In 2023, Germany led the global export market for flat rolled silicon-electrical steel of a width less than 600 mm, though it experienced a slight decline. Austria saw notable growth, while Russia and France faced minor contractions. Japan experienced the steepest decline, while Singapore showed positive momentum. Emerging markets like China and the UAE continued to grow, albeit from a smaller base. Conversely, significant declines were recorded in Latin American countries, specifically Brazil and Colombia. Over the past five years, the compound annual growth rate (CAGR) for several countries indicates diverse performances, influenced by global demand and regional market dynamics.
Future trends to watch in this market include technological advancements in steel processing and shifts in global energy policies promoting electric vehicle production. Additionally, trade policies and geopolitical factors will likely impact export patterns, alongside fluctuations in raw material costs and environmental regulations aimed at reducing carbon emissions. Keeping an eye on how major exporters adapt to these changes will be crucial for understanding the future landscape of this industry.
Top countries in Export of Flat Rolled Silicon-Electrical Steel of a Width Less Than 600 mm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 123,710,000 | 2023 | -1.32% | -2.3% | View data |
| 2 | 2 Austria | 100,500,000 | 2023 | +5.37% | +6.06% | View data |
| 3 | 3 Russia | 89,541,000 | 2023 | -0.038% | -1.93% | View data |
| 4 | 4 France | 68,548,000 | 2023 | -1.64% | -2.67% | View data |
| 5 | 5 United States | 47,031,000 | 2023 | -0.25% | -1.91% | View data |
| 6 | 6 China | 41,549,000 | 2023 | +4.65% | +2.2% | View data |
| 7 | 7 Italy | 38,677,000 | 2023 | +0.38% | -1.12% | View data |
| 8 | 8 Romania | 36,295,000 | 2023 | +3.27% | +2.94% | View data |
| 9 | 9 Slovakia | 35,964,000 | 2023 | -0.29% | -1.66% | View data |
| 10 | 10 Slovenia | 32,126,000 | 2023 | +2.15% | +0.92% | View data |
