The global export of bar and rod of silico-manganese steel of irregular coils appears to be dominated by China, contributing the largest share at 44.81%. Japan and Germany follow with 19.57% and 17.75%, respectively. China, Japan, and South Korea showed notable positive growth in 2023, while Canada and Italy experienced declines, with Italy seeing the most significant drop. The CAGR over the last five years suggests a general stability or minor growth in primary markets, with fluctuations occurring in smaller exporters.
Future trends to watch include the potential for increased global demand driven by industrial activity and infrastructure development, particularly in growing economies. Additionally, efforts towards trade diversification and innovation in production processes may shift export dynamics, while geopolitical factors may influence trade flows as well.
Top countries in Export of Bar and Rod of Silico-Manganese Steel of Irregular Coils Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.81 | 2023 | +4.16% | +3.71% | View data |
| 2 | 2 Japan | 19.57 | 2023 | +3.17% | +3.33% | View data |
| 3 | 3 Germany | 17.75 | 2023 | +1.87% | +1.33% | View data |
| 4 | 4 Canada | 5.43 | 2023 | -2.84% | -3.94% | View data |
| 5 | 5 South Korea | 4.64 | 2023 | +6.11% | +4.51% | View data |
| 6 | 6 Czech Republic | 3.46 | 2023 | +1.92% | +1.01% | View data |
| 7 | 7 Russia | 2.42 | 2023 | +1.41% | +0.67% | View data |
| 8 | 8 Austria | 0.66 | 2023 | +5.61% | +2.25% | View data |
| 9 | 9 Italy | 0.19 | 2023 | -16.62% | -15.37% | View data |
| 10 | 10 United States | 0.14 | 2023 | +0.038% | +0.063% | View data |
