Germany leads the European iron trade balance with a volume of 41.23 million metric tons in 2023. Italy, Poland, and Spain follow, but with significant year-on-year reductions. Belgium and the Netherlands showed substantial negative variations, indicating a declining trend. Newly reported growth is evident in Czech Republic and Croatia, while Sweden registers notable negative growth. Over the past five years, the iron trade has faced fluctuations, with mixed compound annual growth rates across the board, needing strategic decisions to optimize balances.
Future trends to watch include economic factors impacting Germany's dominance, potential recovery in Belgium and the Netherlands, and closer monitoring of emerging positive indicators in Czech Republic and Croatia. Additionally, stakeholders should be cautious about geopolitical or market disruptions affecting iron supply and demand dynamics in Europe.
Top countries in Iron Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41,230 | 2023 | +5.13% | -0.29% | View data |
| 2 | 2 Italy | 17,450 | 2023 | +4.72% | -2.05% | View data |
| 3 | 3 Poland | 11,700 | 2023 | +1.81% | -1.57% | View data |
| 4 | 4 Spain | 10,840 | 2023 | +6.87% | -2.85% | View data |
| 5 | 5 France | 9,230 | 2023 | +3.02% | -2.96% | View data |
| 6 | 6 Czech Republic | 7,390 | 2023 | +4.72% | +1.62% | View data |
| 7 | 7 Austria | 5,110 | 2023 | +0.83% | -0.93% | View data |
| 8 | 8 Belgium | 3,990 | 2023 | -32.78% | -6.34% | View data |
| 9 | 9 Netherlands | 3,960 | 2023 | -2.65% | -6.89% | View data |
| 10 | 10 Slovakia | 3,720 | 2023 | +1.85% | -1.92% | View data |
