In 2023, Italy led the European export market for non-alloy steel forged and hot-rolled bars, accounting for approximately 761 million kilograms. This was a decrease of 17.09% compared to the previous year. Poland followed with a 1.12% increase, reflecting almost 407 million kilograms. While positive growth was reported by Austria and Lithuania at 2.98% and 3.73%, significant declines were noted in the United Kingdom, Denmark, Belgium, France, and Romania. Over a five-year period, the compound annual growth rate varied among countries, highlighting shifts in competitive dynamics and global demand fluctuations.
Future trends to watch include:
- Resurgence in demand from emerging markets, driven by infrastructure and industrial expansions.
- Changes in global trade policies and tariffs, which may affect Europe's export competitiveness.
- Technological innovations in steel production, potentially impacting cost structures and market positioning.
- Sustainable practices and green steel production gaining importance, influencing market preferences.
- Potential geopolitical tensions affecting supply chains and trade logistics.
Top countries in Export of Non-Alloy Steel Forged and Hot-Rolled Bars (Excluding Hollow Drill Bars and Rods) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 761,030,000 | 2023 | +15.38% | -17.09% | View data |
| 2 | 2 Poland | 407,010,000 | 2023 | +2.11% | +1.12% | View data |
| 3 | 3 Czechia | 245,410,000 | 2023 | |||
| 4 | 4 United Kingdom | 142,250,000 | 2023 | -4.72% | -5.44% | View data |
| 5 | 5 Denmark | 113,640,000 | 2023 | +1.29% | -5.44% | View data |
| 6 | 6 Bulgaria | 100,170,000 | 2023 | -0.7% | -5.17% | View data |
| 7 | 7 Spain | 64,173,000 | 2023 | +58.75% | -10.26% | View data |
| 8 | 8 Belgium | 51,063,000 | 2023 | -9.4% | -20.74% | View data |
| 9 | 9 Austria | 47,683,000 | 2023 | +3.69% | +2.98% | View data |
| 10 | 10 Sweden | 40,665,000 | 2023 | -2.29% | -5.61% | View data |
