In 2023, Spain led European exports of hot-drawn or extruded open sections of non-alloy steel, with notable growth of 0.76% year-on-year. Luxembourg and Germany followed, but both experienced minor declines, while the UK saw a sharp decline of 7.69%. Ireland's export growth stood out at 7.58%, while Sweden's exports surged by 12.72%. Conversely, Finland, Croatia, and Slovakia faced significant decreases, indicating potential market volatility. Over the past five years, these nations have shown varied growth, with Spain maintaining a steady upward trend in exports.
Future trends to watch include the impact of evolving trade regulations and sustainability initiatives on production and export strategies. Shifts in global demand, particularly in emerging markets, could also influence export volumes. Additionally, technological innovations in the steel industry may drive efficiencies and competitiveness among European exporters.
Top countries in Export of Hot-Drawn or Extruded Open Sections of Non Alloy Steel (Not Further Worked than Hot Rolled) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,571,800,000 | 2023 | +5.78% | +0.76% | View data |
| 2 | 2 Luxembourg | 1,440,100,000 | 2023 | +2.5% | -0.14% | View data |
| 3 | 3 Germany | 1,414,500,000 | 2023 | -0.2% | -2.28% | View data |
| 4 | 4 Italy | 669,960,000 | 2023 | +4.1% | -0.26% | View data |
| 5 | 5 Poland | 614,990,000 | 2023 | -1.18% | -2.44% | View data |
| 6 | 6 United Kingdom | 207,540,000 | 2023 | -4.51% | -7.69% | View data |
| 7 | 7 Czechia | 196,310,000 | 2023 | |||
| 8 | 8 France | 156,180,000 | 2023 | -0.72% | -2.46% | View data |
| 9 | 9 Romania | 154,590,000 | 2023 | +1.01% | -0.017% | View data |
| 10 | 10 Netherlands | 147,220,000 | 2023 | -0.88% | -2.69% | View data |
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