Germany holds a dominant position in European exports of hot-rolled bars in tool steels, comprising 40.15% of the market share as of 2024. Other leading exporters include Sweden at 19.78% and Slovenia at 11.64%. Year-on-year, Germany showed a slight growth of 0.33%, while Sweden experienced a significant decline of 6.81%. Italy registered the highest increase among major exporters, with a 9.82% rise. Meanwhile, Belgium experienced the largest decline at 12.85%. Over the last five years, the compounded annual growth rate (CAGR) reveals fluctuating market dynamics, characterized by Germany's stable increase and varying trends among smaller players.
Future trends to watch include a potential realignment of market shares driven by technological advancements and sustainability efforts across Europe. An increased focus on eco-friendly production methods could affect the competitive landscape, with countries investing in green steel production possibly gaining a larger share. Monitoring policy changes and economic shifts within the European Union will be key in forecasting future developments in this market.
Top countries in Export of Hot-Rolled Bars in Tool Steels Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.15 | 2023 | +14.42% | +0.33% | View data |
| 2 | 2 Sweden | 19.78 | 2023 | -8.35% | -6.81% | View data |
| 3 | 3 Slovenia | 11.64 | 2023 | +0.44% | -0.21% | View data |
| 4 | 4 Austria | 7.34 | 2023 | +3.05% | -2.62% | View data |
| 5 | 5 Belgium | 6.37 | 2023 | +2.43% | -12.85% | View data |
| 6 | 6 Spain | 3.18 | 2023 | +15.68% | +1.73% | View data |
| 7 | 7 Czechia | 2.87 | 2023 | |||
| 8 | 8 Italy | 2.65 | 2023 | -12.46% | +9.82% | View data |
| 9 | 9 Poland | 2.52 | 2023 | +2.5% | -5.16% | View data |
| 10 | 10 France | 2.34 | 2023 | +7.62% | -2.29% | View data |
