In 2023, Italy, Spain, and Germany led European imports of open sections of stainless steel in changes when measured by kilograms. Italy and Spain witnessed slight declines from the previous year, while Germany saw an increase of over 3%. Conversely, Belgium and the Netherlands gained significant ground, demonstrating double-digit growth. Meanwhile, Austria, Sweden, and Luxembourg saw considerable declines, with Luxembourg experiencing the most notable drop. Over five years, Finland and Cyprus have displayed robust average annual growth, while nations like Lithuania and Malta have contracted.
Future trends to watch in 2024 include potential shifts in supply chains due to geopolitical factors and evolving consumer demands for sustainable steel production. Innovations in technology and trade policies may further influence country shares in imports. Monitoring these factors will be crucial for understanding upcoming changes in this industry.
Top countries in Import of Open Sections, Not Further Worked than Hot-Rolled, Hot-Drawn or Extruded of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14.86 | 2023 | +5.61% | -2.52% | View data |
| 2 | 2 Spain | 14.71 | 2023 | +18.6% | +0.5% | View data |
| 3 | 3 Germany | 13.47 | 2023 | +2.95% | +3.19% | View data |
| 4 | 4 Belgium | 11.69 | 2023 | +29.69% | +14.8% | View data |
| 5 | 5 Netherlands | 10.48 | 2023 | +8.96% | +9.18% | View data |
| 6 | 6 Poland | 5.83 | 2023 | +1.67% | -0.23% | View data |
| 7 | 7 United Kingdom | 4.73 | 2023 | -0.65% | -1.16% | View data |
| 8 | 8 France | 3.66 | 2023 | -2.16% | -4.89% | View data |
| 9 | 9 Slovakia | 3.51 | 2023 | +3.38% | -4.95% | View data |
| 10 | 10 Denmark | 2.55 | 2023 | -0.098% | -3.06% | View data |
