In 2023, Italy significantly led European imports of flat semi-finished stainless steel products with a 54.93% market share, nearly doubling its import value year-over-year by 121.82%. Sweden trailed at 33.49%, declining by 8.33%. Other notable changes were observed in Romania and Denmark with 78.8% and 79.68% increases respectively, while countries like Belgium and Spain saw sharp declines. Over the past five years, Luxembourg exhibited an average annual growth (CAGR) of over 270%, whereas Greece faced a decline of 39.87%.
Future trends to monitor include:
- Further growth in Italy's share, potentially leveraging its significant year-over-year increase.
- Continued fluctuations in smaller countries' shares due to volatile growth rates like those seen in Luxembourg and Romania.
- Potential rebounds in declining markets such as Germany and Belgium as they adapt to changing trade and economic conditions.
Top countries in Import of Flat Semi-Finished Products of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 54.93 | 2023 | +51.8% | +121.82% | View data |
| 2 | 2 Sweden | 33.49 | 2023 | -2.61% | -8.33% | View data |
| 3 | 3 France | 5.72 | 2023 | +1.58% | -1.37% | View data |
| 4 | 4 Finland | 3.6 | 2023 | +11.63% | -19.17% | View data |
| 5 | 5 Germany | 1.45 | 2023 | +7.31% | +7.05% | View data |
| 6 | 6 United Kingdom | 1.42 | 2023 | +2.96% | +10.97% | View data |
| 7 | 7 Belgium | 1.21 | 2023 | -16.85% | -29.62% | View data |
| 8 | 8 Spain | 0.82 | 2023 | -50.53% | -24.78% | View data |
| 9 | 9 Poland | 0.45 | 2023 | +3.61% | +4.99% | View data |
| 10 | 10 Romania | 0.26 | 2023 | +2.31% | +78.8% | View data |
