The global export market for hot rolled iron or non-alloy steel saw varied performance across countries in 2023. South Korea led with the largest market share, showing a slight increase. In contrast, Japan experienced a notable decline. Emerging markets such as India recorded a robust growth rate, while traditional exporters like Germany faced decreases. Networked economies, including France and Italy, managed to maintain positive growth amidst broader European declines. Significant year-on-year growth was seen in smaller markets such as Kuwait and Tanzania, pointing to potential shifts in export dynamics.
Looking ahead, expect increasing competition from Asian markets, potentially driven by India's upward trajectory. The demand could be influenced by infrastructural developments and eco-friendly initiatives. Monitoring protectionist policies and currency fluctuations will be crucial in understanding future trends.
Top countries in Export of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1,714,400,000 | 2023 | +1.86% | +1.85% | View data |
| 2 | 2 Japan | 1,419,400,000 | 2023 | -0.94% | -2.39% | View data |
| 3 | 3 Italy | 822,370,000 | 2023 | +1.53% | +0.84% | View data |
| 4 | 4 Ukraine | 741,320,000 | 2023 | -0.44% | -1.98% | View data |
| 5 | 5 Belgium | 505,310,000 | 2023 | +0.35% | -0.41% | View data |
| 6 | 6 France | 495,400,000 | 2023 | +1.77% | +1.43% | View data |
| 7 | 7 Germany | 435,230,000 | 2023 | -5.08% | -5.7% | View data |
| 8 | 8 Austria | 415,170,000 | 2023 | +0.26% | +0.88% | View data |
| 9 | 9 Netherlands | 354,560,000 | 2023 | +1.65% | +0.06% | View data |
| 10 | 10 United States | 349,560,000 | 2023 | -1.77% | -1.39% | View data |
