In 2023, Kuwait led global exports of stainless steel pipe or tubing, except cold rolled, with significant contributions from Japan and Sweden. While most European countries exhibited a decline, South Africa, Saudi Arabia, and Malaysia achieved notable year-on-year growth in volumes, indicating a potential shift in market dynamics. Remarkably, Namibia and Bosnia and Herzegovina saw extraordinary increases, albeit from much smaller bases. Conversely, large European players such as the United Kingdom and Italy faced steep declines. Over the last five years, the market experienced moderate fluctuations, with Asia showing more resilience due to rising industrial demands in the region.
Looking forward, global trends suggest a potential increase in demand driven by infrastructure projects and industrialization in emerging markets. Attention should be given to the stability of European markets post-decline and the expansion capabilities in Asian and African countries, which may offer new growth opportunities. Additionally, sustainability initiatives and technological innovations will likely influence future export patterns.
Top countries in Export of Stainless Steel Pipe or Tubing, Except Cold Rolled by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kuwait | 25,191,000 | 2023 | +6.55% | +3.37% | View data |
| 2 | 2 Japan | 19,526,000 | 2023 | +0.18% | -0.88% | View data |
| 3 | 3 Sweden | 18,474,000 | 2023 | -1.12% | -0.61% | View data |
| 4 | 4 Spain | 18,171,000 | 2023 | -0.28% | -1.96% | View data |
| 5 | 5 Germany | 13,558,000 | 2023 | -2.45% | -1.76% | View data |
| 6 | 6 China | 13,356,000 | 2023 | +5.03% | +3.06% | View data |
| 7 | 7 France | 12,100,000 | 2023 | -7.52% | -6.08% | View data |
| 8 | 8 Ukraine | 11,916,000 | 2023 | +2.3% | +1.91% | View data |
| 9 | 9 Costa Rica | 8,883,000 | 2023 | +6.52% | +0.52% | View data |
| 10 | 10 South Korea | 8,317,800 | 2023 | +0.064% | +0.93% | View data |
