# Global Grain oriented electrical steel Market 2026

> World exports of grain oriented electrical steel (HS 722611) reached $757.2 million in 2024, 47% more than in 2019. China was the largest exporter with 14% of the world total, and Spain was the largest buyer.

- Publisher: Stratum Market Research
- Page: https://stratummarketresearch.com/reports/grain-oriented-electrical-steel-market/
- Sector: Industrial & Trade
- Scope: Global
- Updated: 2026-11-09
- Headline figure: 757.2 USD million (World exports, 2024)

## What this market covers

Narrow flat rolled silicon electrical steel with grain orientation.

Segments: Transformer core strip, Laminations steel, Oriented strip, Coated electrical strip.

Typical buyers: Transformer makers, Power equipment makers, Electrical steel processors.

## Key figures

| Figure | Value | Year |
|---|---|---|
| World exports of grain oriented electrical steel (HS 722611) were worth $757.2 million in 2024. | 757.2 USD million | 2024 |
| World exports were 47% higher in 2024 than in 2019 ($514.2 million), calculated from the annual totals. | +47 % since 2019 | 2024 |
| China was the largest exporter in 2024, with 14% of world exports ($103.4 million). | 14 % of world exports | 2024 |
| The three largest exporters, China, Japan and Germany, shipped 39% of world exports in 2024. | 39 % of world exports | 2024 |
| Spain was the largest importer in 2024, buying $59.9 million, or 8% of world imports. | 8 % of world imports | 2024 |
| 26 countries exported more than $1 million of this product in 2024. | 26 countries | 2024 |
| The average world export price was about $2.58 per kilogram in 2024, calculated from value and weight. | 2.58 USD per kg | 2024 |
| Countries exported 293.7 thousand tonnes of this product in 2024. | 293.7 thousand tonnes | 2024 |
| Among the ten largest exporters, the Netherlands grew fastest, with exports up 104% from 2019 to 2024. | +104 % since 2019 | 2024 |

## Why this market is moving now

- World trade grew 47% from 2019 to 2024, a direct read on cross-border demand.
- The Netherlands is gaining ground: its exports rose 104% from 2019 to 2024, the fastest among the ten largest exporters.

## Largest exporting countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | China | 103.4 |
| 2 | Japan | 99.9 |
| 3 | Germany | 88.3 |
| 4 | Netherlands | 78.9 |
| 5 | France | 71.9 |
| 6 | United States | 43.6 |
| 7 | Austria | 36.0 |
| 8 | Malaysia | 29.8 |
| 9 | Poland | 24.2 |
| 10 | Italy | 22.4 |

## Largest importing countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | Spain | 59.9 |
| 2 | United States | 58.6 |
| 3 | Poland | 53.1 |
| 4 | Canada | 46.1 |
| 5 | China | 43.6 |
| 6 | Germany | 42.0 |
| 7 | Ireland | 37.1 |
| 8 | Hungary | 31.7 |
| 9 | Italy | 28.9 |
| 10 | Lebanon | 24.1 |

## World exports of HS 722611, USD million

| Year | Value |
|---|---|
| 2017 | 517.7 |
| 2018 | 570.2 |
| 2019 | 514.2 |
| 2020 | 482.3 |
| 2021 | 730.9 |
| 2022 | 959.5 |
| 2023 | 991.1 |
| 2024 | 757.2 |

## Questions and answers

### How big is the global grain oriented electrical steel market?

There is no single official market total. World exports of HS 722611 reached $757.2 million in 2024, a direct measure of cross-border trade.

### Which countries export the most grain oriented electrical steel?

China led world exports in 2024 with 14% of the total, followed by Japan, Germany and the Netherlands.

### Which countries import the most grain oriented electrical steel?

Spain was the largest importer in 2024, followed by the United States, Poland and Canada.

### Is world trade in grain oriented electrical steel growing?

World exports were 47% higher in 2024 than in 2019.

### What is the average export price of grain oriented electrical steel?

Dividing world export value by weight gives about $2.58 per kilogram in 2024.

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## How to cite

Stratum Market Research, "Global Grain oriented electrical steel Market 2026", updated 9 Nov 2026, https://stratummarketresearch.com/reports/grain-oriented-electrical-steel-market/