Italy - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHot-Rolled Free-Cutting Steel Price in Italy - 2023
Contents:
- Hot-Rolled Free-Cutting Steel Price in Italy (CIF) - 2023
- Hot-Rolled Free-Cutting Steel Price in Italy (FOB) - 2022
- Hot-Rolled Free-Cutting Steel Imports in Italy
- Hot-Rolled Free-Cutting Steel Exports in Italy
Hot-Rolled Free-Cutting Steel Price in Italy (CIF) - 2023
In June 2023, the average hot-rolled free-cutting steel import price amounted to $1,087 per ton, which is down by -5.2% against the previous month. Overall, the import price saw a mild decline. The pace of growth appeared the most rapid in August 2022 an increase of 19% month-to-month. As a result, import price attained the peak level of $1,493 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($1,149 per ton), while the price for Switzerland ($1,017 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (-1.3%), while the prices for the other major suppliers experienced a decline.
Hot-Rolled Free-Cutting Steel Price in Italy (FOB) - 2022
The average hot-rolled free-cutting steel export price stood at $1,242 per ton in 2022, growing by 30% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled free-cutting steel export price increased by +96.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 51%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($1,004 per ton) and Germany ($899 per ton), while the average price for exports to the Czech Republic ($675 per ton) and the UK ($805 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 Germany (-0.8%), while the prices for the other major destinations experienced a decline.
Hot-Rolled Free-Cutting Steel Imports in Italy
In 2022, approx. 82K tons of hot-rolled bars in free-cutting steels were imported into Italy; waning by -2.8% against 2021 figures. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of 84K tons, and then fell slightly in the following year.
In value terms, hot-rolled free-cutting steel imports soared to $103M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 125% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Hot-Rolled Free-Cutting Steel in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 12.4 | 10.4 | 32.7 | 22.7 | 22.3% |
Switzerland | 19.4 | 14.4 | 30.6 | 21.3 | 3.2% |
France | 7.4 | 5.9 | 13.0 | 9.0 | 6.7% |
United Kingdom | 6.8 | 3.4 | 0.3 | 2.4 | -29.3% |
Others | 1.0 | 0.6 | 1.5 | 47.2 | 261.4% |
Total | 47.1 | 34.6 | 78.1 | 103 | 29.8% |
Top Suppliers of Hot-Rolled Free-Cutting Steel to Italy in 2022:
- Germany (26.1K tons)
- Switzerland (25.0K tons)
- France (12.6K tons)
- United Kingdom (3.7K tons)
Hot-Rolled Free-Cutting Steel Exports in Italy
In 2022, exports of hot-rolled bars in free-cutting steels from Italy skyrocketed to 11K tons, jumping by 16% compared with the previous year. In general, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 128%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, hot-rolled free-cutting steel exports soared to $14M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 246% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Export of Hot-Rolled Free-Cutting Steel in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,139 | 605 | 3,617 | 2,393 | 28.1% |
Spain | 663 | 654 | 1,957 | 1,294 | 25.0% |
Turkey | 591 | 820 | 1,183 | 783 | 9.8% |
United Kingdom | 272 | 229 | 568 | 375 | 11.3% |
Romania | 6.9 | 53.4 | 501 | 331 | 263.4% |
Czech Republic | 523 | 16.7 | 168 | 163 | -32.2% |
Austria | 17.2 | 3.6 | 241 | 159 | 109.9% |
Poland | 277 | 23.9 | 60.0 | 83.3 | -33.0% |
Others | 381 | 197 | 707 | 7,941 | 175.2% |
Total | 3,869 | 2,603 | 9,002 | 13,523 | 51.8% |
Top Export Markets for Hot-Rolled Free-Cutting Steel from Italy in 2022:
- Germany (2.7K tons)
- Spain (1.6K tons)
- Turkey (1.0K tons)
- United Kingdom (0.5K tons)
- Romania (0.4K tons)
- Czech Republic (0.2K tons)
- Austria (0.2K tons)
- Poland (0.1K tons)
This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Italy. 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 24106230 - Hot-rolled bars in free-cutting steels
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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