Italy - 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 Italy - 2023
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Italy (CIF) - 2023
- Price for Hot-Rolled High Speed Steel Bar in Italy (FOB) - 2022
- Imports of Hot-Rolled High Speed Steel Bar in Italy
- Exports of Hot-Rolled High Speed Steel Bar in Italy
Price for Hot-Rolled High Speed Steel Bar in Italy (CIF) - 2023
The average import price for hot-rolled bars of high speed steel stood at $5,686 per ton in July 2023, dropping by -8.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 228% against the previous month. As a result, import price attained the peak level of $16,338 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat 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 France ($25,769 per ton), while the price for Poland ($922 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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled High Speed Steel Bar in Italy (FOB) - 2022
The average export price for hot-rolled bars of high speed steel stood at $2,938 per ton in 2022, surging by 17% against the previous year. In general, the export price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2017 an increase of 56% against the previous year. The export price peaked at $4,194 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($10,718 per ton), while the average price for exports to Jordan ($441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.0%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled High Speed Steel Bar in Italy
In 2022, hot-rolled high speed steel bar imports into Italy expanded sharply to 6.4K tons, increasing by 5.4% against the previous year's figure. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year.
In value terms, hot-rolled high speed steel bar imports soared to $35M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 increased by +76.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
Import of Hot-Rolled High Speed Steel Bar in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 5.6 | 4.2 | 6.0 | 12.8 | 31.7% |
Austria | 10.6 | 7.1 | 11.8 | 8.9 | -5.7% |
Germany | 2.0 | 4.3 | 4.1 | 4.1 | 27.0% |
Poland | 1.1 | 1.2 | 3.0 | 3.4 | 45.7% |
Sweden | 0.2 | 0.5 | 0.6 | 1.4 | 91.3% |
Belgium | N/A | N/A | 1.0 | 1.1 | 10.0% |
China | 0.9 | 0.3 | 0.2 | 0.7 | -8.0% |
United Kingdom | 4.1 | 0.2 | N/A | N/A | -95.1% |
Luxembourg | 1.7 | 0.1 | N/A | N/A | -94.1% |
Others | 1.5 | 1.8 | 1.4 | 2.3 | 15.3% |
Total | 27.7 | 19.7 | 28.1 | 34.6 | 7.7% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Italy in 2022:
- Poland (3021.9 tons)
- Belgium (1041.2 tons)
- France (831.6 tons)
- Austria (595.1 tons)
- Germany (533.9 tons)
- China (156.9 tons)
- Sweden (125.0 tons)
- United Kingdom (0.3 tons)
Exports of Hot-Rolled High Speed Steel Bar in Italy
In 2022, exports of hot-rolled bars of high speed steel from Italy rose rapidly to 906 tons, picking up by 7.2% compared with 2021. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 168%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled high speed steel bar exports surged to $2.7M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 121% against the previous year.
Export of Hot-Rolled High Speed Steel Bar in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 78.0 | 10.8 | 124 | 503 | 86.1% |
Israel | 434 | 257 | 450 | 426 | -0.6% |
United Kingdom | 208 | 1.1 | 102 | 276 | 9.9% |
Germany | 157 | 14.3 | 148 | 201 | 8.6% |
South Korea | 173 | N/A | 19.3 | 175 | 0.4% |
India | 382 | N/A | 12.7 | 106 | -34.8% |
Sweden | 2.0 | 0.1 | 28.0 | 68.2 | 224.3% |
France | 378 | 185 | 395 | 64.5 | -44.5% |
Albania | 2.9 | 5.8 | 88.5 | 59.6 | 173.9% |
Jordan | N/A | N/A | N/A | 55.2 | 0% |
Philippines | N/A | N/A | N/A | 38.9 | 0% |
Argentina | N/A | N/A | 196 | 36.3 | -81.5% |
Latvia | N/A | N/A | N/A | 19.3 | 0% |
Others | 912 | 485 | 559 | 631 | -11.6% |
Total | 2,726 | 960 | 2,123 | 2,660 | -0.8% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Italy in 2022:
- Germany (235.0 tons)
- Jordan (125.3 tons)
- Israel (100.6 tons)
- India (84.5 tons)
- United Kingdom (58.9 tons)
- United States (47.8 tons)
- France (34.3 tons)
- Albania (31.1 tons)
- Argentina (26.5 tons)
- Philippines (24.6 tons)
- Latvia (24.4 tons)
- Sweden (23.8 tons)
- South Korea (16.3 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed 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 24106610 - Hot-rolled bars of high speed steel
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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