In 2023, China dominated the global export market for hot rolled stainless steel in coils, with a market share of 39.08%, followed by Belgium at 18.34% and South Korea at 10.52%. Germany showed an impressive growth of 86.65% year-on-year, indicating a significant boost in its export capabilities. Indonesia followed with a strong increase of 9.09%. On the other hand, Switzerland experienced a sharp decline of 39.56%. The majority of smaller market players, such as Austria and the United Kingdom, saw declines as well, contributing to the shifting landscape of the industry.
Looking forward, stakeholders should monitor the expansion strategies of top exporters like China and South Korea, alongside Germany's increasing influence in the export market. Market players will likely focus on technological advancements and pricing strategies to maintain or increase their market share amid evolving global trade dynamics and potential supply chain disruptions.
Top countries in Export of Hot Rolled Stainless Steel in Coils of a Width of 600 mm or More, Thickness More Than 10 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 39.08 | 2023 | +3.57% | +1.96% | View data |
| 2 | 2 Belgium | 18.34 | 2023 | -3.29% | -3.51% | View data |
| 3 | 3 South Korea | 10.52 | 2023 | +4.27% | +4.25% | View data |
| 4 | 4 Luxembourg | 8.08 | 2023 | +3.75% | +4.03% | View data |
| 5 | 5 South Africa | 4.96 | 2023 | +2.38% | +1.54% | View data |
| 6 | 6 United States | 3.62 | 2023 | -0.94% | -0.33% | View data |
| 7 | 7 Indonesia | 2.13 | 2023 | +4.96% | +9.09% | View data |
| 8 | 8 Germany | 1.97 | 2023 | -4.5% | +86.65% | View data |
| 9 | 9 Italy | 1.87 | 2023 | +1.45% | +3.88% | View data |
| 10 | 10 Sweden | 1.86 | 2023 | -32.64% | -24.15% | View data |
