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

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

The Italian market for hot-rolled bars of high speed steel reached $X in 2022, surging by 3% against the previous year. In general, consumption, however, recorded a mild shrinkage. Hot-rolled high speed steel bar consumption peaked 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 Italy

In value terms, hot-rolled high speed steel bar production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 76% against the previous year. Hot-rolled high speed steel bar production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Italy

In 2022, shipments abroad of hot-rolled bars of high speed steel increased by 7.2% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 168% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports surged to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 121%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Jordan (X tons) and Israel (X tons) were the main destinations of hot-rolled high speed steel bar exports from Italy, together accounting for 51% of total exports. India, the UK, the United States, France, Albania, Argentina, the Philippines, Latvia, Sweden and South Korea lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +39.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled high speed steel bar exported from Italy were the United States ($X), Israel ($X) and the UK ($X), with a combined 45% share of total exports.

Among the main countries of destination, Israel, with a CAGR of +21.2%, recorded the highest rates of growth with regard to 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 2022, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 56%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.0%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Italy

In 2022, purchases abroad of hot-rolled bars of high speed steel increased by 5.4% to X tons, rising for the second year in a row after three years of decline. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 353%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar imports surged to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest hot-rolled high speed steel bar supplier to Italy, accounting for a 47% share of total imports. Moreover, hot-rolled high speed steel bar imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +191.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+54.7% per year) and France (+4.1% per year).

In value terms, France ($X), Austria ($X) and Germany ($X) constituted the largest hot-rolled high speed steel bar suppliers to Italy, with a combined 75% share of total imports. Poland, Sweden, Belgium, China and the UK lagged somewhat behind, together comprising a further 19%.

Poland, with a CAGR of +178.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 97% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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