Benelux: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Benelux

The Benelux forged stainless steel bar market stood at $X in 2023, leveling off at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Production of Forged Bars Of Stainless Steel in Benelux

In value terms, forged stainless steel bar production expanded modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in Benelux

In 2023, overseas shipments of forged bars of stainless steel increased by X% to X tons, rising for the fifth consecutive year after five years of decline. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, forged stainless steel bar exports surged to $X in 2023. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium was the key exporter of forged bars of stainless steel in Benelux, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports.

Belgium was also the fastest-growing in terms of the forged bars of stainless steel exports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest forged stainless steel bar supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports.

In Belgium, forged stainless steel bar exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Forged Bars Of Stainless Steel

Imports in Benelux

In 2023, approx. X tons of forged bars of stainless steel were imported in Benelux; surging by X% against 2022. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, forged stainless steel bar imports soared to $X in 2023. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

In 2023, Belgium (X tons) was the largest importer of forged bars of stainless steel, mixing up X% of total imports. It was distantly followed by the Netherlands (X tons), achieving a X% share of total imports.

Belgium was also the fastest-growing in terms of the forged bars of stainless steel imports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported forged bars of stainless steel in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

In Belgium, forged stainless steel bar imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, rising by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2023: its price 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, forged stainless steel bar import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform