The global export landscape for formed or finished iron or non-alloy steel bar and rod of free cutting steel in 2023 shows Germany leading with a 21.18% share, followed by Italy at 20.63%. However, notable declines in exports were observed in Switzerland, Japan, and the United Kingdom. Positive growth is seen in regions like Bulgaria, Latvia, and Oman. Analyzing past trends, significant gains were made by Lithuania and Botswana, hinting at emerging markets increasing their export capacity. Meanwhile, substantial export contractions in Argentina suggest geopolitical or economic factors impacting trade.
Looking forward, it is essential to watch China and Japan for potential recoveries, as decreased shares suggest underutilization of their robust steel industry. Monitoring Middle Eastern players like the UAE, who showed recent growth, could reveal insights, particularly as they diversify industrial outputs. Furthermore, tracking fluctuating markets like Pakistan, with its recent dramatic growth, could unveil new trends in global steel demand.
Top countries in Export of Formed or Finished Iron or Non-Alloy Steel Bar and Rod of Free Cutting Steel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.18 | 2023 | +2.69% | +1.63% | View data |
| 2 | 2 Italy | 20.63 | 2023 | +2.21% | +0.66% | View data |
| 3 | 3 Switzerland | 9.42 | 2023 | -0.25% | -3.75% | View data |
| 4 | 4 Spain | 8.97 | 2023 | +3.01% | +1.54% | View data |
| 5 | 5 France | 7.57 | 2023 | +4.25% | +2.05% | View data |
| 6 | 6 United Kingdom | 6.59 | 2023 | -1.42% | -4.96% | View data |
| 7 | 7 Canada | 6.23 | 2023 | -2.5% | -5.86% | View data |
| 8 | 8 Czech Republic | 3.19 | 2023 | +2.46% | -1.85% | View data |
| 9 | 9 United States | 3.02 | 2023 | +0.98% | +1.45% | View data |
| 10 | 10 Belgium | 2.88 | 2023 | +1.98% | +0.65% | View data |
