The European export of bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils reveals Germany as the largest contributor, with a volume of 221.06 million kilograms in 2024, continuing a modest year-on-year growth of 3.74% in 2023. Italy follows, experiencing a robust growth of 22.06%, reaching 92.846 million kilograms. Czechia, Austria, and Spain contribute smaller volumes, with Spain exhibiting a notable growth of 26.97%. In contrast, the Netherlands, the United Kingdom, and Ireland show declines, with the UK marking a significant decrease of 40.61%. Over the last five years, the compound annual growth rate indicates varying growth, with notable expansions in Southern Europe and contractions in certain Western European countries.
Future trends to watch in the European markets include potential shifts in demand due to changing automotive and construction industries' needs. Additionally, regulatory changes surrounding environmentally sustainable steel production may impact export dynamics, influencing countries to ensure compliance and innovative solutions in manufacturing processes.
Top countries in Export of Bars and Rods of Silico-Manganese Steel, Hot-Rolled, in Irregularly Wound Coils by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 221,060,000 | 2023 | +11.24% | +3.74% | View data |
| 2 | 2 Italy | 92,846,000 | 2023 | +106.97% | +22.06% | View data |
| 3 | 3 Czechia | 28,377,000 | 2023 | |||
| 4 | 4 Austria | 4,125,600 | 2023 | +19.01% | +4.29% | View data |
| 5 | 5 Spain | 1,771,300 | 2023 | -9.45% | +26.97% | View data |
| 6 | 6 Netherlands | 251,780 | 2023 | -81.09% | -27.25% | View data |
| 7 | 7 Greece | 55,030 | 2023 | +35.99% | +10.18% | View data |
| 8 | 8 United Kingdom | 29,090 | 2023 | -56.84% | -40.61% | View data |
| 9 | 9 Finland | 361 | 2021 | +455.38% | View data | |
| 10 | 10 Ireland | 38 | 2023 | +5.88% | -29.03% | View data |
