Report Update Apr 17, 2024

World - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Hot-Rolled Bars In Bearing Steels

Market Size for Hot-Rolled Bars In Bearing Steels

In 2023, the global hot-rolled bearing steel bar market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2022, and then declined modestly in the following year.

Production of Hot-Rolled Bars In Bearing Steels

In value terms, hot-rolled bearing steel bar production expanded to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

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Exports of Hot-Rolled Bars In Bearing Steels

Exports

Global hot-rolled bearing steel bar exports dropped to X tons in 2023, falling by X% on the year before. In general, exports saw a pronounced downturn. The growth pace was the most rapid in 2014 when exports increased by X%. The global exports peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports reduced dramatically to $X in 2023. Overall, exports showed a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) represented the major exporter of hot-rolled bars in bearing steels, creating X% of total exports. It was distantly followed by Japan (X tons), Russia (X tons), Italy (X tons) and South Korea (X tons), together comprising a X% share of total exports. Germany (X tons), Belgium (X tons), Canada (X tons), Turkey (X tons), Spain (X tons), the Czech Republic (X tons), Chile (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to hot-rolled bearing steel bar exports from China stood at X%. At the same time, Chile (X%), Poland (X%), Italy (X%), Turkey (X%), Belgium (X%), South Korea (X%), Russia (X%) and Spain (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Japan (X%), Germany (X%), the Czech Republic (X%) and Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Italy, Russia, South Korea, Chile, Belgium, Turkey, Poland and Japan increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hot-rolled bearing steel bar supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with an X% share of global exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Italy (X% per year).

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports

In 2023, approx. X tons of hot-rolled bars in bearing steels were imported worldwide; reducing by X% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, global imports reached the peak figure at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports contracted to $X in 2023. Overall, total imports indicated mild growth from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

The countries with the highest levels of hot-rolled bearing steel bar imports in 2023 were Germany (X tons), Mexico (X tons), South Korea (X tons), Thailand (X tons), Indonesia (X tons), Italy (X tons), Peru (X tons), France (X tons), the United States (X tons), Taiwan (Chinese) (X tons), Belgium (X tons) and Turkey (X tons), together resulting at X% of total import. China (X tons) took a minor share of total imports.

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

In value terms, the largest hot-rolled bearing steel bar importing markets worldwide were Germany ($X), Mexico ($X) and Indonesia ($X), with a combined X% share of global imports. France, Italy, the United States, Thailand, South Korea, China, Belgium, Taiwan (Chinese), Peru and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Peru, with a CAGR of X%, 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 2023, the average hot-rolled bearing steel bar import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2022, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the global market for hot-rolled bearing steel bar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106630 - Hot-rolled bars in bearing steels

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023