The market size for Non Alloy Steel Open Sections in the Netherlands showed fluctuations from 2013 to 2023, with a notable increase from 425.69 million kilograms in 2015 to 571.03 million kilograms by 2021, before slightly declining to 549.99 million kilograms in 2023. This fluctuating pattern was characterized by significant growth in certain years, especially 2016 with a 23.54% increase, and a couple of downturns, notably during 2020 with an 8.96% decrease, reflecting global economic impacts.
Year-on-year changes exhibited notable variations, including a 10.9% rise in 2021, contrasted by a 5.56% drop in 2022, stabilizing with a marginal growth of 1.98% in 2023. Over the past five years, the compound annual growth rate was relatively modest at 0.84%.
Future trends to observe include potential impacts from environmental regulations, advancements in steel strengthening technologies, and shifts in construction industry demands that could influence market dynamics. Close attention to these variables could forecast market trajectories effectively.
How does the Netherlands rank in Non Alloy Steel Open Sections, Not Further Worked than Hot Rolled, Hot-Drawn or Extruded Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,154,700,000 | 2023 | -0.28% | -0.37% | View data |
| 2 | 2 Italy | 758,420,000 | 2023 | -3.09% | -0.71% | View data |
| 3 | 3 Netherlands | 549,990,000 | 2023 | +1.98% | +0.84% | |
| 4 | 4 Sweden | 91,396,000 | 2023 | +0.62% | +0.5% | View data |
| 5 | 5 Finland | 61,050,000 | 2023 | -0.1% | -0.07% | View data |
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