In 2023, China dominated the global export of bar and rod of silico-manganese steel of irregular coils, holding the largest market share. It saw a year-on-year growth of 5.09%, indicating a significant presence. Germany and Japan also held notable shares, with Germany experiencing a moderate increase of 1.93% and Japan showing a positive growth of 4.8%.
Conversely, Canada and Italy experienced declines of 3.29% and 33.11% respectively, hinting at a potential retraction in these markets. Emerging exporters like India and the United Kingdom saw substantial growth rates of 4.34% and 6.23% respectively, suggesting increasing competitiveness. Over the last five years, these trends are critical as they align with the global demand for steel products.
Looking forward, noteworthy trends include:
- Further growth in China, Germany, and Japan as primary exporters, potentially solidifying their dominance.
- Exploration of new markets by smaller exporters like India and the Czech Republic, impacting global share dynamics.
- Potential recovery efforts by countries like Canada and Italy to regain lost market share.
- Monitoring the impact of economic and geopolitical factors on steel product demand and supply chains globally.
Top countries in Export of Bar and Rod of Silico-Manganese Steel of Irregular Coils Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 53.66 | 2023 | +3.93% | +5.09% | View data |
| 2 | 2 Germany | 16.16 | 2023 | +1.52% | +1.93% | View data |
| 3 | 3 Japan | 13.31 | 2023 | +3.69% | +4.8% | View data |
| 4 | 4 Canada | 4.69 | 2023 | -3.34% | -3.29% | View data |
| 5 | 5 South Korea | 3.74 | 2023 | +6.07% | +4.77% | View data |
| 6 | 6 Czech Republic | 3.51 | 2023 | +1.8% | +2.09% | View data |
| 7 | 7 Russia | 3.13 | 2023 | +0.19% | +0.79% | View data |
| 8 | 8 Austria | 0.44 | 2023 | +5.41% | +2.54% | View data |
| 9 | 9 United States | 0.081 | 2023 | +0.61% | +1.57% | View data |
| 10 | 10 India | 0.069 | 2023 | +0.76% | +4.34% | View data |
