The global export of sections T of iron or non-alloy steel, primarily driven by Spain with 79.37% market share, shows significant disparities in year-on-year performance across countries. Spain, along with the Philippines and Senegal, experienced growth, marking increases of 3.52%, 5.83%, and 5.93% respectively in 2023. Notable declines occurred in Italy and Canada at -7.19% and -38.21% respectively. Eastern European markets like Hungary and countries such as Zimbabwe also faced downturns, showing considerable year-on-year decreases in exports. Meanwhile, Indonesia bucked the trend with an 11.1% increase, suggesting a growing influence in this market segment.
Looking forward, global trends indicate potential shifts with emerging markets like Indonesia gaining traction, while more established suppliers like Spain may experience moderate growth. Watch for technological improvements and environmental regulations which may shape production and export capacities, posing new opportunities or challenges for market participants.
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 (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 79.37 | 2023 | +3.87% | +3.52% | View data |
| 2 | 2 Philippines | 4.81 | 2023 | +4.58% | +5.83% | View data |
| 3 | 3 France | 4.72 | 2023 | +2.53% | +1.94% | View data |
| 4 | 4 Italy | 4.37 | 2023 | -8.1% | -7.19% | View data |
| 5 | 5 Brazil | 1.15 | 2023 | +0.71% | +0.88% | View data |
| 6 | 6 Peru | 0.79 | 2023 | +1.61% | +4.37% | View data |
| 7 | 7 Poland | 0.65 | 2023 | +2.37% | +3.77% | View data |
| 8 | 8 Germany | 0.24 | 2023 | -6.98% | -5.8% | View data |
| 9 | 9 Ireland | 0.12 | 2023 | -1.03% | -1.17% | View data |
| 10 | 10 China | 0.12 | 2023 | -9.32% | +0.53% | View data |
