Italy - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Italy - 2023
Contents:
- Price for Forged Stainless Steel Bar in Italy (FOB) - 2023
- Price for Forged Stainless Steel Bar in Italy (CIF) - 2023
- Exports of Forged Stainless Steel Bar in Italy
- Imports of Forged Stainless Steel Bar in Italy
Price for Forged Stainless Steel Bar in Italy (FOB) - 2023
The average forged stainless steel bar export price stood at $8,991 per ton in July 2023, increasing by 9.2% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in May 2023 an increase of 26% month-to-month. As a result, the export price attained the peak level of $9,537 per ton. From June 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Mexico ($16,164 per ton), while the average price for exports to Switzerland ($5,980 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Forged Stainless Steel Bar in Italy (CIF) - 2023
In July 2023, the average forged stainless steel bar import price amounted to $7,663 per ton, with an increase of 43% against the previous month. Over the period under review, import price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, forged stainless steel bar import price increased by +43.3% against June 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 114% m-o-m. As a result, import price reached the peak level of $10,949 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Czech Republic ($35,672 per ton), while the price for India ($4,595 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Forged Stainless Steel Bar in Italy
In 2022, approx. 21K tons of forged bars of stainless steel were exported from Italy; surging by 10% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, forged stainless steel bar exports surged to $157M in 2022. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Forged Stainless Steel Bar in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.6 | 19.9 | 35.7 | 53.3 | 26.1% |
| France | 25.2 | 14.6 | 25.8 | 38.5 | 15.2% |
| Spain | 13.4 | 12.1 | 15.9 | 23.7 | 20.9% |
| United States | 4.3 | 7.4 | 2.8 | 7.2 | 18.7% |
| United Kingdom | 4.0 | 1.8 | 2.1 | 3.9 | -0.8% |
| Austria | 0.6 | 0.7 | 2.4 | 3.6 | 81.7% |
| Ukraine | 2.5 | 1.9 | 1.9 | 3.1 | 7.4% |
| Romania | 1.9 | 2.0 | 1.5 | 2.7 | 12.4% |
| Mexico | 1.4 | 0.6 | 1.8 | 2.7 | 24.5% |
| Others | 11.3 | 11.1 | 11.7 | 18.5 | 17.9% |
| Total | 91.3 | 72.2 | 102 | 157 | 19.8% |
Top Export Markets for Forged Stainless Steel Bar from Italy in 2022:
- Germany (7.6K tons)
- France (5.1K tons)
- Spain (3.5K tons)
- United States (0.8K tons)
- Romania (0.4K tons)
- Mexico (0.4K tons)
- United Kingdom (0.4K tons)
- Ukraine (0.3K tons)
- Austria (0.3K tons)
Imports of Forged Stainless Steel Bar in Italy
In 2022, overseas purchases of forged bars of stainless steel were finally on the rise to reach 7.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt contraction.
In value terms, forged stainless steel bar imports surged to $49M in 2022. In general, imports, however, showed a noticeable shrinkage.
| Import of Forged Stainless Steel Bar in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 27.1 | 13.2 | 3.1 | 16.7 | -14.9% |
| Denmark | 0.1 | 0.7 | 8.0 | 7.1 | 314.1% |
| Germany | 7.9 | 5.3 | 5.4 | 6.7 | -5.3% |
| Austria | 4.4 | 4.3 | 2.5 | 4.1 | -2.3% |
| Sweden | 4.9 | 2.7 | 4.0 | 4.1 | -5.8% |
| Czech Republic | 0.8 | 0.6 | 2.3 | 2.0 | 35.7% |
| Slovenia | 0.8 | 0.7 | 1.3 | 1.1 | 11.2% |
| Others | 6.1 | 7.3 | 5.3 | 6.7 | 3.2% |
| Total | 52.0 | 34.8 | 31.8 | 48.7 | -2.2% |
Top Suppliers of Forged Stainless Steel Bar to Italy in 2022:
- Spain (3365.2 tons)
- Germany (948.1 tons)
- Denmark (830.4 tons)
- Austria (591.4 tons)
- Sweden (578.4 tons)
- Slovenia (282.9 tons)
- Czech Republic (206.9 tons)
This report provides an in-depth analysis of the market for forged stainless steel bar 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 24106450 - Forged bars, of stainless steel
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
-
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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