The global export of hot rolled stainless steel sheets (width < 600 mm, thickness < 4.75 mm) is dominated by China, constituting 48.25% of the market in 2023, with a year-on-year growth of 3.83%. The United States and Italy follow with respective shares of 16.31% and 7.76%. Others, like Malaysia and Indonesia, show significant growth, while countries like South Korea and Germany face declines. Notable growths in Croatia and Slovakia contrast with significant drops in the Netherlands and Japan.
Future trends to watch include:
- China's continued dominance and potential expansion strategies.
- Emerging markets in Southeast Asia, spurred by infrastructural developments.
- The impact of trade policies and tariffs, especially concerning steel exports.
- Technological advancements in production processes helping other nations increase their market shares.
Top countries in Export of Hot Rolled Stainless Steel Sheet of a Width Less Than 600 mm, Thickness Less Than 4.75 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 48.25 | 2023 | +3.83% | +3.83% | View data |
| 2 | 2 United States | 16.31 | 2023 | +3.26% | +1.7% | View data |
| 3 | 3 Italy | 7.76 | 2023 | +3.94% | +3.72% | View data |
| 4 | 4 Germany | 3.98 | 2023 | -1.37% | -2.56% | View data |
| 5 | 5 Belgium | 3.14 | 2023 | +0.59% | +2.71% | View data |
| 6 | 6 South Korea | 2.27 | 2023 | -5.28% | -6.9% | View data |
| 7 | 7 United Kingdom | 2.23 | 2023 | +1.92% | +3.07% | View data |
| 8 | 8 Malaysia | 1.95 | 2023 | -2.29% | +9.65% | View data |
| 9 | 9 India | 1.76 | 2023 | +3.38% | +4.59% | View data |
| 10 | 10 Singapore | 1.58 | 2023 | -0.67% | +1.76% | View data |
