In 2023, China led the global export market for hot rolled stainless steel in coils, capturing a significant share of 33.58%, followed by Belgium and South Korea with shares of 22.27% and 12.29%, respectively. Significant variations were recorded, with the United States seeing an 8.92% increase, while Japan faced a decrease of 1.87%. The Netherlands experienced a decline of 6.65%, making it an outlier among top exporting countries. Minor exporters, like Croatia, saw substantial growth of 77.55%, although from a much lower base. The overall exports increased with varied year-on-year percentage changes reflecting market dynamics.
Future trends to watch include potential shifts in production due to geopolitical factors, changes in raw material availability, and environmental regulations possibly influencing the supply chain and market demand dynamics. Emerging economies could further alter the competitive landscape with increased exports, driven by industrial growth and strategic trade policies.
Top countries in Export of Hot Rolled Stainless Steel in Coils of a Width of 600 mm or More, Thickness of 4.75-10 mm Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.58 | 2023 | +3.29% | +5.34% | View data |
| 2 | 2 Belgium | 22.27 | 2023 | +0.26% | +4.14% | View data |
| 3 | 3 South Korea | 12.29 | 2023 | +3.27% | +2.18% | View data |
| 4 | 4 Finland | 8.54 | 2023 | +2.42% | +2.52% | View data |
| 5 | 5 Sweden | 6.8 | 2023 | +1.37% | +2.88% | View data |
| 6 | 6 United States | 5.06 | 2023 | +3.88% | +8.92% | View data |
| 7 | 7 Spain | 4.62 | 2023 | +3.41% | +3.42% | View data |
| 8 | 8 South Africa | 3.04 | 2023 | +1.2% | +3.88% | View data |
| 9 | 9 Japan | 2.27 | 2023 | -0.18% | -1.87% | View data |
| 10 | 10 India | 0.74 | 2023 | +3.07% | +6.37% | View data |
