In 2023, Germany continued as the leading European exporter of hot-rolled bars in tool steels, with exports totaling 58.645 million kilograms, showing a slight increase of 0.33% compared to the previous year. Sweden and Slovenia followed, although Sweden experienced a significant decrease of 6.81% year-on-year. Austria and Belgium also faced declines, with Belgium's exports dropping by 12.85%. On a positive note, Italy saw a notable increase of 9.82%, while Spain's exports grew by 1.73%. Among smaller economies, Bulgaria's exports surged by 17.15%, highlighting an emerging presence in the sector.
Looking into future trends, the market may witness a shift in export leadership as countries like Italy and Spain show increasing growth. The expansion of Bulgaria's export capacity might also present new competitive dynamics. Watch for potential trade policy changes, innovation in production technologies, and economic factors influencing the broader steel market that could impact these trends.
Top countries in Export of Hot-Rolled Bars in Tool Steels by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 58,645,000 | 2023 | +14.42% | +0.33% | View data |
| 2 | 2 Sweden | 28,899,000 | 2023 | -8.35% | -6.81% | View data |
| 3 | 3 Slovenia | 17,004,000 | 2023 | +0.44% | -0.21% | View data |
| 4 | 4 Austria | 10,722,000 | 2023 | +3.05% | -2.62% | View data |
| 5 | 5 Belgium | 9,299,500 | 2023 | +2.43% | -12.85% | View data |
| 6 | 6 Spain | 4,651,400 | 2023 | +15.68% | +1.73% | View data |
| 7 | 7 Czechia | 4,195,700 | 2023 | |||
| 8 | 8 Italy | 3,875,200 | 2023 | -12.46% | +9.82% | View data |
| 9 | 9 Poland | 3,686,800 | 2023 | +2.5% | -5.16% | View data |
| 10 | 10 France | 3,414,000 | 2023 | +7.62% | -2.29% | View data |
