In 2023, Belgium dominated the European export market for Bars and Rods of High-Speed and Silico-Manganese Steel with significant volume, despite experiencing a slight decrease. Austria and Czechia showed stability, with minor variations. Germany, Spain, and the UK saw notable declines in export volumes. Appreciable growth was observed in Poland, Greece, and countries like Netherlands and Denmark, which exhibited remarkably high percentage increases, albeit from lower baselines. Smaller markets such as Ireland, Finland, and Latvia experienced encouraging double-digit growth, while Italy and Portugal maintained levels similar to the previous year.
Future trends to watch include potential growth adjustments due to geopolitical dynamics affecting trade, innovations in steel manufacturing processes, and shifts toward sustainability. Increased demand from Asian markets could influence export patterns, as well as enhanced intra-European collaborations to reduce carbon footprints. Monitoring the impact of trade agreements and environmental policies on production and export capacities will be critical for forecasting future trends in this sector.
Top countries in Export of Bars and Rods of High-Speed Steel, Bars and Rods of Silico-Manganese Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 169,960,000 | 2023 | +14.41% | -10.2% | View data |
| 2 | 2 Austria | 9,081,900 | 2023 | +6.78% | +0.048% | View data |
| 3 | 3 Czechia | 6,182,600 | 2023 | |||
| 4 | 4 Italy | 2,927,800 | 2023 | View data | ||
| 5 | 5 Germany | 1,696,300 | 2023 | -3.67% | -5.15% | View data |
| 6 | 6 Portugal | 1,493,800 | 2023 | -22.49% | View data | |
| 7 | 7 Sweden | 849,390 | 2023 | +6.33% | +4.02% | View data |
| 8 | 8 Poland | 809,770 | 2023 | +5.44% | +15.75% | View data |
| 9 | 9 Spain | 545,770 | 2023 | +16.12% | -5.22% | View data |
| 10 | 10 United Kingdom | 378,010 | 2023 | -14.69% | -10.1% | View data |
