In 2023, Germany and Italy emerged as the top exporters of formed or finished iron or non-alloy steel bars and rods. Countries like Switzerland, Spain, and France also contribute significantly to the market. Notable yearly growths were observed in countries like Lithuania (14.99%) and Latvia (6.98%), while Japan (-7.18%) and Argentina (-30.62%) faced declines. Canada's exports decreased by 5.86%, while the United Kingdom saw a 4.96% reduction. Emerging markets like Pakistan (105.43%) and Oman (40.42%) exhibited remarkable growth rates over the past year.
Future trends to watch include potential growth in support areas like infrastructure development and global demand for construction materials. Emerging economies and technological advancements in steel production may influence shifts in exports, potentially benefiting countries with rapidly evolving steel industries. Observing how geopolitical factors and international trade agreements affect the global supply chain will also be crucial.
Top countries in Export of Formed or Finished Iron or Non-Alloy Steel Bar and Rod of Free Cutting Steel by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 176,260,000 | 2023 | +2.69% | +1.63% | View data |
| 2 | 2 Italy | 171,730,000 | 2023 | +2.21% | +0.66% | View data |
| 3 | 3 Switzerland | 78,420,000 | 2023 | -0.25% | -3.75% | View data |
| 4 | 4 Spain | 74,698,000 | 2023 | +3.01% | +1.54% | View data |
| 5 | 5 France | 62,978,000 | 2023 | +4.25% | +2.05% | View data |
| 6 | 6 United Kingdom | 54,845,000 | 2023 | -1.42% | -4.96% | View data |
| 7 | 7 Canada | 51,845,000 | 2023 | -2.5% | -5.86% | View data |
| 8 | 8 Czech Republic | 26,528,000 | 2023 | +2.46% | -1.85% | View data |
| 9 | 9 United States | 25,099,000 | 2023 | +0.98% | +1.45% | View data |
| 10 | 10 Belgium | 23,935,000 | 2023 | +1.98% | +0.65% | View data |
