In 2023, South Korea led the global export market for flat rolled silicon-electrical steel, capturing 20.67% of the market, followed closely by China with 19.22%. Notable growth was seen in Austria and India, with gains of 6.35% and 7.39%, respectively. While Japan experienced a decline of 5.56%, it still accounted for 14.02% of exports. Russia, Germany, and Poland exhibited moderate growth, with variations less than 5%. Meanwhile, significant declines occurred in the United States and Brazil, with decreases of 49.19% and 6.32%, respectively.
Future trends to watch include:
- Potential shifts in market share due to geopolitical factors affecting major exporters like China, Russia, and South Korea.
- Technological advancements influencing production efficiency in emerging markets such as India and Poland.
- Environmental regulations may impact export volumes and require adaptation from top exporters.
Top countries in Export of Flat Rolled Silicon-Electrical Steel of a Width of 600 mm or More Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 20.67 | 2023 | +2.43% | +2.45% | View data |
| 2 | 2 China | 19.22 | 2023 | +4.19% | +3.8% | View data |
| 3 | 3 Japan | 14.02 | 2023 | -3.24% | -5.56% | View data |
| 4 | 4 Russia | 11.72 | 2023 | +0.81% | +0.81% | View data |
| 5 | 5 Germany | 9.9 | 2023 | -1.57% | -0.89% | View data |
| 6 | 6 Austria | 4.04 | 2023 | +4.08% | +6.35% | View data |
| 7 | 7 France | 3.71 | 2023 | +0.87% | +0.78% | View data |
| 8 | 8 India | 3.46 | 2023 | +5.61% | +7.39% | View data |
| 9 | 9 Poland | 3.18 | 2023 | +2.83% | +4.14% | View data |
| 10 | 10 Czech Republic | 1.58 | 2023 | +2.08% | +2.76% | View data |
