In 2023, China dominated the global export market of hot-rolled bars and rods of alloy steel with the largest share. Notably, the United States held a smaller share but showed a moderate increase. Japan and Germany maintained significant shares with Japan experiencing a slight growth, while Germany saw a more noticeable increase. Emerging players like South Korea and Italy demonstrated stronger growth, while Canada's share decreased. Notable declines were seen from Switzerland and Saudi Arabia. Norway, Denmark, and Greece showed significant growth rates, while others like Namibia and the Philippines experienced declines.
Looking ahead, global demand for hot-rolled bars and rods is expected to continue rising, with Asian economies like South Korea and India playing key roles in shaping market trends. The emerging focus on infrastructure development in many countries coupled with advancements in manufacturing technology will likely influence future market dynamics. Monitoring changes in trade policies, supply chain efficiencies, and raw material availability will also be crucial in predicting future market movements.
Top countries in Export of Hot-Rolled Bars and Rods of Alloy Steel in Irregularly Wound Coils Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 55.01 | 2023 | +0.88% | +2.99% | View data |
| 2 | 2 Japan | 13.54 | 2023 | +1.79% | +0.47% | View data |
| 3 | 3 Germany | 8.83 | 2023 | +2.24% | +1.74% | View data |
| 4 | 4 Austria | 5.84 | 2023 | +1.93% | +1.88% | View data |
| 5 | 5 Italy | 5.33 | 2023 | +3.96% | +3.49% | View data |
| 6 | 6 Canada | 3.46 | 2023 | +2.16% | -1.5% | View data |
| 7 | 7 Spain | 3.4 | 2023 | +2.91% | +2.48% | View data |
| 8 | 8 South Korea | 3.4 | 2023 | +4.64% | +4.81% | View data |
| 9 | 9 Czech Republic | 1.78 | 2023 | +0.51% | -0.15% | View data |
| 10 | 10 Sweden | 1.7 | 2023 | +2.53% | +1.24% | View data |
