In 2023, China led the global export of hot rolled stainless steel in coils with a value of 905.25 million USD, showing a robust year-on-year growth of 3.78%. Belgium and South Korea followed with exports valued at 621.76 million USD and 274.82 million USD, respectively. Belgium maintained growth at 1.44%, while South Korea showed a modest rise of 0.79%. The United States exhibited significant growth at 7.27%, whereas Finland and Malaysia experienced declines of 0.97% and 1.02%, respectively. Notably, Poland showed the highest growth rate at 11.16%, while Switzerland encountered a sharp decline of -22.39% amid other fluctuating performances.
Future trends to watch include China's continued dominance and potential fluctuations in European markets due to economic variations. Environmental regulations and trade policies may also influence the global dynamics, along with a continued focus on sustainability and innovative production technologies in the stainless steel industry. Additionally, geopolitical tensions and shifts in global trade agreements could further impact the export patterns.
Top countries in Export of Hot Rolled Stainless Steel in Coils of a Width of 600 mm or More, Thickness of 4.75-10 mm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 905,250,000 | 2023 | +2.79% | +3.78% | View data |
| 2 | 2 Belgium | 621,760,000 | 2023 | -0.018% | +1.44% | View data |
| 3 | 3 South Korea | 274,820,000 | 2023 | +2.61% | +0.79% | View data |
| 4 | 4 Sweden | 259,660,000 | 2023 | +1.09% | +1.08% | View data |
| 5 | 5 Finland | 210,460,000 | 2023 | +0.38% | -0.97% | View data |
| 6 | 6 Spain | 153,640,000 | 2023 | +3.29% | +2.19% | View data |
| 7 | 7 United States | 137,480,000 | 2023 | +3.6% | +7.27% | View data |
| 8 | 8 South Africa | 80,919,000 | 2023 | -0.1% | +0.87% | View data |
| 9 | 9 Japan | 55,865,000 | 2023 | -2.32% | +0.13% | View data |
| 10 | 10 Luxembourg | 20,948,000 | 2023 | +1.03% | -0.19% | View data |
