Germany leads the global export market for flat-rolled products of iron or non-alloy steel less than 600 mm in width, with a significant share of 25.43%, followed by Italy and the United States. European countries dominate the top ten, highlighting the region's strong manufacturing base. In 2023, notable growth was seen in Hungary (4.44%) and Poland (5.56%). However, significant declines were observed in Switzerland and Japan, reflecting shifting market dynamics. Russia and the United Kingdom also experienced substantial decreases in their export shares, likely due to geopolitical and economic factors impacting trade.
Future trends indicate a potential increase in Asian market shares, especially from countries like China, given its continued industrial growth. Meanwhile, exports from emerging markets such as Kyrgyzstan and Peru show substantial year-on-year fluctuations, hinting at volatility but also opportunities for growth. Environmental regulations and technological advancements will shape the future landscape of steel exports, potentially favoring countries with robust green steel initiatives.
Top countries in Export of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Less Than 600 mm Not Clad, Plated or Coated Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.43 | 2023 | +0.69% | +0.11% | View data |
| 2 | 2 Italy | 11.48 | 2023 | +2.15% | +1.28% | View data |
| 3 | 3 United States | 10.72 | 2023 | +1.16% | +0.95% | View data |
| 4 | 4 China | 7.86 | 2023 | +3.28% | +0.8% | View data |
| 5 | 5 Austria | 4.92 | 2023 | -0.66% | -0.64% | View data |
| 6 | 6 Hungary | 4.51 | 2023 | +4.74% | +4.44% | View data |
| 7 | 7 South Korea | 4.18 | 2023 | +1.69% | +2.03% | View data |
| 8 | 8 Slovakia | 3.69 | 2023 | +0.73% | +0.36% | View data |
| 9 | 9 Belgium | 3.56 | 2023 | -0.99% | -2.05% | View data |
| 10 | 10 Spain | 3.55 | 2023 | +2.05% | +0.99% | View data |
