In 2023, Belgium, Sweden, and Finland led European imports of ingots and semi-finished stainless steel products. Notable variations were observed, with Finland seeing a 76.05% increase, Bulgaria at 65.93%, and Lithuania at 57.84%. Germany, France, and Spain experienced declines of 20.92%, 16.03%, and 17.1% respectively. Smaller countries like Luxembourg and Slovenia posted substantial growth. The average annual growth (CAGR) over the last five years showcases a diverse landscape of demand changes throughout Europe.
Future trends may involve increasing regional specialization, shifts in supply chain diversification efforts post-pandemic, and demand influenced by the energy transition towards greener alternatives impacting input costs and production processes.
Top countries in Import of Ingots, Other Primary Forms and Long Semi-Finished Products of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 18.82 | 2021 | +8.2% | +44.79% | View data |
| 2 | 2 Sweden | 16.74 | 2021 | +52.18% | +13.64% | View data |
| 3 | 3 Finland | 11.81 | 2023 | +4.35% | +76.05% | View data |
| 4 | 4 Germany | 9.8 | 2023 | -14.81% | -20.92% | View data |
| 5 | 5 France | 8.51 | 2023 | -11.08% | -16.03% | View data |
| 6 | 6 Portugal | 8.26 | 2023 | +2.53% | +0.24% | View data |
| 7 | 7 Italy | 7.91 | 2023 | +3.95% | +2.08% | View data |
| 8 | 8 Spain | 6.97 | 2023 | -34.1% | -17.1% | View data |
| 9 | 9 Netherlands | 5.06 | 2023 | +4.25% | +3.61% | View data |
| 10 | 10 Austria | 3.9 | 2023 | +5.07% | +0.74% | View data |
