Germany: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Germany

The German hot-rolled round stainless steel market contracted slightly to $X in 2023, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Hot-rolled round stainless steel consumption peaked at $X in 2022, and then reduced in the following year.

Production of Hot-Rolled Round Bars Of Stainless Steel in Germany

In value terms, hot-rolled round stainless steel production contracted slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a mild setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Hot-rolled round stainless steel production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from Germany

Hot-rolled round stainless steel exports from Germany amounted to X tons in 2023, increasing by X% compared with the previous year. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel exports reached $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

China (X tons), France (X tons) and the United States (X tons) were the main destinations of hot-rolled round stainless steel exports from Germany, with a combined X% share of total exports. Brazil, the Netherlands, Italy, Poland, Turkey, Austria, the Czech Republic, Switzerland, Spain and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), the United States ($X) and China ($X) constituted the largest markets for hot-rolled round stainless steel exported from Germany worldwide, together comprising X% of total exports. The Netherlands, Brazil, Italy, Austria, Poland, Turkey, Switzerland, the Czech Republic, the UK and Spain lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average hot-rolled round stainless steel export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, export price indicated a slight 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 round stainless steel export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports into Germany

In 2023, after two years of growth, there was significant decline in purchases abroad of hot-rolled round bars of stainless steel, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2022, and then fell in the following year.

In value terms, hot-rolled round stainless steel imports contracted to $X in 2023. In general, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Spain (X tons), India (X tons) and France (X tons) were the main suppliers of hot-rolled round stainless steel imports to Germany, with a combined X% share of total imports. Sweden, Belgium, the Netherlands, Italy, Slovenia and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest hot-rolled round stainless steel suppliers to Germany were Spain ($X), France ($X) and Sweden ($X), together accounting for X% of total imports. India, Belgium, Italy, the UK, the Netherlands and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, saw 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 round stainless steel import price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, posted a notable increase. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced 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 the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform