The 2023 data shows Spain dominating global exports of Sections T of iron or non-alloy steel, with a notable 76.93% share, followed by Italy at 7.14%, and France at 5.28%. While Italy and Germany saw declines of 3.79% and 3.75%, the Philippines and China displayed remarkable growth at 5.57% and 12.42% respectively. Costa Rica significantly increased its share with a 241.84% surge. Conversely, Canada and Finland suffered the most substantial drops by 20.37% and 42.71% respectively.
Looking ahead, the industry should watch for China's continued rapid growth and Indonesia's emerging strength, which increased by 24.49%. Additionally, Costa Rica’s surge indicates potential changes in market dynamics. Monitoring geopolitical shifts, technological innovations, and shifts in raw material availability will be essential as these factors could impact international trade flows and market share distribution.
Top countries in Export of Sections T of Iron or Non-Alloy Steel Not Further Worked Than Hot-Rolled, Hot-Drawn or Extruded, of a Height of Less Than 80 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 76.93 | 2023 | +3.86% | +2.52% | View data |
| 2 | 2 Italy | 7.14 | 2023 | -3.3% | -3.79% | View data |
| 3 | 3 France | 5.28 | 2023 | +2.7% | +1.98% | View data |
| 4 | 4 Philippines | 1.24 | 2023 | +4.51% | +5.57% | View data |
| 5 | 5 Peru | 1.07 | 2023 | +1.66% | +4.09% | View data |
| 6 | 6 Brazil | 1.06 | 2023 | +0.67% | +0.29% | View data |
| 7 | 7 Poland | 0.74 | 2023 | +1.84% | +1.93% | View data |
| 8 | 8 Germany | 0.54 | 2023 | -4.03% | -3.75% | View data |
| 9 | 9 China | 0.27 | 2023 | -6.42% | +12.42% | View data |
| 10 | 10 Ireland | 0.17 | 2023 | -1.9% | -3% | View data |
