Global Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size

In 2021, the global stainless steel angle market decreased by -0.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production

In value terms, stainless steel angle production declined to $X in 2021 estimated in export price. Overall, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. Global production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Stainless Steel Angle Exports

Exports

In 2021, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel decreased by -21.8% to X tons, falling for the sixth consecutive year after four years of growth. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 24%. Over the period under review, the global exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports expanded significantly to $X in 2021. Over the period under review, exports continue to indicate a noticeable decrease. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 65% of total exports in 2021. It was distantly followed by India (X tons), committing a 5.1% share of total exports. The following exporters - Russia (X tons), the UK (X tons), South Korea (X tons), Italy (X tons), Germany (X tons) and Sweden (X tons) - together made up 18% of total exports.

From 2012 to 2021, average annual rates of growth with regard to stainless steel angle exports from China stood at -10.0%. At the same time, Italy (+9.9%), Russia (+6.5%), India (+5.8%), South Korea (+4.1%) and Germany (+1.3%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.9% from 2012-2021. Sweden experienced a relatively flat trend pattern. By contrast, the UK (-7.5%) illustrated a downward trend over the same period. While the share of India (+3.6 p.p.), Russia (+3.2 p.p.), Italy (+2 p.p.) and South Korea (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-16.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel angle supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by India ($X), with an 11% share of global exports. It was followed by Germany, with a 9.1% share.

In China, stainless steel angle exports shrank by an average annual rate of -8.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+5.0% per year) and Germany (+1.9% per year).

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2021, surging by 44% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other global leaders experienced mixed trends in the export price figures.

Stainless Steel Angle Imports

Imports

In 2021, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 20%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of global imports failed to regain momentum.

In value terms, stainless steel angle imports soared to $X in 2021. Over the period under review, imports, however, showed a perceptible contraction. Over the period under review, global imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons), Malaysia (X tons), Mexico (X tons), Canada (X tons), the United States (X tons), Vietnam (X tons), Bangladesh (X tons), Nigeria (X tons), Indonesia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and the Philippines (X tons) represented the key importer of angles, shapes and sections of stainless steel or other alloy steel in the world, constituting 58% of total import. Australia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +38.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 19% share of global imports. Mexico, Malaysia, Vietnam, Australia, Turkey, Indonesia, the United Arab Emirates, the Philippines, Nigeria and Bangladesh lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, the Philippines, with a CAGR of +24.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, growing by 18% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel angle import price increased by +112.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 44%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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