In 2023, China led the global export market for hot rolled stainless steel in coils of a width of 600 mm or more, and thickness more than 10 mm, with exports amounting to $89.739 million, marking a 1.96% increase year-on-year. Belgium, despite a decrease of -3.51%, held the second position at $42.128 million. Noteworthy increases were seen in Indonesia (9.09%) and Germany (86.65%), while Sweden (-24.15%) and Switzerland (-39.56%) experienced significant declines. The five-year CAGR shows varied growth: China maintained moderate growth, while countries like Germany showed substantial potential for expansion.
Future trends to watch include the continued expansion in the Asia-Pacific region, where China and Indonesia are likely to enhance their export capabilities. Technological advancements and demand from automotive and construction industries can drive growth. Germany's significant leap in exports suggests increasing competitiveness in Europe, altering traditional market dynamics and creating opportunities for new entrants.
Top countries in Export of Hot Rolled Stainless Steel in Coils of a Width of 600 mm or More, Thickness More Than 10 mm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 89,739,000 | 2023 | +3.57% | +1.96% | View data |
| 2 | 2 Belgium | 42,128,000 | 2023 | -3.29% | -3.51% | View data |
| 3 | 3 South Korea | 24,161,000 | 2023 | +4.27% | +4.25% | View data |
| 4 | 4 Luxembourg | 18,549,000 | 2023 | +3.75% | +4.03% | View data |
| 5 | 5 South Africa | 11,383,000 | 2023 | +2.38% | +1.54% | View data |
| 6 | 6 United States | 8,317,500 | 2023 | -0.94% | -0.33% | View data |
| 7 | 7 Indonesia | 4,887,500 | 2023 | +4.96% | +9.09% | View data |
| 8 | 8 Germany | 4,517,400 | 2023 | -4.5% | +86.65% | View data |
| 9 | 9 Italy | 4,293,500 | 2023 | +1.45% | +3.88% | View data |
| 10 | 10 Sweden | 4,274,100 | 2023 | -32.64% | -24.15% | View data |
