In 2023, Germany led the European export of hot-rolled bars in free-cutting steel with a market share of 42.18%, followed by France at 30.75%. Czechia, Spain, and Italy also contributed notably. Germany saw a decline of 6.54%, and Spain saw a decrease of 7.44%, while Belgium and Denmark experienced significant increases. Estonia recorded the highest growth rate of 57.74%. Conversely, the United Kingdom faced a steep drop of 72.06%.
Future trends to watch for include the potential for Belgium and Denmark to continue their upward trend while monitoring whether Germany and Spain can reverse their recent declines. Additionally, Estonia's rapid growth might indicate emerging opportunities in smaller markets.
Top countries in Export of Hot-Rolled Bars in Free-Cutting Steels Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.18 | 2023 | +0.46% | -6.54% | View data |
| 2 | 2 France | 30.75 | 2023 | +3.52% | -1.48% | View data |
| 3 | 3 Czechia | 8.78 | 2023 | |||
| 4 | 4 Spain | 7.69 | 2023 | -11.13% | -7.44% | View data |
| 5 | 5 Italy | 4.62 | 2023 | +11.05% | -0.35% | View data |
| 6 | 6 Belgium | 3.07 | 2023 | +16.57% | +8.46% | View data |
| 7 | 7 Ireland | 2.98 | 2023 | +30.69% | +5.46% | View data |
| 8 | 8 Netherlands | 1.04 | 2021 | +4800% | +127.74% | View data |
| 9 | 9 Finland | 0.22 | 2023 | +11.5% | +14.39% | View data |
| 10 | 10 Hungary | 0.17 | 2023 | +2.42% | -3.93% | View data |
