In 2023, Sweden dominated the global export market of bar and rod of high speed steel in irregular coils, accounting for the majority of the market share in US dollars, with a value of 76.9. Austria held the second largest share, albeit significantly smaller, at 10.8. The United Arab Emirates, France, and Brazil followed with values of 3.93, 1.92, and 0.79, respectively. Markets such as the United Kingdom, South Africa, United States, Canada, and Luxembourg had minimal contributions, each under 0.1.
Year-on-year analysis for 2023 shows Sweden and the United Arab Emirates experiencing growth rates of 1.39% and 1.09% respectively, while Austria, France, and Luxembourg saw declines. Notably, Brazil reported a rise of 4.09%, while significant drops were noted for the United Kingdom and the United States at -15.47% and -59.56% respectively. Canada, however, saw a remarkable increase of 22.63%.
Future trends to watch include the potential emergence of new players in this export market and advancements in technology that may influence production capabilities. Market diversification and geopolitical factors could also impact distribution, leading to shifts in the global landscape and redistribution of export capacities among countries.
Top countries in Export of Bar and Rod of High Speed Steel in Irregular Coils Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 76.9 | 2023 | +2.62% | +1.39% | View data |
| 2 | 2 Austria | 10.8 | 2023 | +0.54% | -2.49% | View data |
| 3 | 3 United Arab Emirates | 3.93 | 2023 | +6.7% | +1.09% | View data |
| 4 | 4 France | 1.92 | 2023 | -4.21% | -7.24% | View data |
| 5 | 5 Brazil | 0.79 | 2023 | -1.3% | +4.09% | View data |
| 6 | 6 United Kingdom | 0.1 | 2023 | -16.49% | -15.47% | View data |
| 7 | 7 South Africa | 0.017 | 2023 | +0.56% | +0.11% | View data |
| 8 | 8 United States | 0.01 | 2023 | -94.51% | -59.56% | View data |
| 9 | 9 Canada | 0.004 | 2023 | -28.6% | +22.63% | View data |
| 10 | 10 Luxembourg | 0.002 | 2023 | -6.3% | -8.33% | View data |
