In 2023, Italy leads European imports of hot-rolled bars in free-cutting steels, followed by Germany and the United Kingdom. A notable trend in the year-on-year variation shows declines across many major importing countries, particularly in France and Germany. Smaller markets like Cyprus and Denmark saw significant growth, indicating potential shifts in regional demand. Over the last five years, the compound annual growth rate (CAGR) varies significantly across countries, reflecting diverse economic and industrial activities.
Future trends to watch include:
- Impact of industrial policy changes in major European economies on steel demand.
- Potential supply chain disruptions affecting import volumes.
- Emerging markets within Europe showing increased consumption patterns.
- Technological advancements and shifts towards sustainable steel production influencing imports.
Top countries in Import of Hot-Rolled Bars in Free-Cutting Steels by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 70,526,000 | 2023 | +5.28% | -4.99% | View data |
| 2 | 2 Germany | 33,068,000 | 2023 | -2.79% | -6.25% | View data |
| 3 | 3 United Kingdom | 10,778,000 | 2023 | -0.82% | -7.07% | View data |
| 4 | 4 Spain | 8,043,700 | 2023 | +6.44% | -2.75% | View data |
| 5 | 5 Poland | 7,236,900 | 2023 | -1.25% | -6.73% | View data |
| 6 | 6 France | 5,212,300 | 2023 | -7.85% | -11.17% | View data |
| 7 | 7 Czechia | 4,631,800 | 2023 | |||
| 8 | 8 Belgium | 2,265,300 | 2023 | +23.24% | -4.56% | View data |
| 9 | 9 Finland | 1,825,300 | 2023 | +41.91% | +0.59% | View data |
| 10 | 10 Cyprus | 1,594,100 | 2023 | +6.62% | +48.32% | View data |
