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

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

In 2023, the Italian hot-rolled round stainless steel market increased by X% to $X, rising for the seventh consecutive year after four years of decline. In general, consumption saw a prominent expansion. Hot-rolled round stainless steel consumption peaked in 2023 and is likely to see steady growth in the immediate term.

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

In value terms, hot-rolled round stainless steel production stood at $X in 2023 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2023 and is likely to see gradual growth in the immediate term.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from Italy

Hot-rolled round stainless steel exports from Italy dropped sharply to X tons in 2023, waning by X% against 2022. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then dropped markedly in the following year.

In value terms, hot-rolled round stainless steel exports contracted dramatically to $X in 2023. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then shrank markedly in the following year.

Exports by Country

Canada (X tons), the United States (X tons) and Germany (X tons) were the main destinations of hot-rolled round stainless steel exports from Italy, with a combined X% share of total exports.

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

In value terms, the largest markets for hot-rolled round stainless steel exported from Italy were Canada ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw 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

The average hot-rolled round stainless steel export price stood at $X per ton in 2023, flattening at the previous year. In general, export price indicated mild growth 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 2018 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($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 Hungary (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 Italy

After two years of growth, overseas purchases of hot-rolled round bars of stainless steel decreased by X% to X tons in 2023. 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 pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel imports reduced to $X in 2023. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

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

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

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

In terms of the main suppliers, Austria, 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

In 2023, the average hot-rolled round stainless steel import price amounted to $X per ton, flattening at the previous year. In general, import price indicated moderate growth 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, hot-rolled round stainless steel import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, leveling off 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 Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform