The Estonian market for Stainless Steel Flat-Rolled Products at least 600 mm in width, not further worked than cold-rolled, stood at 8.1377 million kilograms in 2023. Over the past decade, the market has seen periods of growth with some fluctuations, particularly a decline in 2019 followed by a significant increase in 2020. The average annual growth rate (CAGR) over the last five years has been 8.73%, indicating a healthy expansion trend. Year-on-year growth has been consistent with a slight deceleration in recent years. In 2023, growth continued at a steady pace of 3.59% from the previous year.
Future trends to watch include potential impacts of shifting global supply chains, technological advancements in manufacturing processes, and environmental regulations affecting stainless steel production. Additionally, economic conditions and infrastructure investments in Estonia and the broader European region may influence future demand levels.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 137,670,000 | 2023 | -1.81% | +0.95% | View data |
| 2 | 2 Czech Republic | 117,330,000 | 2023 | +6.26% | +0.99% | View data |
| 3 | 3 Hungary | 50,077,000 | 2023 | +2.68% | +3.05% | View data |
| 4 | 4 Denmark | 48,628,000 | 2023 | +1.39% | +2.08% | View data |
| 5 | 5 Estonia | 8,137,700 | 2023 | +3.59% | +8.73% |
