The data for 2023 reveals that Germany remains the largest importer of hot-rolled, hot-drawn or extruded stainless steel bars and rods in Europe. However, it faced an annual decline of 8.15%. Italy, the second-largest importer, saw a minor decrease of 2.74%. Spain and Denmark experienced significant growth, increasing by 13.83% and 11.77% respectively. Ireland registered the highest growth surge at 20.21%. Conversely, countries like Austria and Portugal witnessed notable declines of 26.61% and 16.43% respectively.
Future trends to watch for in the European import market include:
- Potential rebound in Germany’s import volumes driven by industrial demand recovery.
- Continued growth in Spain and Denmark as they capitalize on expanding construction projects and manufacturing sectors.
- Monitoring Ireland's growth trajectory to see if recent surges stabilize or expand further.
- Observing the impact of potential trade policies from the EU and global market fluctuations which may affect import dynamics.
Top countries in Import of Bars and Rods of Stainless Steel, Only Hot-Rolled, Only Hot-Drawn or Only Extruded Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.22 | 2023 | -7.3% | -8.15% | View data |
| 2 | 2 Italy | 10.85 | 2023 | +3.12% | -2.74% | View data |
| 3 | 3 Netherlands | 7.52 | 2023 | -0.47% | -2.55% | View data |
| 4 | 4 Belgium | 6.46 | 2023 | +6.11% | -1.1% | View data |
| 5 | 5 Spain | 6.34 | 2023 | +9.74% | +13.83% | View data |
| 6 | 6 Denmark | 5.73 | 2023 | +8.5% | +11.77% | View data |
| 7 | 7 United Kingdom | 5.3 | 2023 | +0.32% | +3.23% | View data |
| 8 | 8 Poland | 4.18 | 2023 | -0.99% | -0.27% | View data |
| 9 | 9 France | 3.85 | 2023 | -1.28% | -7.29% | View data |
| 10 | 10 Czechia | 3.73 | 2023 |
