Belgium - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in Belgium - 2023
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Belgium (CIF) - 2023
- Price for Hot-Rolled High Speed Steel Bar in Belgium (FOB) - 2023
- Imports of Hot-Rolled High Speed Steel Bar in Belgium
- Exports of Hot-Rolled High Speed Steel Bar in Belgium
Price for Hot-Rolled High Speed Steel Bar in Belgium (CIF) - 2023
The average import price for hot-rolled bars of high speed steel stood at $5,132 per ton in July 2023, declining by -42% against the previous month. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 130% against the previous month. The import price peaked at $9,944 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($12,225 per ton), while the price for Germany ($1,424 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 China (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled High Speed Steel Bar in Belgium (FOB) - 2023
In June 2023, the average export price for hot-rolled bars of high speed steel amounted to $13,048 per ton, picking up by 2% against the previous month. In general, export price indicated a tangible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, hot-rolled high speed steel bar export price increased by +8.6% against March 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 56% m-o-m. The export price peaked at $17,628 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Germany.
From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to +3.1% per month.
Imports of Hot-Rolled High Speed Steel Bar in Belgium
In 2022, supplies from abroad of hot-rolled bars of high speed steel decreased by -27.6% to 1.4K tons, falling for the second year in a row after two years of growth. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 9.2%. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled high speed steel bar imports contracted markedly to $4.6M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year.
| Import of Hot-Rolled High Speed Steel Bar in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.1 | 4.0 | 4.7 | 1.7 | -6.8% |
| Germany | 1.0 | 1.1 | 1.0 | 1.4 | 11.9% |
| China | 0.1 | 0.2 | 0.4 | 0.9 | 108.0% |
| Spain | 1.1 | 1.1 | 1.6 | 0.3 | -35.2% |
| Others | 0.4 | 0.7 | 0.6 | 0.2 | -20.6% |
| Total | 4.7 | 7.1 | 8.3 | 4.6 | -0.7% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Belgium in 2022:
- Italy (575.8 tons)
- Germany (554.6 tons)
- China (146.0 tons)
- Spain (89.8 tons)
Exports of Hot-Rolled High Speed Steel Bar in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of hot-rolled bars of high speed steel, when their volume decreased by -99.4% to 5.7 tons. Overall, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 9,975%.
In value terms, hot-rolled high speed steel bar exports fell sharply to $73K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 14,316%.
| Export of Hot-Rolled High Speed Steel Bar in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.9 | N/A | 330 | 30.3 | 98.1% |
| Cote d'Ivoire | N/A | 99.0 | 1,879 | 12.7 | -64.2% |
| United States | N/A | N/A | N/A | 8.0 | 0% |
| United Kingdom | N/A | N/A | N/A | 7.9 | 0% |
| Malaysia | N/A | N/A | N/A | 0.9 | 0% |
| Mauritania | 0.1 | 11.4 | 347 | 0.8 | 100.0% |
| Jordan | N/A | N/A | N/A | 0.8 | 0% |
| Spain | 12.1 | N/A | 666 | N/A | 641.9% |
| Luxembourg | N/A | 101 | 435 | N/A | 330.7% |
| Taiwan (Chinese) | N/A | 3,502 | N/A | N/A | 0% |
| Others | 15.2 | 809 | 1,415 | 11.9 | -7.8% |
| Total | 31.4 | 4,522 | 5,073 | 73.2 | 32.6% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Belgium in 2022:
- Cote d'Ivoire (2395.0 kg)
- Jordan (1502.0 kg)
- Saudi Arabia (1128.0 kg)
- Mauritania (192.0 kg)
- United Kingdom (155.0 kg)
- United States (134.0 kg)
- Malaysia (98.0 kg)
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Belgium. 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 24106610 - Hot-rolled bars of high speed steel
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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