Austria: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Austria

In 2023, the Austrian forged stainless steel bar market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Production of Forged Bars Of Stainless Steel in Austria

In value terms, forged stainless steel bar production soared to $X in 2023 estimated in export price. In general, production posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Exports of Forged Bars Of Stainless Steel

Exports from Austria

For the fifth consecutive year, Austria recorded decline in shipments abroad of forged bars of stainless steel, which decreased by X% to X tons in 2023. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, forged stainless steel bar exports rose markedly to $X in 2023. Over the period under review, exports saw a slight descent. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main destinations of forged stainless steel bar exports from Austria, with a combined X% share of total exports. Switzerland, Hungary, France, Slovenia, the Czech Republic, Croatia, the United States and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for forged stainless steel bar exported from Austria were Germany ($X), Italy ($X) and the UK ($X), with a combined X% share of total exports. Switzerland, France, Hungary, Slovenia, the Czech Republic, Croatia, the United States and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average forged stainless steel bar export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted resilient growth. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forged Bars Of Stainless Steel

Imports into Austria

After two years of decline, purchases abroad of forged bars of stainless steel increased by X% to X tons in 2023. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, forged stainless steel bar imports shrank modestly to $X in 2023. In general, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest forged stainless steel bar supplier to Austria, with a X% share of total imports. Moreover, forged stainless steel bar imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), eightfold. Slovenia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Slovenia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of forged bars of stainless steel to Austria, comprising X% of total imports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Italy (X% per year).

Import Prices by Country

The average forged stainless steel bar import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform