In 2023, China led global exports of hot rolled stainless steel not in coils, followed closely by Belgium and Sweden. While Poland showed remarkable growth with an 11.34% increase, Canada's exports dropped significantly by 12.89%. Notable year-on-year growth was also seen in countries like Slovenia and Ireland with increases of 5.48% and 5.85% respectively. Conversely, the United Kingdom and Ukraine experienced sharp declines, marking -40.76% and -44.31% respectively. The Compound Annual Growth Rate (CAGR) over the past five years suggests moderate fluctuations among key players with China maintaining a steady lead.
Looking ahead, the global market may witness a shift in export shares. Factors to watch include China's policy changes, technological advancements, and eco-friendly initiatives that may impact production. European countries, such as Belgium and Sweden, might enhance their positions through innovation and sustainability practices. Additionally, geopolitical factors and trade policies could influence export dynamics, providing opportunities for growth or challenges in certain regions.
Top countries in Export of Hot Rolled Stainless Steel Not 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 | 15.26 | 2023 | +4.5% | +3.09% | View data |
| 2 | 2 Belgium | 14.1 | 2023 | -0.58% | -0.38% | View data |
| 3 | 3 Sweden | 12.34 | 2023 | +0.83% | +1.65% | View data |
| 4 | 4 Italy | 5.78 | 2023 | +1.03% | +1.16% | View data |
| 5 | 5 South Africa | 5.34 | 2023 | -0.076% | -0.23% | View data |
| 6 | 6 Spain | 5.25 | 2023 | -0.67% | +0.99% | View data |
| 7 | 7 Germany | 4.82 | 2023 | -1.58% | -2.14% | View data |
| 8 | 8 Japan | 4.66 | 2023 | +0.25% | +2.52% | View data |
| 9 | 9 Slovenia | 4.49 | 2023 | +4.63% | +5.48% | View data |
| 10 | 10 United States | 4.42 | 2023 | +0.98% | +2.3% | View data |
