Which Country Imports the Most Stainless Steel in the World?

Basic Iron And Steel May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global stainless steel angle imports totaled 2.4M tonnes in 2016, waning by -2.1% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. The most prominent rate of growth was recorded in 2014, when import increased by 7% year-to-year. Global stainless steel angle import peaked of 2.9M tonnes in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, stainless steel angle imports stood at $4.5B in 2016. Overall, stainless steel angle imports continue to indicate a deep decrease. Global stainless steel angle import peaked of $7.6B in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

Top Stainless Steel Angle Importing Countries in the World

1. Germany (636.1 million USD)

2. USA (478.3 million USD)

3. Italy (246.0 million USD)

4. China (226.2 million USD)

5. United Kingdom (179.1 million USD)

6. France (170.8 million USD)

7. South Korea (153.8 million USD)

8. Turkey (87.3 million USD)

9. Spain (81.8 million USD)

10. India (71.6 million USD)

11. Japan (54.6 million USD)

12. Ukraine (14.2 million USD)

Stainless Steel Angle Imports By Country

The imports of the three major importers of stainless steel angle, namely India, Italy, and Germany, represented more than third of total import. Spain (147K tonnes) ranks second globally in stainless steel angle imports with a 6% share, following the U.S. (5%). France (98K tonnes), China (78K tonnes), Japan (68K tonnes), South Korea (56K tonnes), Ukraine (55K tonnes), the UK (50K tonnes), and Turkey (44K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of stainless steel angle imports, among the main importing countries, was attained by South Korea (+2.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($636M), the U.S. ($478M) and Italy ($246M) appeared as the countries with the highest levels of imports in 2016, together accounting for 30% of global imports.China, the UK, France, South Korea, Turkey, Spain, India, Japan and Ukraine lagged somewhat behind, together comprising a further 23%.

Japan (+2.7% per year) experienced the highest growth rate of stainless steel angle imports, among the main importing countries, over the last 9 years, while the other global leaders experienced mixed trends in the imports figures.

Stainless Steel Angle Import Prices By Country

In 2016, the average import price for stainless steel angle amounted to $1,889 per tonne, declining by -12.7% against the previous year. In general, stainless steel angle import price continues to indicate a significant shrinkage. The most prominent rate of growth was recorded in 2010, when import price increased by 39% against the previous year level. Over the period under review, average stainless steel angle import price attained its maximum level of $2,977 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($3,831 per tonne), while India ($218 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of stainless steel angle import prices was attained by Turkey (+24.9% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global stainless steel angle market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • stainless steel angle market share
  • stainless steel angle prices
  • stainless steel angle industry
  • stainless steel angle sales
  • stainless steel angle import
  • stainless steel angle export
  • stainless steel angle market forecast
  • stainless steel angle price forecast
  • key stainless steel angle producers

All data provided in this article covers the following product: HS Code 7222 - Stainless steel bars and rods, angles, shapes and sections.

Source: World: Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Report. Analysis and Forecast to 2025