In 2023, Germany continued to dominate the European import market for iron ores and concentrates with a 29.93% share, showing a slight increase of 0.067% year-on-year. The Netherlands held the second position with a 19.76% share, though declining by 0.66%. France, at 11.34%, and Poland, at 5.55%, saw varied changes of -0.4% and 0.43%, respectively. The UK experienced a significant drop of 4.93%, securing a 5% share. Belgium, Italy, and Romania also faced declines, while Spain and Slovakia witnessed positive growth. Smaller markets like Hungary, Sweden, Denmark, and Lithuania saw considerable growth, with Lithuania showing a noteworthy 7.44% increase. Conversely, the smallest contributors like Malta, Cyprus, and Estonia had negligible changes but still reflected overall steady market dynamics.
Going forward, trends to watch include potential recovery in the UK market and further growth in emerging markets like Hungary and Lithuania. Continued monitoring of market shifts in Germany and the Netherlands will also be crucial, especially in light of changing economic and geopolitical factors impacting trade flows.
Top countries in Import of Iron Ores and Concentrates Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.93 | 2023 | -0.051% | +0.067% | View data |
| 2 | 2 Netherlands | 19.76 | 2023 | -0.91% | -0.66% | View data |
| 3 | 3 France | 11.34 | 2023 | -0.23% | -0.4% | View data |
| 4 | 4 Poland | 5.55 | 2023 | +0.55% | +0.43% | View data |
| 5 | 5 United Kingdom | 5 | 2023 | -5.25% | -4.93% | View data |
| 6 | 6 Belgium | 4.94 | 2023 | -1.36% | -1.59% | View data |
| 7 | 7 Spain | 4.92 | 2023 | +0.78% | +0.76% | View data |
| 8 | 8 Slovakia | 4.78 | 2023 | +1.09% | +0.99% | View data |
| 9 | 9 Czechia | 4.06 | 2023 | |||
| 10 | 10 Italy | 3.79 | 2023 | -7.93% | -7.43% | View data |
