Austria: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Austria

After two years of growth, the Austrian hot-rolled bearing steel bar market decreased by X% to $X in 2023. Overall, consumption, however, saw pronounced growth. Over the period under review, the market reached the peak level at $X in 2022, and then declined in the following year.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Austria

In 2023, the amount of hot-rolled bars in bearing steels exported from Austria dropped significantly to X tons, with a decrease of X% against 2022. Overall, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, hot-rolled bearing steel bar exports declined dramatically to $X in 2023. Over the period under review, exports saw a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for hot-rolled bearing steel bar exports from Austria, accounting for a X% share of total exports. Moreover, hot-rolled bearing steel bar exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled bearing steel bar export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Austria

In 2023, the amount of hot-rolled bars in bearing steels imported into Austria fell to X tons, shrinking by X% on 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports dropped to $X in 2023. In general, total imports indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Austria, together accounting for X% of total imports. Poland, Slovenia, Sweden, Turkey, the Czech Republic, Romania and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled bearing steel bar suppliers to Austria were Germany ($X), Italy ($X) and Switzerland ($X), with a combined X% share of total imports. Poland, Slovenia, Sweden, the Czech Republic, Turkey, Romania and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform