# HS 720521 Alloy Steel Powders global trade data overview...

Reported global trade in alloy steel powders reached $758.0M in 2024, with five-year annual growth of +2.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $613.8M | +0.9% | +11.1% |
| 2014 | $630.5M | +2.7% | +1.3% |
| 2015 | $567.5M | -10% | -2.3% |
| 2016 | $536.9M | -5.4% | -4.4% |
| 2017 | $631.0M | +17.5% | +0% |
| 2018 | $744.4M | +18% | +9.5% |
| 2019 | $671.5M | -9.8% | +7.7% |
| 2020 | $629.7M | -6.2% | -0.1% |
| 2021 | $856.0M | +35.9% | +4.8% |
| 2022 | $909.3M | +6.2% | +10.6% |
| 2023 | $808.1M | -11.1% | +8.7% |
| 2024 | $758.0M | -6.2% | -4% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $151.8M | +5.6% | 29 |
| USA | $106.6M | +1.7% | 26 |
| Germany | $86.1M | -1% | 32 |
| Republic of Korea | $69.4M | +0.6% | 25 |
| Japan | $54.5M | +3.3% | 27 |
| Spain | $27.5M | +9.9% | 22 |
| United Kingdom | $25.1M | -2% | 26 |
| Taiwan | $24.9M | -3.8% | 18 |
| Mexico | $20.0M | +40.7% | 20 |
| India | $17.4M | +6.3% | 18 |
| Thailand | $16.9M | +1.3% | 25 |
| Philippines | $14.9M | +27% | 10 |

_Source: reported merchandise trade data. Updated 2026-08-14._