In 2023, Italy dominated the European import of hot-rolled bars in free-cutting steels with a 46.09% share by volume, despite a 4.99% decrease. Germany, holding 21.61%, and the UK, with 7.04%, also experienced declines of 6.25% and 7.07%, respectively. Spain saw a smaller dip of 2.75%, while France dropped significantly by 11.17%. Notably, Denmark and Cyprus saw substantial increases, marking year-on-year growths of 140.47% and 48.32%, respectively. Over the last five years, CAGR indicates a moderate declining trend for key importers, except for certain smaller markets demonstrating growth.
Future trends to watch:
- Potential recovery in countries that faced significant declines, such as France and Poland.
- Continued growth in smaller economies like Cyprus, supported by favorable trading conditions.
- Economic policies affecting steel import tariffs and trade agreements within the EU and with other global markets.
- The impact of environmental regulations on the steel industry and potential shifts towards sustainable sourcing.
Top countries in Import of Hot-Rolled Bars in Free-Cutting Steels Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 46.09 | 2023 | +5.28% | -4.99% | View data |
| 2 | 2 Germany | 21.61 | 2023 | -2.79% | -6.25% | View data |
| 3 | 3 United Kingdom | 7.04 | 2023 | -0.82% | -7.07% | View data |
| 4 | 4 Spain | 5.26 | 2023 | +6.44% | -2.75% | View data |
| 5 | 5 Poland | 4.73 | 2023 | -1.25% | -6.73% | View data |
| 6 | 6 France | 3.41 | 2023 | -7.85% | -11.17% | View data |
| 7 | 7 Czechia | 3.03 | 2023 | |||
| 8 | 8 Belgium | 1.48 | 2023 | +23.24% | -4.56% | View data |
| 9 | 9 Finland | 1.19 | 2023 | +41.91% | +0.59% | View data |
| 10 | 10 Cyprus | 1.04 | 2023 | +6.62% | +48.32% | View data |
