In 2023, Kazakhstan led the global import market of Bar and Rod of Silico-Manganese Steel Not in Coils, with a marginal decline of 2.07%. Spain saw an increase of 2.99%, contrasting with the UK’s slight dip of 0.77%. France and Germany remained relatively stable, while China expanded by 2.6%. Noteworthy growth came from Kyrgyzstan at 3.57% and Thailand at 5.26%. Russia and the United States experienced sharp declines of over 30% and 28%, respectively.
Future trends to watch include:
- Potential market fluctuations influenced by geopolitical and economic shifts.
- Gains in Southeast Asian markets due to infrastructure development.
- Recovery potential for major markets like the United States and Russia.
- Technological advancements may alter production and import dynamics globally.
Top countries in Import of Bar and Rod of Silico-Manganese Steel Not in Coils Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kazakhstan | 22.1 | 2023 | -1.86% | -2.07% | View data |
| 2 | 2 Spain | 11.24 | 2023 | +4.31% | +2.99% | View data |
| 3 | 3 United Kingdom | 10.28 | 2023 | -0.016% | -0.77% | View data |
| 4 | 4 France | 6.38 | 2023 | +1.77% | -0.44% | View data |
| 5 | 5 China | 6.15 | 2023 | +0.8% | +2.6% | View data |
| 6 | 6 Kyrgyzstan | 5.98 | 2023 | +3.59% | +3.57% | View data |
| 7 | 7 Ukraine | 5.14 | 2023 | +3.1% | +0.9% | View data |
| 8 | 8 Thailand | 5.04 | 2023 | +5.87% | +5.26% | View data |
| 9 | 9 Belarus | 4.69 | 2023 | +3.08% | +0.85% | View data |
| 10 | 10 Poland | 4.62 | 2023 | -1.11% | -10.42% | View data |
