Eastern Europe: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Eastern Europe

In 2022, the East European concrete reinforcing bar market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Concrete Reinforcing Bar Production in Eastern Europe

In value terms, concrete reinforcing bar production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Concrete Reinforcing Bar Exports

Exports in Eastern Europe

In 2022, exports of concrete reinforcing bars in Eastern Europe dropped remarkably to X tons, which is down by X% on 2021. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. Poland (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (X%), the Czech Republic (X%), Hungary (X%), Ukraine (X%) and Lithuania (X%).

Russia was also the fastest-growing in terms of the concrete reinforcing bars exports, with a CAGR of X% from 2012 to 2022. At the same time, Lithuania (X%) and Hungary (X%) displayed positive paces of growth. Bulgaria experienced a relatively flat trend pattern. By contrast, Poland (X%), the Czech Republic (X%) and Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.), Bulgaria (X p.p.), Hungary (X p.p.), Lithuania (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concrete reinforcing bar supplying countries in Eastern Europe were Russia ($X), Poland ($X) and Bulgaria ($X), with a combined X% share of total exports. The Czech Republic, Hungary, Lithuania and Ukraine lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports in Eastern Europe

Concrete reinforcing bar imports plummeted to X tons in 2022, waning by X% on the previous year. In general, imports showed a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports dropped to $X in 2022. Over the period under review, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Romania (X tons), distantly followed by Poland (X tons), the Czech Republic (X tons), Slovakia (X tons), Lithuania (X tons) and Hungary (X tons) were the major importers of concrete reinforcing bars, together achieving X% of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Romania, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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