Luxembourg: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Luxembourg

The Luxembourg hot-rolled bearing steel bar market declined sharply to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Production of Hot-Rolled Bars In Bearing Steels in Luxembourg

In value terms, hot-rolled bearing steel bar production dropped to $X in 2023 estimated in export price. Overall, production faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Exports of Hot-Rolled Bars In Bearing Steels

Exports from Luxembourg

In 2023, the amount of hot-rolled bars in bearing steels exported from Luxembourg expanded slightly to X tons, surging by X% compared with the previous year. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports reduced dramatically to $X in 2023. In general, exports, however, continue to indicate a dramatic decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of hot-rolled bearing steel bar exports from Luxembourg, with a combined X% share of total exports.

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

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest markets for hot-rolled bearing steel bar exported from Luxembourg worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average hot-rolled bearing steel bar export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a sharp curtailment. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to France ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Luxembourg

In 2023, purchases abroad of hot-rolled bars in bearing steels decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports reduced markedly to $X in 2023. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Luxembourg, with a combined X% share of total imports. The Netherlands lagged somewhat behind, accounting for 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 mixed trend patterns.

In value terms, the largest hot-rolled bearing steel bar suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for X% of total imports. The Netherlands lagged somewhat behind, accounting for a further X%.

Among the main suppliers, the Netherlands, 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 a decline.

Import Prices by Country

In 2023, the average hot-rolled bearing steel bar import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform