CIS: Market for Hot-Rolled Bars Of High Speed Steel 2024

Market Size for Hot-Rolled Bars Of High Speed Steel in CIS

The CIS market for hot-rolled bars of high speed steel expanded significantly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of High Speed Steel in CIS

In value terms, hot-rolled high speed steel bar production reached $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in CIS

In 2023, overseas shipments of hot-rolled bars of high speed steel were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a deep downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a deep reduction. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Belarus (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to hot-rolled high speed steel bar exports from Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest hot-rolled high speed steel bar supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia totaled X%.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. 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 high speed steel bar export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in CIS

After three years of decline, supplies from abroad of hot-rolled bars of high speed steel increased by X% to X tons in 2023. Overall, imports, however, saw a abrupt setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports surged to $X in 2023. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia was the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Belarus (X tons), committing an X% share of total imports.

Russia was also the fastest-growing in terms of the hot-rolled bars of high speed steel imports, with a CAGR of X% from 2012 to 2023. Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported hot-rolled bars of high speed steel in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with an X% share of total imports.

In Russia, hot-rolled high speed steel bar imports decreased by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated a moderate expansion 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 high speed steel bar import price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform