In 2023, Spain led the global export market for hot rolled bar and rod in irregular coils of free cutting steel, followed by Germany and France. While Spain, Germany, and France experienced moderate growth, the UK and Switzerland saw declines. Notable increases included Brazil at 8.17% and extraordinary rises from Namibia and Croatia, although at smaller scales. Canada and Ireland showed remarkable growth, which could indicate strategic shifts or economic conditions conducive to these markets. Conversely, Australia and Norway exhibited declining trends.
Future trends to watch include the continued potential growth from emerging markets like Brazil and increased diversification in export strategies from current leading nations. Economic shifts, raw material availability, and global trade policies will play significant roles in shaping the trajectory of this export sector.
Top countries in Export of Hot Rolled Bar and Rod in Irregular Coils of Free Cutting Steel by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 380,530,000 | 2023 | +4.19% | +1.65% | View data |
| 2 | 2 Germany | 172,450,000 | 2023 | +1.26% | +1.24% | View data |
| 3 | 3 France | 123,180,000 | 2023 | +2.58% | +2.72% | View data |
| 4 | 4 United Kingdom | 114,430,000 | 2023 | +0.16% | -3.85% | View data |
| 5 | 5 Switzerland | 84,941,000 | 2023 | +0.088% | -6.51% | View data |
| 6 | 6 Japan | 53,100,000 | 2023 | -1.01% | -4.3% | View data |
| 7 | 7 Malaysia | 19,338,000 | 2023 | +6.64% | +0.71% | View data |
| 8 | 8 United States | 18,315,000 | 2023 | -4.2% | -3.47% | View data |
| 9 | 9 Czech Republic | 11,958,000 | 2023 | +4.4% | -0.69% | View data |
| 10 | 10 Italy | 11,323,000 | 2023 | +3.73% | +0.32% | View data |
