In 2023, China dominated the global exports of hot rolled stainless steel in coils, exceeding its closest competitor, Belgium, by a significant margin. Germany showed remarkable growth in this sector with a year-on-year increase of 205.01%, reflecting a burgeoning production capacity or strategic shifts in trade policy. Indonesia also experienced a notable growth of 13.96%. However, traditional steel exporters like Sweden and Denmark suffered declines of -16.99% and -17.02%, respectively. Long-term trends over the last five years highlight China's steady increase, while Luxembourg and South Korea maintained modest growth rates.
Future trends to watch include technological advancements in production, trade policies shaping steel exports, and the impact of environmental regulations. Monitoring these dynamics will be crucial for stakeholders to understand potential shifts in market leadership and opportunities for emerging players like Poland and Indonesia.
Top countries in Export of Hot Rolled Stainless Steel in Coils of a Width of 600 mm or More, Thickness More Than 10 mm by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 43,744,000 | 2023 | +4.1% | +3.2% | View data |
| 2 | 2 Belgium | 18,140,000 | 2023 | -1.25% | -1.18% | View data |
| 3 | 3 Germany | 11,606,000 | 2023 | +2.78% | +205.01% | View data |
| 4 | 4 South Korea | 9,743,600 | 2023 | +4.31% | +4.97% | View data |
| 5 | 5 Luxembourg | 6,296,900 | 2023 | +3.69% | +4.91% | View data |
| 6 | 6 South Africa | 5,478,700 | 2023 | +2.8% | +4.17% | View data |
| 7 | 7 Indonesia | 4,001,800 | 2023 | +3.43% | +13.96% | View data |
| 8 | 8 Sweden | 2,110,600 | 2023 | -21.87% | -16.99% | View data |
| 9 | 9 United States | 2,038,200 | 2023 | -2.2% | +1.69% | View data |
| 10 | 10 Malaysia | 505,640 | 2023 | +0.25% | -2.7% | View data |
