Report Update: May 1, 2024

United Kingdom - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Forged Stainless Steel Bar in the UK - 2023

Price for Forged Stainless Steel Bar in the UK (CIF) - 2023

In June 2023, the average forged stainless steel bar import price amounted to $8,393 per ton, stabilizing at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 20% month-to-month. Over the period under review, average import prices reached the maximum at $8,492 per ton in May 2023, and then shrank modestly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($43,680 per ton), while the price for China ($3,860 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 the United States (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Forged Stainless Steel Bar in the UK (FOB) - 2022

In 2022, the average forged stainless steel bar export price amounted to $7,407 per ton, growing by 5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 34%. As a result, the export price reached the peak level of $8,787 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($10,600 per ton), while the average price for exports to Singapore ($4,738 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 Norway (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forged Stainless Steel Bar in the UK

Forged stainless steel bar imports into the UK skyrocketed to 5.9K tons in 2022, picking up by 23% against 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, forged stainless steel bar imports surged to $37M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Forged Stainless Steel Bar in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	5.4	6.9	9.8	12.5	32.3%
Spain	6.4	3.9	3.4	5.7	-3.8%
Sweden	3.4	3.0	3.5	4.5	9.8%
Norway	3.6	2.6	2.4	3.6	0.0%
Italy	2.6	2.0	1.7	2.7	1.3%
United States	2.4	2.0	1.7	2.5	1.4%
India	0.5	0.2	1.2	1.5	44.2%
Austria	1.2	1.1	0.6	1.2	0.0%
China	0.2	0.1	0.4	0.5	35.7%
Others	1.4	1.9	1.7	2.7	24.5%
Total	27.0	23.5	26.3	37.3	11.4%

Top Suppliers of Forged Stainless Steel Bar to the UK in 2022:

Germany (1703.7 tons)
Spain (1328.7 tons)
Sweden (931.9 tons)
Norway (497.1 tons)
Italy (268.4 tons)
India (267.2 tons)
China (232.6 tons)
United States (166.7 tons)
Austria (101.4 tons)

Exports of Forged Stainless Steel Bar in the UK

In 2022, exports of forged bars of stainless steel from the UK surged to 3.5K tons, growing by 60% against 2021. Over the period under review, exports posted a mild increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, forged stainless steel bar exports soared to $26M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Forged Stainless Steel Bar in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.6	1.7	1.9	3.2	-3.9%
China	0.9	0.5	2.1	2.7	44.2%
Italy	2.8	2.5	0.5	2.5	-3.7%
Netherlands	0.9	1.6	1.8	2.4	38.7%
Germany	1.8	1.3	1.3	1.9	1.8%
France	2.1	0.8	0.5	1.5	-10.6%
India	0.8	0.7	1.0	1.3	17.6%
Singapore	0.9	1.2	0.4	1.1	6.9%
Ireland	0.3	0.7	0.8	1.0	49.4%
Poland	0.9	0.7	0.3	0.8	-3.9%
Belgium	0.8	0.7	0.4	0.8	0.0%
Norway	0.7	0.3	0.5	0.6	-5.0%
Spain	0.6	0.3	0.1	0.4	-12.6%
Others	5.3	4.3	4.0	5.7	2.5%
Total	22.5	17.4	15.7	26.3	5.3%

Top Export Markets for Forged Stainless Steel Bar from the UK in 2022:

United States (524.8 tons)
Netherlands (350.4 tons)
China (342.9 tons)
Germany (241.2 tons)
Italy (238.5 tons)
Singapore (234.3 tons)
France (219.2 tons)
India (196.6 tons)
Belgium (128.2 tons)
Ireland (122.9 tons)
Spain (89.8 tons)
Norway (85.8 tons)
Poland (81.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for forged stainless steel bar in the UK. 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:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023