In 2023, Germany continues to lead European imports of Iron, Steel, and Ferro-Alloys, accounting for 15.5% of total volume, though it experienced a slight decline of 1.42% from the previous year. Italy, with a 12.21% share, saw a marginal decrease of 0.34%, while Belgium's share dropped by 2.33% to 8.62%. France and Poland contribute 8.43% and 8.01% respectively, with Poland showing a positive change of 1.96%. Despite minor drops in other top countries like the Netherlands and Spain, noteworthy increases were observed in Romania, Hungary, Bulgaria, and Cyprus, indicating potential growth markets.
Future trends to watch include the increasing shares of smaller markets such as Croatia, Ireland, and Malta, driven by substantial year-on-year growth rates. Monitoring these changes could provide insights into evolving trade dynamics and opportunities for strategic positioning within the European market. Additionally, the recovery or further declines in traditionally strong markets like Germany and Italy will be crucial in understanding the overall market health.
Top countries in Import of Iron, Steel and Ferro-Alloys Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.5 | 2023 | +7.57% | -1.42% | View data |
| 2 | 2 Italy | 12.21 | 2023 | +7.4% | -0.34% | View data |
| 3 | 3 Belgium | 8.62 | 2023 | +5.41% | -2.33% | View data |
| 4 | 4 France | 8.43 | 2023 | +6.78% | -0.25% | View data |
| 5 | 5 Poland | 8.01 | 2023 | +4.71% | +1.96% | View data |
| 6 | 6 Netherlands | 6.95 | 2023 | +3.39% | -0.17% | View data |
| 7 | 7 Spain | 6.44 | 2023 | +4.83% | -0.78% | View data |
| 8 | 8 Czechia | 4.99 | 2023 | |||
| 9 | 9 United Kingdom | 4.74 | 2023 | +3.97% | +1.57% | View data |
| 10 | 10 Romania | 2.89 | 2023 | +4.75% | +4.03% | View data |