In 2023, Slovenia, Belgium, and Sweden led global exports of hot rolled stainless steel not in coils, with shares of 15.45%, 15.15%, and 13.04% respectively. China and India followed, experiencing 0.56% and 4.85% growths in export volume. Notable growth was seen in Oman with a significant rise of 152.67%, marking it as an emerging player in the market. The United Kingdom witnessed a sharp decline of 35.1% over the year. Export growth variances highlight dynamic shifts in international trade patterns for stainless steel products.
Looking forward, continued growth in the Asian markets, with India and China at the forefront, will remain a trend to watch. Additionally, the resurgence in Oman's export market could signal competitive shifts beyond traditional European dominance. Monitoring technological advancements and shifts in supply chain strategies will be critical as these factors could influence future export dynamics in this sector.
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 (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 15.45 | 2023 | +1.89% | +2.62% | View data |
| 2 | 2 Belgium | 15.15 | 2023 | +0.45% | +0.49% | View data |
| 3 | 3 Sweden | 13.04 | 2023 | +1.44% | +1.15% | View data |
| 4 | 4 China | 8.27 | 2023 | +0.99% | +0.56% | View data |
| 5 | 5 India | 6.46 | 2023 | +4.12% | +4.85% | View data |
| 6 | 6 Japan | 5.47 | 2023 | -1.2% | -0.17% | View data |
| 7 | 7 South Korea | 5.05 | 2023 | +1.96% | +2.43% | View data |
| 8 | 8 Germany | 5 | 2023 | +1.65% | +1.84% | View data |
| 9 | 9 Spain | 4.93 | 2023 | -0.58% | +0.006% | View data |
| 10 | 10 France | 4.76 | 2023 | +2.23% | +1.12% | View data |
