In 2023, Italy, Spain, and Germany led European imports of hot-drawn or extruded open sections of stainless steel, collectively accounting for over 43% of the market share. Belgium and the Netherlands showed significant growth, with Belgium experiencing a notable 14.8% increase. Conversely, substantial declines were seen in Luxembourg, Sweden, and Lithuania. France and Slovakia also had downward trends. Countries like Ireland, Portugal, and Cyprus reported remarkable growth, with Cyprus leading, showcasing a 44.38% increase.
Looking ahead, the market is likely to shift with increasing import volumes from less dominant countries, reflecting diversification efforts. Continued monitoring of geopolitical developments and sustainable steel production innovations could significantly influence future import patterns.
Top countries in Import of Hot-Drawn or Extruded Open Sections of Stainless Steel (Not Further Worked than Hot Rolled) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14.88 | 2023 | +5.61% | -2.52% | View data |
| 2 | 2 Spain | 14.73 | 2023 | +18.6% | +0.5% | View data |
| 3 | 3 Germany | 13.49 | 2023 | +2.95% | +3.19% | View data |
| 4 | 4 Belgium | 11.7 | 2023 | +29.69% | +14.8% | View data |
| 5 | 5 Netherlands | 10.5 | 2023 | +8.96% | +9.18% | View data |
| 6 | 6 Poland | 5.84 | 2023 | +1.67% | -0.23% | View data |
| 7 | 7 United Kingdom | 4.74 | 2023 | -0.65% | -1.16% | View data |
| 8 | 8 France | 3.53 | 2023 | -2.16% | -4.89% | View data |
| 9 | 9 Slovakia | 3.51 | 2023 | +3.38% | -4.95% | View data |
| 10 | 10 Denmark | 2.55 | 2023 | -0.098% | -3.06% | View data |
