Global Metal Bath Market 2023

Metal Bath Market Size

In 2021, the global metal bath market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Bath Production

In value terms, metal bath production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7.5%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

Metal Bath Exports

Exports

In 2021, after three years of decline, there was growth in shipments abroad of baths of iron or steel, when their volume increased by 1.2% to X tons. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, the global exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal bath exports soared to $X in 2021. In general, exports, however, showed a perceptible decrease. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons), Portugal (X tons) and Spain (X tons), together finishing at 75% of total export. It was distantly followed by Russia (X tons) and the United States (X tons), together making up a 10% share of total exports. Italy (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of -1.6%), while shipments for the other global leaders experienced a decline in the exports figures.

In value terms, Germany ($X), China ($X) and Portugal ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 64% of global exports. Spain, the United States, Russia and Italy lagged somewhat behind, together comprising a further 21%.

Russia, with a CAGR of -0.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

The average metal bath export price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.9%), while the other global leaders experienced more modest paces of growth.

Metal Bath Imports

Imports

In 2021, after three years of decline, there was significant growth in purchases abroad of baths of iron or steel, when their volume increased by 6% to X tons. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 8.2%. Global imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal bath imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible slump. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons), distantly followed by the UK (X tons), the United States (X tons), France (X tons) and Chile (X tons) were the major importers of baths of iron or steel, together comprising 44% of total imports. The following importers - Switzerland (X tons), Spain (X tons), Canada (X tons), India (X tons), the Netherlands (X tons), Kazakhstan (X tons), China (X tons) and Germany (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +14.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, together comprising 31% of global imports. India, Switzerland, France, Chile, Canada, China, the Netherlands, Spain, Kazakhstan and Germany lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, India, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal bath import price amounted to $X per ton, jumping by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :