Silicon-electrical Steel Flat-rolled Product Market

Silicon-electrical steel flat-rolled product market: enjoy newly released data empowered by an Ai-driven market research platform. Datasets cover trade, consumption, market size, market prices, exports, imports, production, and companies. Here is a split by region, including Russia, the Middle East, Latin America, EU, China, the U.S., Africa, and the U.K. Market trends and outlook to 2030 are also featured in the dashboards.


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Silicon-electrical Steel Flat-rolled Product - World's Largest Markets

RatingCountry
1China
2Kazakhstan
3India
4Japan
5Germany

In value terms, China led the market, alone. The second position in the ranking was occupied by Kazakhstan. It was followed by India.

From 2019 to 2021, the average annual rate of growth in terms of value in China totaled +13.3%. In the other countries, the average annual rates were as follows: Kazakhstan (+16.0% per year) and India (+4.4% per year).

Silicon-Electrical Steel Flat-Rolled Product Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Turkey731633718-0.9%
Taiwan (Chinese)787731758-1.9%
South Korea971929951-1.0%
Slovenia797746103714.1%
Slovakia92286710868.5%
China1087110811633.4%
Austria99994411808.7%
Romania917889123616.1%
Russia1003872127512.7%
Germany10341009129211.8%
Poland1489134016394.9%
France13461270164110.4%
Japan1467144616656.5%
Average1110104612184.8%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($1,665 per tonne), while Turkey ($718 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Romania, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Canada1809161519493.8%
Germany1256128013965.4%
Italy989916126112.9%
Mexico150510931256-8.6%
Thailand970994119110.8%
Turkey137511441156-8.3%
Czech Republic927881113910.8%
Poland11728571133-1.7%
Vietnam109610711084-0.5%
India107492410800.3%
France8588409706.3%
China896818857-2.2%
Romania6135777238.6%
Average1145106312183.2%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($1,949 per tonne), while Romania ($723 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Silicon-Electrical Steel Flat-Rolled Product - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
India0.70.40.84.6%
Italy0.50.40.722.0%
Mexico0.30.40.645.5%
China0.30.30.3-2.1%
Thailand0.10.20.226.4%

In value terms, the largest silicon-electrical steel flat-rolled product importing markets worldwide were India ($799M), Italy ($684M) and Mexico ($624M), with a combined 38% share of global imports.

Mexico recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Silicon-Electrical Steel Flat-Rolled Product - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Japan0.80.7111.5%
China0.50.50.824.2%
South Korea0.60.50.6-4.0%
Germany0.50.40.68.6%
Russia0.40.30.58.0%

In value terms, Japan ($984M), China ($779M) and South Korea ($561M) constituted the countries with the highest levels of exports in 2021, with a combined 42% share of global exports. Germany, Russia, Taiwan (Chinese), France, Austria, Poland, Romania, Slovakia, Turkey and Slovenia lagged somewhat behind, together comprising a further 45%.

In terms of the main exporting countries, Slovenia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Silicon-Electrical Steel Flat-Rolled Product - Market Forecast

Driven by increasing demand for silicon-electrical steel flat-rolled product worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Silicon-Electrical Steel Flat-Rolled Product - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.

Silicon-electrical Steel Flat-rolled Product - Product Coverage

  • HS 722511 - Steel, alloy; flat-rolled, width 600mm or more, of silicon-electrical steel, grain-oriented
  • HS 722519 - Steel, alloy; flat-rolled, width 600mm or more, of silicon-electrical steel, (other than grain-oriented)
  • HS 722611 - Steel, alloy; flat-rolled, width less than 600mm, of silicon-electrical steel, grain-oriented
  • HS 722619 - Steel, alloy; flat-rolled, width less than 600mm, of silicon-electrical steel, other than grain-oriented
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World - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for silicon-electrical steel flat-rolled product.

Latin America and the Caribbean - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Latin America and the Caribbean.

Africa - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Africa.

South-Eastern Asia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in South-Eastern Asia.

Australia and Oceania - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Australia and Oceania.

Eastern Asia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Eastern Asia.

Middle East - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in the Middle East.

Northern America - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Northern America.

Central Asia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Central Asia.

Southern Asia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Southern Asia.

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