In 2023, France led European imports of hot-rolled bars of silico-manganese steel, representing over 38% of total imports. Spain and the UK followed, although both experienced year-on-year declines of approximately 5.92% and 15.43%, respectively. On the contrary, Germany saw a modest increase, and noteworthy surges were seen in Lithuania and Slovakia at 12.28% and 8.36%. Italy and Ireland were significant outliers with substantial increases of 30.68% and 60.2% respectively. Conversely, Sweden faced the most pronounced decline at 39%. The last five years show fluctuating import trends with variable compound annual growth rates across different countries.
Future trends to watch include:
- A potential recovery in countries with previous declines as market adjustments occur post-2024.
- Continuing growth in Ireland and Italy, driven by industrial demands and regional economic factors.
- Integration of sustainable practices impacting demand and sourcing strategies within the industry.
Top countries in Import of Hot-Rolled Bars of Silico-Manganese Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 38.06 | 2023 | +15.34% | +18.54% | View data |
| 2 | 2 Spain | 20.23 | 2023 | +3.56% | -5.92% | View data |
| 3 | 3 United Kingdom | 9.72 | 2023 | -10.83% | -15.43% | View data |
| 4 | 4 Germany | 7.88 | 2023 | +19.53% | +4.61% | View data |
| 5 | 5 Poland | 6.39 | 2023 | +1.15% | -11.82% | View data |
| 6 | 6 Lithuania | 3.29 | 2023 | +1.67% | +12.28% | View data |
| 7 | 7 Slovakia | 2.42 | 2023 | +5.08% | +8.36% | View data |
| 8 | 8 Austria | 1.97 | 2023 | +7.74% | -6.75% | View data |
| 9 | 9 Czechia | 1.64 | 2023 | |||
| 10 | 10 Greece | 1.47 | 2023 | -0.62% | -1.79% | View data |
