Eastern Europe: Market for Hot-Rolled Bars Of High Speed Steel 2024

Market Size for Hot-Rolled Bars Of High Speed Steel in Eastern Europe

The East European market for hot-rolled bars of high speed steel contracted slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in Eastern Europe

In value terms, hot-rolled high speed steel bar production declined to $X in 2022 estimated in export price. In general, production saw a deep slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in Eastern Europe

In 2022, overseas shipments of hot-rolled bars of high speed steel decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, showed slight growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports fell markedly to $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Ukraine (X tons) took the second position in the ranking, followed by Russia (X tons). All these countries together held approx. X% share of total exports.

The Czech Republic was also the fastest-growing in terms of the hot-rolled bars of high speed steel exports, with a CAGR of X% from 2012 to 2022. Russia (X%) and Ukraine (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and Ukraine saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the Czech Republic ($X), Ukraine ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in Eastern Europe

In 2022, approx. X tons of hot-rolled bars of high speed steel were imported in Eastern Europe; jumping by X% against 2021. In general, imports, however, saw a noticeable reduction. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports soared to $X in 2022. Overall, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Romania represented the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by the Czech Republic (X tons), Poland (X tons), Russia (X tons) and Belarus (X tons), together achieving a X% share of total imports. The following importers - Bulgaria (X tons) and Slovakia (X tons) - each reached a X% share of total imports.

Romania was also the fastest-growing in terms of the hot-rolled bars of high speed steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. Bulgaria experienced a relatively flat trend pattern. By contrast, Belarus (X%), the Czech Republic (X%), Russia (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.), Slovakia (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hot-rolled high speed steel bar importing markets in Eastern Europe were the Czech Republic ($X), Romania ($X) and Poland ($X), with a combined X% share of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform