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World - Crude Steel And Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Crude Steel And Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Dec 11, 2023

Best Import Markets for Raw Steel and Steel Semi-Finished Products

Raw steel and steel semi-finished products are essential materials in various industries and construction projects. The global demand for these products has been steadily increasing, leading to a thriving import market. In this article, we will explore the world's best import markets for raw steel and steel semi-finished products, backed by data from the IndexBox market intelligence platform.

1. China

China holds the top position as the largest import market for raw steel and steel semi-finished products, with an import value of $7.9 billion in 2022. The country's booming construction industry and infrastructure projects fuel the demand for steel imports. Chinese manufacturers also rely on imported steel to meet the needs of their production lines. The steady growth in China's import market makes it an attractive destination for global steel exporters.

2. United States

The United States ranks second in terms of import value for raw steel and steel semi-finished products, with a total of $4.4 billion in 2022. The U.S. construction industry is a major consumer of steel, as it encompasses residential, commercial, and infrastructure projects. With a robust manufacturing sector, the country requires steel imports to cater to its diverse industrial needs. Moreover, the U.S. automotive industry contributes significantly to the demand for steel, strengthening its position as an important import market.

3. Turkey

Turkey has emerged as a key player in the global import market for raw steel and steel semi-finished products, with an import value of $3.3 billion in 2022. The country's construction sector has experienced substantial growth, driving the demand for steel imports. Additionally, Turkey's strategic geographical location allows it to serve as a hub for trade between Europe, Asia, and the Middle East. This advantage has further boosted its import market for steel products.

4. Italy

Italy is another significant import market for raw steel and steel semi-finished products, with an import value of $3.1 billion in 2022. The Italian manufacturing sector relies heavily on steel imports to support its production lines. The country's automotive industry, machinery manufacturing, and construction projects are major consumers of steel. Italy's strong demand for steel products positions it as a lucrative market for global steel exporters.

5. Taiwan (Chinese)

Taiwan holds a prominent position in the global import market for raw steel and steel semi-finished products, with an import value of $2.8 billion in 2022. The country's steel industry plays a crucial role in supporting its export-oriented manufacturing sector. Steel imports are essential to meet the demands of Taiwan's electronics, machinery, and automobile industries. Furthermore, the government's infrastructure development initiatives contribute to the steady growth of the import market for steel products in Taiwan.

6. Indonesia

Indonesia's import market for raw steel and steel semi-finished products is valued at $2.4 billion in 2022. The country's construction and infrastructure projects are key factors driving the demand for steel imports. Additionally, Indonesia's manufacturing sector, which includes automotive, machinery, and consumer goods production, relies on steel imports. The government's efforts to boost industrialization and economic growth further contribute to the growth of Indonesia's import market for steel products.

7. Thailand

Thailand's import market for raw steel and steel semi-finished products reached $1.8 billion in 2022. The country's construction industry is a major consumer of steel, driven by infrastructure development projects. Thailand's automotive industry, electronic sector, and machinery manufacturing also contribute to the demand for steel imports. Furthermore, Thailand's strategic location in Southeast Asia and its robust trade relations make it an attractive market for steel exporters.

8. Philippines

The Philippines, with an import value of $1.6 billion in 2022, is an emerging player in the global import market for raw steel and steel semi-finished products. The country's construction and infrastructure projects, along with its manufacturing sector, drive the demand for steel imports. The Philippinesstrong economic growth and increasing urbanization further boost the import market for steel products.

9. France

France holds a prominent position in the global import market for raw steel and steel semi-finished products, with an import value of $1.5 billion in 2022. The country's manufacturing sector, which includes automotive, machinery, and construction industries, heavily relies on steel imports. France's well-developed infrastructure and advanced manufacturing capabilities contribute to its strong demand for steel products, making it an attractive market for steel exporters.

10. Belgium

Belgium's import market for raw steel and steel semi-finished products is valued at $1.3 billion in 2022. The country's steel processing and manufacturing industry heavily rely on steel imports to support their operations. Belgium serves as a key distribution hub for steel in Europe, making it a vital market for global steel exporters. The country's strategic location and well-connected transportation networks further enhance its import market for steel products.

As demonstrated by the data from the IndexBox market intelligence platform, the top import markets for raw steel and steel semi-finished products are spread across various regions. These countriesstrong demand for steel is primarily driven by infrastructure projects, construction industries, and manufacturing sectors. Understanding the import market dynamics and key statistics can help steel exporters identify lucrative opportunities and make informed business decisions.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
  • Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
  • Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
  • Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
  • Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
  • Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
  • Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
  • Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
  • Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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