In 2023, Germany led European iron imports with a share of approximately 22.52 thousand metric tons, although it experienced a slight decline of 0.24%. Italy and France followed, both seeing minor reductions in their shares. Remarkably, Serbia and Ireland showed significant growth, with variations of 4.86% and 5.02% respectively. Meanwhile, noticeable declines were present in the United Kingdom, Finland, and Luxembourg, reflecting broader macroeconomic factors.
Looking forward, future trends to watch include:
- Potential economic recoveries or slowdowns affecting major importers like Germany and France.
- Shifts in global supply chains that might influence smaller importers with recent growth, such as Serbia and Ireland.
- Continued competitive dynamics leading to fluctuations among top importers in the European market.
Top countries in Iron Imports Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.52 | 2023 | +3.47% | -0.24% | View data |
| 2 | 2 Italy | 11.08 | 2023 | +5.11% | -0.14% | View data |
| 3 | 3 France | 9.94 | 2023 | +4.09% | -0.8% | View data |
| 4 | 4 Netherlands | 6.74 | 2023 | +0.65% | -0.53% | View data |
| 5 | 5 Spain | 6.44 | 2023 | +5.57% | -1.66% | View data |
| 6 | 6 Belgium | 5.72 | 2023 | +2.66% | -2.89% | View data |
| 7 | 7 Poland | 5.65 | 2023 | +1.54% | -1.34% | View data |
| 8 | 8 Czech Republic | 4.12 | 2023 | +1.08% | -0.13% | View data |
| 9 | 9 Austria | 4.07 | 2023 | +1.96% | +0.14% | View data |
| 10 | 10 United Kingdom | 4.07 | 2023 | -2.94% | -3.71% | View data |
