Forged steel bar trade by country: top importers, exporters and prices
World trade in forged steel bar was worth $1.78 billion in 2024, about 2.54 million tonnes. That is an increase of 340% since 2017, and down 15% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.78B | 2.54M t |
| 2023 | $2.10B | 3.09M t |
| 2022 | $1.87B | 2.32M t |
| 2021 | $599.5M | 611.4K t |
| 2020 | $467.2M | 699.3K t |
| 2019 | $588.3M | 879.1K t |
| 2018 | $491.5M | 562.3K t |
| 2017 | $404.4M | 519.0K t |
Top forged steel bar exporting countries
Exports are led by Malaysia (70%), China (8%) and Saudi Arabia (7%). 106 countries reported exports, and the top three account for 85%.
| Exporter | Value | Share |
|---|---|---|
| Malaysia | $1.24B | 70% |
| China | $145.9M | 8.2% |
| Saudi Arabia | $118.5M | 6.7% |
| Vietnam | $58.1M | 3.3% |
| United States | $33.6M | 1.9% |
| Germany | $18.8M | 1.1% |
| Austria | $15.1M | 0.9% |
| India | $13.0M | 0.7% |
| Belgium | $9.5M | 0.5% |
| Poland | $9.4M | 0.5% |
| Czech Republic | $9.0M | 0.5% |
| Dominican Republic | $8.6M | 0.5% |
Top importing countries and buyer markets
Hong Kong is the biggest buyer with 41% of world imports, ahead of Singapore and Iraq. Demand is concentrated: the top three take 77% across 200 importing countries.
| Importer | Value | Share |
|---|---|---|
| Hong Kong | $725.9M | 41% |
| Singapore | $550.1M | 31% |
| Iraq | $87.4M | 4.9% |
| Cambodia | $65.1M | 3.7% |
| Germany | $39.5M | 2.2% |
| Dominican Republic | $22.1M | 1.2% |
| Netherlands | $14.9M | 0.8% |
| South Korea | $14.7M | 0.8% |
| Hungary | $14.0M | 0.8% |
| Belgium | $13.9M | 0.8% |
| Italy | $11.3M | 0.6% |
| Spain | $10.3M | 0.6% |
Average price per kg
The world average declared value was about $0.70 per kg in 2024. Among the main exporters, Germany averaged $1.61 per kg and Vietnam $0.55 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Forged steel bar (HS 7214.10) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7214.10: Iron or non-alloy steel: bars and rods, forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling. HS 7214 codes.
Common questions
Which countries export the most forged steel bar?
Malaysia exported $1.24 billion in 2024, 70% of the world total, followed by China (8%) and Saudi Arabia (7%). In all, 106 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most forged steel bar?
Hong Kong imported $725.9 million in 2024, 41% of world imports, ahead of Singapore (31%) and Iraq (5%). The top three importers together take 77%. Each country with its own page is linked from the table.
How big is the world trade in forged steel bar?
It was worth $1.78 billion in 2024, about 2.54 million tonnes. That is an increase of 340% since 2017. The peak year was 2023 at $2.10 billion. 106 countries reported exports and 200 reported imports.
What is the average price of forged steel bar per kg?
The world average declared value was about $0.70 per kg in 2024. Among the main exporters, Germany averaged $1.61 per kg and Vietnam $0.55 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for forged steel bar?
The HS code for forged steel bar is subheading 7214.10, in chapter 72 (iron and steel). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7214 page.
How can I find forged steel bar buyers and suppliers?
EximDataX shows the importers and exporters of forged steel bar by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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