Serbia - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Serbia - 2024
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Serbia (CIF) - 2024
- Price for Hot-Rolled Bearing Steel Bar in Serbia (FOB) - 2022
- Imports of Hot-Rolled Bearing Steel Bar in Serbia
- Exports of Hot-Rolled Bearing Steel Bar in Serbia
Price for Hot-Rolled Bearing Steel Bar in Serbia (CIF) - 2024
The average hot-rolled bearing steel bar import price stood at $1,252 per ton in August 2023, reducing by -14.3% against the previous month. In general, the import price saw a perceptible descent. The pace of growth was the most pronounced in February 2023 an increase of 7% against the previous month. As a result, import price attained the peak level of $1,631 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($3,351 per ton), while the price for Albania ($632 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Serbia (FOB) - 2022
In 2022, the average hot-rolled bearing steel bar export price amounted to $1,037 per ton, with a decrease of -21.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 100% against the previous year. The export price peaked at $1,619 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($2,160 per ton), while the average price for exports to Montenegro ($866 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Bearing Steel Bar in Serbia
In 2022, the amount of hot-rolled bars in bearing steels imported into Serbia was estimated at 27K tons, growing by 6.6% on 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled bearing steel bar imports expanded slightly to $26M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Hot-Rolled Bearing Steel Bar in Serbia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 0.8 | 1.3 | 11.5 | 11.3 | 141.7% |
Bulgaria | 3.4 | 3.3 | 3.9 | 5.8 | 19.5% |
Poland | 4.1 | 3.0 | 3.0 | 2.2 | -18.7% |
Slovenia | 0.9 | 1.1 | 1.9 | 1.5 | 18.6% |
China | 0.1 | N/A | 0.2 | 1.5 | 146.6% |
Italy | 1.0 | 0.9 | 1.1 | 1.3 | 9.1% |
Romania | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
Czech Republic | 0.5 | 0.6 | 1.0 | 0.4 | -7.2% |
Others | 1.4 | 0.8 | 1.3 | 1.1 | -7.7% |
Total | 12.9 | 11.5 | 24.4 | 25.6 | 25.7% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Serbia in 2022:
- Turkey (15.7K tons)
- Bulgaria (4.9K tons)
- Poland (1.9K tons)
- China (1.3K tons)
- Italy (1.0K tons)
- Slovenia (0.6K tons)
- Romania (0.3K tons)
- Czech Republic (0.3K tons)
Exports of Hot-Rolled Bearing Steel Bar in Serbia
For the fourth consecutive year, Serbia recorded growth in shipments abroad of hot-rolled bars in bearing steels, which increased by 509% to 685 tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled bearing steel bar exports soared to $710K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Hot-Rolled Bearing Steel Bar in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 39.1 | 19.8 | 25.7 | 343 | 106.2% |
Bulgaria | 25.7 | 22.9 | 25.0 | 185 | 93.1% |
Bosnia and Herzegovina | 17.2 | 18.7 | 47.1 | 135 | 98.7% |
North Macedonia | 32.4 | 31.6 | 5.8 | 33.7 | 1.3% |
Hungary | N/A | 16.4 | 18.9 | N/A | 15.2% |
Others | 11.7 | 6.2 | 26.2 | 12.8 | 3.0% |
Total | 126 | 116 | 149 | 710 | 77.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Serbia in 2022:
- Montenegro (396.0 tons)
- Bosnia and Herzegovina (135.9 tons)
- Bulgaria (130.0 tons)
- North Macedonia (15.6 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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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