Overview of the Global Market for Hot-Rolled Round Bars Of Stainless Steel

Market Size for Hot-Rolled Round Bars Of Stainless Steel

The global hot-rolled round stainless steel market dropped modestly to $X in 2023, almost unchanged from the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2023: its value 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, consumption decreased by X% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Hot-Rolled Round Bars Of Stainless Steel

In value terms, hot-rolled round stainless steel production stood at $X in 2023 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports

In 2023, after two years of growth, there was decline in shipments abroad of hot-rolled round bars of stainless steel, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, hot-rolled round stainless steel exports contracted to $X in 2023. Over the period under review, total exports indicated a perceptible expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), India (X tons) and China (X tons), together accounting for X% of total export. It was distantly followed by Spain (X tons), France (X tons) and Italy (X tons), together achieving a X% share of total exports. South Korea (X tons), Sweden (X tons), Japan (X tons), the UK (X tons), the United States (X tons), Belgium (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), India ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. China, Italy, Spain, the United States, the UK, Sweden, Japan, South Korea, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, waning by X% against the previous year. Overall, export price indicated a mild increase 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

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

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

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports

In 2023, global hot-rolled round stainless steel imports contracted to X tons, falling by X% against 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of global imports failed to regain momentum.

In value terms, hot-rolled round stainless steel imports dropped to $X in 2023. In general, total imports indicated pronounced 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 pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X tons) and Italy (X tons) represented the key importers of hot-rolled round bars of stainless steel in 2023, reaching approx. X% and X% of total imports, respectively. Canada (X tons), the United States (X tons), Indonesia (X tons), France (X tons), China (X tons), the Netherlands (X tons), Denmark (X tons), South Korea (X tons), Vietnam (X tons), the UK (X tons) and Brazil (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of global imports. The United States, Canada, France, Denmark, the Netherlands, the UK, South Korea, Brazil, Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average hot-rolled round stainless steel import price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Overall, import price indicated a noticeable increase 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($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 other global leaders experienced more modest paces of growth.

Source: IndexBox Platform