The global export market for hot rolled stainless steel, not in coils, has seen significant shifts among leading countries. Slovenia, Belgium, and Sweden dominate the market, representing the largest shares in 2024. Slovenia experienced modest growth, while Belgium and Sweden faced slight declines. Notably, Germany and China saw mixed trends, with Germany’s market experiencing minor growth and China's slightly declining. India showed impressive growth, counterbalancing several other countries' declining shares, like Japan's and South Korea's.
Noteworthy variations in 2023 include Poland's significant increase, fueled by a 12.35% year-on-year improvement, and dramatic surges for Saudi Arabia and Oman. In contrast, the United Kingdom and numerous others deteriorated. Longer-term analysis indicates notable contractions from countries such as the United Kingdom and Finland, while Denmark, Lithuania, and Oman showed resilience with substantial growth.
Future trends to watch include potential shifts influenced by emerging policies on sustainable steel production and trade regulations. Additionally, as environmental and cost pressures mount, countries may see fluctuations in export dynamics, impacting the existing market leaders.
Top countries in Export of Hot Rolled Stainless Steel Not in Coils of a Width of 600 mm or More, Thickness More Than 10 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 16.05 | 2023 | +0.84% | +0.78% | View data |
| 2 | 2 Belgium | 16.03 | 2023 | -1.19% | -2.2% | View data |
| 3 | 3 Sweden | 15.32 | 2023 | -0.24% | -1.75% | View data |
| 4 | 4 Germany | 6.81 | 2023 | +1.36% | +0.82% | View data |
| 5 | 5 China | 6.78 | 2023 | -0.96% | -2.41% | View data |
| 6 | 6 France | 5.61 | 2023 | -0.66% | -0.29% | View data |
| 7 | 7 Japan | 5.57 | 2023 | -3.37% | -3.03% | View data |
| 8 | 8 India | 5.45 | 2023 | +4.06% | +4.04% | View data |
| 9 | 9 Spain | 4.89 | 2023 | -1.85% | -2.33% | View data |
| 10 | 10 South Korea | 4.61 | 2023 | +0.78% | +0.66% | View data |
