bearing steel bar exports fell markedly to $2M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year.
| Export of Hot-Rolled Bearing Steel Bar in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,270 | 2,148 | 2,054 | 1,599 | 8.0% |
| France | 92.9 | 21.2 | 28.2 | 114 | 7.1% |
| Slovakia | N/A | N/A | N/A | 90.8 | 0% |
| Germany | 6.2 | 10.2 | 146 | 43.8 | 91.9% |
| Morocco | 1.4 | 8.7 | 31.7 | 28.9 | 174.3% |
| Brazil | 19.3 | 29.3 | 232 | N/A | 246.7% |
| Others | 159 | 44.5 | 120 | 99.4 | -14.5% |
| Total | 1,549 | 2,262 | 2,613 | 1,977 | 8.5% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Portugal in 2022:
- Spain (467.5 tons)
- France (31.1 tons)
- Germany (22.4 tons)
- Slovakia (21.7 tons)
- Morocco (9.9 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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