In 2023, Finland led the growth among European importers of stainless steel ingots and semi-finished products with a 76.05% year-on-year increase. In contrast, Germany and Spain saw significant declines, with decreases of 20.92% and 17.1%, respectively. Smaller countries like Bulgaria and Lithuania experienced notable surges of 65.93% and 57.84%, indicating a sharp rise in demand. Countries such as Portugal and Poland exhibited modest growth, while traditional large markets like the United Kingdom and France contracted.
Future trends to watch for:
- Continued growth in Eastern Europe, with countries like Bulgaria and Lithuania becoming more significant import players.
- Potential recovery in Western European markets, particularly Germany and France, as they adjust to fluctuating demand levels.
- Rising importance of sustainable and recyclable materials may influence import patterns, favoring countries that emphasize eco-friendly production processes.
Top countries in Import of Ingots, Other Primary Forms and Long Semi-Finished Products of Stainless Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 42,974,000 | 2021 | +8.2% | +44.79% | View data |
| 2 | 2 Sweden | 38,216,000 | 2021 | +52.18% | +13.64% | View data |
| 3 | 3 Finland | 26,972,000 | 2023 | +4.35% | +76.05% | View data |
| 4 | 4 Germany | 22,388,000 | 2023 | -14.81% | -20.92% | View data |
| 5 | 5 France | 19,432,000 | 2023 | -11.08% | -16.03% | View data |
| 6 | 6 Portugal | 18,864,000 | 2023 | +2.53% | +0.24% | View data |
| 7 | 7 Italy | 18,067,000 | 2023 | +3.95% | +2.08% | View data |
| 8 | 8 Spain | 15,927,000 | 2023 | -34.1% | -17.1% | View data |
| 9 | 9 Netherlands | 11,560,000 | 2023 | +4.25% | +3.61% | View data |
| 10 | 10 Austria | 8,896,100 | 2023 | +5.07% | +0.74% | View data |
