Rectangular stainless ingot trade by country: top importers, exporters and prices
World trade in rectangular stainless ingot was worth $2.52 billion in 2024, about 1.09 million tonnes. That is an increase of 115% since 2017, and down 11% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.52B | 1.09M t |
| 2023 | $2.82B | 1.22M t |
| 2022 | $2.63B | 885.3K t |
| 2021 | $1.75B | 713.1K t |
| 2020 | $615.8M | 312.4K t |
| 2019 | $859.5M | 423.5K t |
| 2018 | $1.17B | 588.6K t |
| 2017 | $1.17B | 629.1K t |
Top rectangular stainless ingot exporting countries
Exports are led by Indonesia (65%), the United Kingdom (25%) and Sweden (3%). 65 countries reported exports, and the top three account for 93%.
| Exporter | Value | Share |
|---|---|---|
| Indonesia | $1.64B | 65% |
| United Kingdom | $621.8M | 25% |
| Sweden | $77.8M | 3.1% |
| Belgium | $55.1M | 2.2% |
| Germany | $39.4M | 1.6% |
| France | $19.1M | 0.8% |
| Canada | $11.6M | 0.5% |
| Italy | $10.0M | 0.4% |
| Finland | $8.6M | 0.3% |
| South Korea | $5.5M | 0.2% |
| China | $4.0M | 0.2% |
| United States | $3.4M | 0.1% |
Top importing countries and buyer markets
The largest importers are India (34%), Taiwan (17%) and Belgium (16%). 117 countries imported it, and the top three take 67% of the value.
| Importer | Value | Share |
|---|---|---|
| India | $854.5M | 34% |
| Taiwan | $427.2M | 17% |
| Belgium | $412.7M | 16% |
| China | $258.7M | 10% |
| Sweden | $192.4M | 7.6% |
| Italy | $115.9M | 4.6% |
| France | $65.7M | 2.6% |
| United States | $63.2M | 2.5% |
| Germany | $55.7M | 2.2% |
| Austria | $21.0M | 0.8% |
| Spain | $12.7M | 0.5% |
| South Korea | $9.4M | 0.4% |
Average price per kg
The world average declared value was about $2.31 per kg in 2024. Among the main exporters, Italy averaged $4.78 per kg and Indonesia $2.05 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
The shipment records behind Rectangular stainless ingot (HS 7218.91) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7218.91: Steel, stainless: semi-finished products, of rectangular (other than square) cross-section. HS 7218 codes.
Common questions
Which countries export the most rectangular stainless ingot?
Indonesia exported $1.64 billion in 2024, 65% of the world total, followed by the United Kingdom (25%) and Sweden (3%). In all, 65 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most rectangular stainless ingot?
India imported $854.5 million in 2024, 34% of world imports, ahead of Taiwan (17%) and Belgium (16%). The top three importers together take 67%. Each country with its own page is linked from the table.
How big is the world trade in rectangular stainless ingot?
It was worth $2.52 billion in 2024, about 1.09 million tonnes. That is an increase of 115% since 2017. The peak year was 2023 at $2.82 billion. 65 countries reported exports and 117 reported imports.
What is the average price of rectangular stainless ingot per kg?
The world average declared value was about $2.31 per kg in 2024. Among the main exporters, Italy averaged $4.78 per kg and Indonesia $2.05 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for rectangular stainless ingot?
The HS code for rectangular stainless ingot is subheading 7218.91, in chapter 72 (iron and steel). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7218 page.
How can I find rectangular stainless ingot buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading rectangular stainless ingot, from direct customs feeds and mirror data. Tell us your markets to see them live.
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