The European export of hot-rolled round bars of stainless steel in 2023 saw Spain leading significantly with a share of 47.65% in kilograms. Other significant contributors included Italy with 11.75% and France at 10.26%, although France experienced a notable decline of 15.32% from the previous year. Germany stood steady with a minimal share difference. Poland exhibited the most significant increase among smaller contributors at 13.18%, whereas Slovenia and Hungary experienced declines. Small markets saw variances, with Estonia and Romania experiencing substantial increases of 36% and 86.85% respectively, indicating burgeoning capacities.
Looking forward to 2024, Europe's pace in high-value stainless steel exports suggests growth, particularly in Italy, Belgium, and the Netherlands, which have shown steady increases. Spain is expected to maintain dominance, albeit with potential recalibrations as the market diversifies its sources. The gains in Eastern Europe, notably Romania and Estonia, will be notable for expanding the export geographies. Monitoring these trends will be essential to understand the shifts in market dynamics and demand for stainless steel products in Europe.
Top countries in Export of Hot-Rolled Round Bars of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 47.65 | 2023 | -10.85% | +1.66% | View data |
| 2 | 2 Italy | 11.75 | 2023 | +132.84% | View data | |
| 3 | 3 France | 10.26 | 2023 | -15.09% | -15.32% | View data |
| 4 | 4 Germany | 9.19 | 2023 | -33.84% | View data | |
| 5 | 5 Sweden | 6.26 | 2023 | +4.67% | -1.43% | View data |
| 6 | 6 United Kingdom | 5.26 | 2023 | +0.48% | +0.77% | View data |
| 7 | 7 Belgium | 4.06 | 2023 | +7.93% | +2.09% | View data |
| 8 | 8 Netherlands | 1.95 | 2023 | +13.49% | +2.46% | View data |
| 9 | 9 Austria | 1.66 | 2023 | +8.79% | +2.73% | View data |
| 10 | 10 Poland | 0.98 | 2023 | +5.33% | +13.18% | View data |
