The global export of hot rolled bar and rod of iron or non-alloy steel shows diverse trends among countries. In 2023, Egypt led in exports with a modest annual growth of 3.61%, contrasting with Japan, whose exports decreased by 2.36%. South Korea also saw a slight decrease of 0.57%. Notably, the United States experienced significant decline of 10.92%, while Belgium’s exports dropped drastically by 35.67%. Conversely, Oman’s exports surged by 108.87%, and Singapore recorded a substantial increase of 27.67%. Over the past five years, the industry has exhibited varying compound annual growth rates (CAGR) across countries.
Looking forward, the global market for hot rolled bar and rod exports will likely be influenced by factors such as geopolitical dynamics, advancements in manufacturing technologies, and sustainability efforts. Nations with proactive trade policies and innovation in steel production may leverage these to enhance their market position. However, global economic uncertainties may continue to pose risks to stable growth.
Top countries in Export of Hot Rolled Bar and Rod of Iron or Non-Alloy Steel, Coiled, of a Width of 14 mm and More, Containing by Weight 0.25% or Less of Carbon by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 155,700,000 | 2023 | +6.47% | +3.61% | View data |
| 2 | 2 Japan | 155,050,000 | 2023 | -0.55% | -2.36% | View data |
| 3 | 3 South Korea | 57,827,000 | 2023 | +0.79% | -0.57% | View data |
| 4 | 4 Czech Republic | 52,243,000 | 2023 | -0.77% | -3.45% | View data |
| 5 | 5 Spain | 41,540,000 | 2023 | +1.75% | -1.04% | View data |
| 6 | 6 Germany | 37,632,000 | 2023 | -4.21% | -6% | View data |
| 7 | 7 Austria | 32,314,000 | 2023 | -0.17% | -1.77% | View data |
| 8 | 8 Italy | 32,098,000 | 2023 | -0.075% | -1.51% | View data |
| 9 | 9 Canada | 26,902,000 | 2023 | -1.96% | -5.31% | View data |
| 10 | 10 Russia | 22,278,000 | 2023 | +2.05% | -1.89% | View data |
