Which Country Exports the Most Silicon-Electrical Steel Flat-Rolled Products in the World?
Basic Iron And Steel May 28, 2018
In 2016, approx. 47M tonnes of silicon-electrical steel flat-rolled product were exported worldwide; jumping by 2% against the previous year figure. Overall, silicon-electrical steel flat-rolled product exports continue to indicate a strong growth. The growth pace was the most rapid in 2014, when export increased by 46% year-to-year. Over the period under review, global silicon-electrical steel flat-rolled product exports attained its maximum volume in 2016, and are expected to retain its growth in the near future.
In value terms, silicon-electrical steel flat-rolled product exports stood at $27B in 2016. Overall, it indicated a moderate increase from 2007 to 2016: the total exports value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, silicon-electrical steel flat-rolled product exports decreased by -14.9% against its level of 2014. Over the period under review, global silicon-electrical steel flat-rolled product exports reached its maximum level of $32B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Silicon-Electrical Steel Flat-Rolled Product Exporting Countries in the World
1. China (7.6 billion USD)
2. Japan (4.2 billion USD)
3. Germany (2.4 billion USD)
4. France (1.8 billion USD)
5. Belgium (1.7 billion USD)
6. South Korea (1.6 billion USD)
7. Austria (1.3 billion USD)
8. USA (1.2 billion USD)
9. Sweden (1.0 billion USD)
10. Netherlands (0.8 billion USD)
Silicon-Electrical Steel Flat-Rolled Product Exports By Country
China (21M tonnes) was the key exporter of silicon-electrical steel flat-rolled product in the world, finishing at 21M tonnes, which was approx. 44% of total exports in 2016. Japan (6.1M tonnes) ranks second globally in silicon-electrical steel flat-rolled product exports with a 13% share, following Germany (7%), France (6%), South Korea (5%), and Belgium (5%). Austria (1.7M tonnes), the U.S. (1.4M tonnes), the Netherlands (1.2M tonnes), and Sweden (972K tonnes) followed a long way behind this figure.
China was also the fastest growing in terms of the silicon-electrical steel flat-rolled product exports, with a CAGR of +42.2% from 2007 to 2016. At the same time, Austria (+23.0%), South Korea (+17.3%), Belgium (+15.1%), the U.S. (+11.2%), the Netherlands (+7.7%), Japan (+5.1%), and Germany (+4.6%) displayed positive paces of growth. By contrast, Sweden (-2.6%), and France (-4.2%) illustrated a downward trend over the same period. While the share of France (3%) increased significantly, the share of the U.S. (-1.8%), Germany (-2.2%), Austria (-3.1%), Belgium (-3.3%), South Korea (-3.8%), Japan (-4.7%), and China (-42.6%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($7.6B), Japan ($4.2B) and Germany ($2.4B) were the countries with the highest levels of exports in 2016, with a combined 53% share of global exports.
China (+32.6% per year) experienced the highest rates of growth with regard to the silicon-electrical steel flat-rolled product exports, in terms of the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Silicon-Electrical Steel Flat-Rolled Product Export Prices By Country
The average silicon-electrical steel flat-rolled product export price stood at $571 per tonne in 2016, reducing by -7.6% against the previous year. In general, silicon-electrical steel flat-rolled product export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2008, when it surged by 20% from the previous year level. In that year, average silicon-electrical steel flat-rolled product export price reached its maximum level of $1,318 per tonne. From 2009 to 2016, growth of average silicon-electrical steel flat-rolled product export price failed to regain its strength.
Export prices varied noticeably by country of destination. the country with the highest export prices was Sweden ($1,047 per tonne), while China ($363 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of silicon-electrical steel flat-rolled product export prices was attained by France (-2.2% per year), while the other global leaders experienced a decline in the export price figures.
Do you want to know more about global silicon-electrical steel flat-rolled product market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- silicon-electrical steel flat-rolled product market share
- silicon-electrical steel flat-rolled product prices
- silicon-electrical steel flat-rolled product industry
- silicon-electrical steel flat-rolled product sales
- silicon-electrical steel flat-rolled product import
- silicon-electrical steel flat-rolled product export
- silicon-electrical steel flat-rolled product market forecast
- silicon-electrical steel flat-rolled product price forecast
- key silicon-electrical steel flat-rolled product producers
All data provided in this article covers the following product: HS Code 7225 - Alloy steel flat-rolled products, of a width 600mm or more.
