The import volumes of hot-drawn or extruded open sections of stainless steel in Europe have seen varied trends over the past year. Italy leads with a slight decline, while Spain shows marginal growth. Germany displays strong growth, and Belgium highlights a significant surge. The Netherlands follows with moderate growth, whereas Poland, the UK, France, and several other countries face declines. Notably, Sweden and Malta experienced pronounced downturns, whereas Ireland and Latvia witnessed increased imports. Over five years, the compound annual growth rate indicates Belgium and Cyprus have shown stronger resilience and growth compared to others.
Future trends to monitor include potential shifts in European import patterns driven by industry demand, trade policies, and economic reformations. Countries like Germany, Belgium, and Cyprus are likely to continue on a growth trajectory considering their recent performances. There may also be opportunities for growth in countries currently reducing imports if economic and manufacturing conditions improve. Additionally, sustainability trends and technological advancements in steel processing may further influence import dynamics.
Top countries in Import of Hot-Drawn or Extruded Open Sections of Stainless Steel (Not Further Worked than Hot Rolled) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 10,024,000 | 2023 | +5.61% | -2.52% | View data |
| 2 | 2 Spain | 9,924,600 | 2023 | +18.6% | +0.5% | View data |
| 3 | 3 Germany | 9,085,700 | 2023 | +2.95% | +3.19% | View data |
| 4 | 4 Belgium | 7,884,500 | 2023 | +29.69% | +14.8% | View data |
| 5 | 5 Netherlands | 7,073,700 | 2023 | +8.96% | +9.18% | View data |
| 6 | 6 Poland | 3,931,400 | 2023 | +1.67% | -0.23% | View data |
| 7 | 7 United Kingdom | 3,190,100 | 2023 | -0.65% | -1.16% | View data |
| 8 | 8 France | 2,379,100 | 2023 | -2.16% | -4.89% | View data |
| 9 | 9 Slovakia | 2,367,800 | 2023 | +3.38% | -4.95% | View data |
| 10 | 10 Denmark | 1,718,800 | 2023 | -0.098% | -3.06% | View data |
