In 2023, China, Italy, and South Korea led global exports of hot-rolled bars and rods of stainless steel, accounting for 19.63%, 11.93%, and 11.58% respectively. Key annual growth trends show substantial increases for Malaysia at 53.97% and Canada at 21.8%, while nations like Germany and Austria experienced declines of 3.27% and 14.23% respectively. Over the past five years, India showed strong growth, while some mature markets displayed minimal fluctuations or declines, demonstrating dynamic changes in market share distribution.
Future trends to watch include the continued expansion of Asian markets, driven by increasing industrial demand and infrastructural development. Sustainable manufacturing practices and shifting global supply chains may also affect traditional exporters in Europe and North America as variabilities in demand for stainless steel products continue to evolve.
Top countries in Export of Hot-Rolled Bars and Rods of Stainless Steel in Irregularly Wound Coils Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19.63 | 2023 | +3.62% | +2.47% | View data |
| 2 | 2 Italy | 11.93 | 2023 | +1.18% | +1.62% | View data |
| 3 | 3 South Korea | 11.58 | 2023 | +2.07% | +1.37% | View data |
| 4 | 4 Japan | 10.79 | 2023 | -0.62% | -0.24% | View data |
| 5 | 5 France | 10.15 | 2023 | +0.07% | +0.43% | View data |
| 6 | 6 Spain | 9.79 | 2023 | +1.86% | +1.76% | View data |
| 7 | 7 India | 6.12 | 2023 | +0.22% | +2.49% | View data |
| 8 | 8 Sweden | 5.57 | 2023 | +1.09% | +0.85% | View data |
| 9 | 9 Singapore | 4 | 2023 | -0.39% | +1.83% | View data |
| 10 | 10 United States | 2.13 | 2023 | +1.98% | +4.39% | View data |
