In 2023, South Korea led the global export market of the specified steel products with substantial growth, experiencing a 1.85% increase. Conversely, Japan, Italy, and Ukraine saw mixed performance with moderate declines. Germany and Brazil recorded significant drops, by 5.7% and 9.86%, respectively, impacting their competitive stance. In contrast, India and the Luxembourg market share grew considerably, expanding by 4.44% and 5.64%, respectively. The variations indicate a dynamic market over the last two years, with regions like Tanzania displaying remarkable growth at 249.98%, suggesting untapped potential.
Looking ahead, emerging markets' rising demand, improvements in technology, and shifts in geopolitical climates will be significant drivers of change in the global steel trade. Countries with strategic geographical positions and competitive pricing, like India, may increasingly capture market share. Environmental regulations may also influence production patterns, affecting global distribution.
Top countries in Export of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness More Than 10 mm and Minimum Yield Point Not Exceeding 355 Mpa Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 18.03 | 2023 | +1.86% | +1.85% | View data |
| 2 | 2 Japan | 14.92 | 2023 | -0.94% | -2.39% | View data |
| 3 | 3 Italy | 8.65 | 2023 | +1.53% | +0.84% | View data |
| 4 | 4 Ukraine | 7.79 | 2023 | -0.44% | -1.98% | View data |
| 5 | 5 Belgium | 5.31 | 2023 | +0.35% | -0.41% | View data |
| 6 | 6 France | 5.21 | 2023 | +1.77% | +1.43% | View data |
| 7 | 7 Germany | 4.58 | 2023 | -5.08% | -5.7% | View data |
| 8 | 8 Austria | 4.37 | 2023 | +0.26% | +0.88% | View data |
| 9 | 9 Netherlands | 3.73 | 2023 | +1.65% | +0.06% | View data |
| 10 | 10 United States | 3.68 | 2023 | -1.77% | -1.39% | View data |
