U.S. - 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 the United States - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in the United States (FOB) - 2022
- Price for Hot-Rolled Bearing Steel Bar in the United States (CIF) - 2023
- Exports of Hot-Rolled Bearing Steel Bar in the United States
- Imports of Hot-Rolled Bearing Steel Bar in the United States
Price for Hot-Rolled Bearing Steel Bar in the United States (FOB) - 2022
The average hot-rolled bearing steel bar export price stood at $6,017 per ton in 2022, which is down by -9.2% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 235%. The export price peaked at $6,627 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($10,018 per ton), while the average price for exports to Mexico ($5,814 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 China (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in the United States (CIF) - 2023
The average hot-rolled bearing steel bar import price stood at $1,521 per ton in September 2023, falling by -5.7% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 19% against the previous month. As a result, import price reached the peak level of $1,688 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2,609 per ton), while the price for Mexico ($1,037 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Bearing Steel Bar in the United States
In 2022, the amount of hot-rolled bars in bearing steels exported from the United States skyrocketed to 66K tons, jumping by 39% on 2021. Overall, exports, however, recorded a sharp setback.
In value terms, hot-rolled bearing steel bar exports surged to $400M in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Bearing Steel Bar in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 167 | 92.8 | 161 | 207 | 7.4% |
| Canada | 85.9 | 74.2 | 142 | 170 | 25.6% |
| Others | 24.9 | 16.1 | 13.3 | 22.8 | -2.9% |
| Total | 278 | 183 | 316 | 400 | 12.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from the United States in 2022:
- Mexico (35.6K tons)
- Canada (27.9K tons)
Imports of Hot-Rolled Bearing Steel Bar in the United States
Hot-rolled bearing steel bar imports into the United States soared to 265K tons in 2022, jumping by 26% on the year before. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled bearing steel bar imports soared to $396M in 2022. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Bearing Steel Bar in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 92.2 | 83.1 | 144 | 152 | 18.1% |
| South Korea | 31.2 | 15.5 | 20.1 | 48.5 | 15.8% |
| Japan | 18.5 | 13.8 | 21.0 | 36.3 | 25.2% |
| Mexico | 6.5 | 2.4 | 7.5 | 32.0 | 70.1% |
| Turkey | 5.8 | 3.1 | 4.6 | 26.5 | 65.9% |
| Brazil | 6.2 | 4.5 | 7.8 | 16.6 | 38.9% |
| Czech Republic | 13.9 | 3.5 | 8.3 | 13.7 | -0.5% |
| Spain | 14.9 | 1.7 | 1.5 | 11.6 | -8.0% |
| China | 52.3 | 11.0 | 9.4 | 10.0 | -42.4% |
| United Kingdom | 9.6 | 4.4 | 6.2 | 5.3 | -18.0% |
| Germany | 9.2 | 6.7 | 2.4 | 4.4 | -21.8% |
| Others | 28.7 | 15.3 | 17.8 | 38.6 | 10.4% |
| Total | 289 | 165 | 251 | 396 | 11.1% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to the United States in 2022:
- Canada (123.4K tons)
- Japan (25.8K tons)
- South Korea (25.8K tons)
- Mexico (24.5K tons)
- Turkey (14.2K tons)
- Brazil (11.5K tons)
- Czech Republic (8.8K tons)
- China (5.9K tons)
- Spain (5.3K tons)
- United Kingdom (2.9K tons)
- Germany (1.8K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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