Which Country Exports the Most Iron Bars and Rods in the World?

Basic Iron And Steel May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, approx. 17M tonnes of iron bar were exported worldwide; waning by -8.8% against the previous year figure. In general, iron bar exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2010, an increase of 4% against the previous year level. Global iron bar export peaked of 23M tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, iron bar exports amounted to $7.9B in 2016. Overall, iron bar exports continue to indicate a drastic shrinkage. Global iron bar export peaked of $15B in 2008; however, from 2009 to 2016, it failed to regain its strength.

Top Iron Bar Exporting Countries in the World

1. Germany (939.6 million USD)

2. Japan (704.6 million USD)

3. Spain (505.3 million USD)

4. China (492.7 million USD)

5. Italy (386.2 million USD)

6. Turkey (372.2 million USD)

7. Ukraine (363.8 million USD)

8. Czech Republic (363.7 million USD)

9. South Korea (359.0 million USD)

10. Russia (315.8 million USD)

11. United Kingdom (282.2 million USD)

12. France (270.4 million USD)

Iron Bar Exports By Country

In 2016, Germany (1.9M tonnes), followed by China (1.2M tonnes), Japan (1.1M tonnes), Spain (1.1M tonnes), Turkey (939K tonnes), Russia (926K tonnes), Italy (892K tonnes), Ukraine (868K tonnes), and Czech Republic (814K tonnes) represented the key exporters of iron bar, together making up 57% of total exports. South Korea (765K tonnes), France (586K tonnes), and the UK (566K tonnes) took the minor share of total exports.

From 2007 to 2016, the most notable growth rate of iron bar exports, among the main exporting countries, was attained by Spain (+7.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($940M), Japan ($705M) and Spain ($505M) constituted the countries with the highest levels of exports in 2016, with a combined 27% share of global exports. These countries were followed by China, Italy, Turkey, Ukraine, Czech Republic, South Korea, Russia, the UK and France, which together accounted for a further 40%.

South Korea (+4.1% per year) experienced the highest rates of growth with regard to the iron bar exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Iron Bar Export Prices By Country

In 2016, the average export price for iron bar amounted to $461 per tonne, coming down by -6.5% against the previous year. Overall, iron bar export price continues to indicate a moderate drop. The growth pace was the most rapid in 2010, when export increased by 29% against the previous year level. Global iron bar export peaked of $699 per tonne in 2011; however, from 2012 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was Japan ($621 per tonne), while Russia ($341 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of iron bar export prices was attained by Japan (-1.0% per year), while the other global leaders experienced a decline in the export price figures.

Do you want to know more about global iron bar market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • iron bar market share
  • iron bar prices
  • iron bar industry
  • iron bar sales
  • iron bar import
  • iron bar export
  • iron bar market forecast
  • iron bar price forecast
  • key iron bar producers

All data provided in this article covers the following product: HS Code 7213 - Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils.

Source: World: Bars And Rods Of Iron Or Steel (Hot-Rolled) - Market Report. Analysis and Forecast to 2025