In 2023, Germany led the European export market of silico-manganese steel bars and rods, hot-rolled, in irregularly wound coils, with a share of 61.09%. Italy followed with 25.66%, and Czechia at 7.84%. Smaller contributors included Austria (1.14%), Spain (0.49%), and others. Germany's share increased by 3.74%, while Italy saw a significant rise of 22.06% year-on-year. Netherlands and the UK experienced declines, with the Netherlands falling by 27.25% and the UK by 40.61%.
Future trends to watch include a shift in market dynamics influenced by economic and geopolitical changes, innovation, and sustainability practices in the steel industry. Additionally, varying growth rates suggest potential opportunities and challenges for smaller exporters aiming to increase their market presence.
Top countries in Export of Bars and Rods of Silico-Manganese Steel, Hot-Rolled, in Irregularly Wound Coils Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61.09 | 2023 | +11.24% | +3.74% | View data |
| 2 | 2 Italy | 25.66 | 2023 | +106.97% | +22.06% | View data |
| 3 | 3 Czechia | 7.84 | 2023 | |||
| 4 | 4 Austria | 1.14 | 2023 | +19.01% | +4.29% | View data |
| 5 | 5 Spain | 0.49 | 2023 | -9.45% | +26.97% | View data |
| 6 | 6 Netherlands | 0.07 | 2023 | -81.09% | -27.25% | View data |
| 7 | 7 Greece | 0.015 | 2023 | +35.99% | +10.18% | View data |
| 8 | 8 United Kingdom | 0.008 | 2023 | -56.84% | -40.61% | View data |
| 9 | 9 Finland | 0 | 2021 | +455.38% | View data | |
| 10 | 10 Ireland | 0 | 2023 | +5.88% | -29.03% | View data |
