Slovakia: Market for Hot-Rolled Steel Bars and Rods 2024

Market Size for Hot-Rolled Steel Bars and Rods in Slovakia

In 2022, the Slovak market for hot-rolled steel bars and rods increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Production of Hot-Rolled Steel Bars and Rods in Slovakia

In value terms, hot-rolled steel bar and rod production expanded to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Hot-rolled steel bar and rod production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Hot-Rolled Steel Bars and Rods

Exports from Slovakia

In 2022, overseas shipments of hot-rolled steel bars and rods decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled steel bar and rod exports rose significantly to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for hot-rolled steel bar and rod exports from Slovakia, accounting for a X% share of total exports. Moreover, hot-rolled steel bar and rod exports to the Czech Republic exceeded the volume sent to the second major destination, Austria (X tons), twofold. The third position in this ranking was taken by Hungary (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Hungary (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled steel bars and rods amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel bar and rod export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the average price for exports to Hungary ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Slovakia

In 2022, supplies from abroad of hot-rolled steel bars and rods increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hot-rolled steel bar and rod imports skyrocketed to $X in 2022. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Slovakia, together comprising X% of total imports. Italy, Hungary, Austria and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) were the largest hot-rolled steel bar and rod suppliers to Slovakia, with a combined X% share of total imports. Italy, Hungary, Austria and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hungary, 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 import price for hot-rolled steel bars and rods stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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