In 2023, Germany held the largest share (41.89%) in European exports of hot-rolled stainless steel sections, with a significant year-on-year growth of 31.48%. Italy and the Netherlands followed, with moderate growth of 0.23% and 1.41%, respectively. Notable increases were observed in Poland (+7.91%) and Belgium (+7.6%). The UK and Austria experienced declines of -9.59% and -9.55%, respectively. Ireland and Croatia saw remarkable surges, with 164.11% and 75.53% growth. Over the past five years, the CAGR suggests mixed performance, with fluctuations across countries, highlighting the dynamic nature of the market.
Future trends to watch include:
- Germany's continued dominance, potentially shaping market dynamics in 2024 and beyond.
- Potential recovery strategies for declining markets like the UK and Austria.
- Emerging opportunities as Ireland and Croatia exhibit strong growth potential.
- Impact of global trade policies on European exports, especially in a post-Brexit context.
Top countries in Export of Open Sections, Not Further Worked than Hot-Rolled, Hot-Drawn or Extruded of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.89 | 2023 | +24.33% | +31.48% | View data |
| 2 | 2 Italy | 20.36 | 2023 | +0.41% | +0.23% | View data |
| 3 | 3 Netherlands | 10.45 | 2023 | +7.03% | +1.41% | View data |
| 4 | 4 Poland | 5.74 | 2023 | +1.23% | +7.91% | View data |
| 5 | 5 Belgium | 5.64 | 2023 | +6.61% | +7.6% | View data |
| 6 | 6 Sweden | 2.55 | 2021 | +2.25% | -9.04% | View data |
| 7 | 7 United Kingdom | 2.1 | 2023 | -16.25% | -9.59% | View data |
| 8 | 8 Denmark | 2.04 | 2023 | +0.061% | +0.31% | View data |
| 9 | 9 Austria | 1.72 | 2023 | -9.87% | -9.55% | View data |
| 10 | 10 Portugal | 1.05 | 2023 | -2.08% | +4.8% | View data |
