EU: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in the EU

In 2023, the EU forged stainless steel bar market increased by X% to $X, rising for the third year in a row after five years of decline. Over the period under review, consumption, however, showed a slight setback. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Forged Bars Of Stainless Steel in the EU

In value terms, forged stainless steel bar production contracted to $X in 2023 estimated in export price. Overall, production, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

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Exports of Forged Bars Of Stainless Steel

Exports in the EU

Forged stainless steel bar exports fell to X tons in 2023, which is down by X% against 2022. Over the period under review, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, forged stainless steel bar exports expanded rapidly to $X in 2023. Total exports indicated a modest expansion from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

Exports by Country

In 2023, Germany (X tons) and Italy (X tons) represented the main exporters of forged bars of stainless steel in the European Union, together constituting X% of total exports. It was distantly followed by Sweden (X tons), Belgium (X tons), Spain (X tons) and Slovenia (X tons), together achieving a X% share of total exports. Poland (X tons) held a minor share of total exports.

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

In value terms, the largest forged stainless steel bar supplying countries in the European Union were Germany ($X), Italy ($X) and Sweden ($X), with a combined X% share of total exports. Spain, Belgium, Slovenia and Poland lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a perceptible 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

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

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

Imports of Forged Bars Of Stainless Steel

Imports in the EU

In 2023, purchases abroad of forged bars of stainless steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a mild expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, forged stainless steel bar imports surged to $X in 2023. In general, imports recorded a moderate expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Germany (X tons), distantly followed by Poland (X tons), Italy (X tons), Belgium (X tons) and France (X tons) represented the major importers of forged bars of stainless steel, together comprising X% of total imports. The following importers - Slovakia (X tons), Spain (X tons), Austria (X tons), the Netherlands (X tons), Romania (X tons), Slovenia (X tons), Sweden (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported forged bars of stainless steel in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a tangible 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, forged stainless steel bar import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Sweden ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform