In 2023, Indonesia will lead the global export of semi-finished stainless steel products, significantly outpacing other countries. The United Kingdom and Sweden rank second and third, respectively. Slovenia and Belgium have shown remarkable year-on-year growth of over 70% and 12%. Conversely, Spain and Saudi Arabia faced notable declines of over 15% and 8%. The broad data reflects diverse growth patterns: while India and Brunei experienced robust growth, countries like Japan and the UAE saw contractions. Observing a five-year trend, many European countries have stable or moderately growing exports, but some smaller markets see significant volatility.
For future trends, watch for continued growth in Asian markets, with Indonesia possibly expanding its lead. Trends in the European market suggest potential consolidation, while opportunities may arise for smaller exporters influenced by evolving global trade policies. Renewable energy growth, changes in tech sectors, and geopolitical shifts could impact traditional and emerging markets in stainless steel production and export.
Top countries in Export of Semi-Finished Products of Stainless Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 651,790,000 | 2023 | +6.49% | +4.12% | View data |
| 2 | 2 United Kingdom | 255,690,000 | 2023 | +0.56% | -0.039% | View data |
| 3 | 3 Sweden | 49,547,000 | 2023 | -1.11% | -2.14% | View data |
| 4 | 4 Belgium | 35,935,000 | 2023 | -4.05% | +12.71% | View data |
| 5 | 5 Slovenia | 32,782,000 | 2023 | +4.5% | +75.32% | View data |
| 6 | 6 South Korea | 24,898,000 | 2023 | +4.64% | +3.45% | View data |
| 7 | 7 India | 24,871,000 | 2023 | +1.3% | +17.09% | View data |
| 8 | 8 Slovakia | 24,516,000 | 2023 | +6.79% | +0.94% | View data |
| 9 | 9 Italy | 16,510,000 | 2023 | -3.49% | -2.51% | View data |
| 10 | 10 Germany | 16,509,000 | 2023 | -2.69% | -3.49% | View data |
