China - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in China - 2023
Contents:
- Iron and Steel Price in China (CIF) - 2023
- Iron and Steel Price in China (FOB) - 2022
- Iron and Steel Imports in China
- Iron and Steel Exports in China
Iron and Steel Price in China (CIF) - 2023
In September 2023, the average iron and steel import price amounted to $1,413 per ton, rising by 92% against the previous month. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in December 2022 an increase of 158% m-o-m. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($2,900 per ton), while the price for Indonesia amounted to $1,389 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Price in China (FOB) - 2022
The average iron and steel export price stood at $689 per ton in 2022, increasing by 29% against the previous year. Overall, the export price showed a notable expansion. The growth pace was the most rapid in 2018 an increase of 92%. Over the period under review, the average export prices attained the maximum at $907 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($983 per ton), while the average price for exports to India ($433 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Iron and Steel Imports in China
In 2022, purchases abroad of iron and steel decreased by -26.7% to 2.9M tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 489% against the previous year. As a result, imports attained the peak of 11M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron and steel imports dropped dramatically to $1.6B in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 428% against the previous year. As a result, imports reached the peak of $4.1B. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Iron and Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 162 | 509 | 307 | 362 | 30.7% |
| Brazil | 40.5 | 739 | 236 | 201 | 70.6% |
| Indonesia | 75.4 | 222 | 72.2 | 99.8 | 9.8% |
| Iran | N/A | N/A | 40.3 | 60.8 | 50.9% |
| India | 30.5 | 181 | 186 | 40.1 | 9.6% |
| Oman | N/A | N/A | 67.8 | 19.6 | -71.1% |
| Kazakhstan | 25.8 | 23.9 | 4.4 | 8.8 | -30.1% |
| Ukraine | 36.7 | 201 | 73.9 | N/A | 41.9% |
| Others | 414 | 2,268 | 1,120 | 828 | 26.0% |
| Total | 784 | 4,143 | 2,107 | 1,620 | 27.4% |
Top Suppliers of Iron and Steel to China in 2022:
- Russia (727.6K tons)
- Brazil (361.3K tons)
- Iran (116.3K tons)
- India (76.8K tons)
- Indonesia (59.4K tons)
- Oman (39.9K tons)
- Kazakhstan (18.5K tons)
Iron and Steel Exports in China
In 2022, iron and steel exports from China soared to 425K tons, increasing by 141% against the year before. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 3,553%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, iron and steel exports skyrocketed to $293M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,481%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Iron and Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 0.8 | 0.4 | 62.7 | 579.3% |
| Japan | N/A | 0.1 | 6.2 | 24.6 | 1468.4% |
| Netherlands | N/A | N/A | N/A | 21.5 | 0% |
| India | N/A | N/A | N/A | 9.7 | 0% |
| South Korea | N/A | N/A | 5.0 | 5.9 | 18.0% |
| Thailand | N/A | N/A | 12.2 | 5.0 | -59.0% |
| Saudi Arabia | N/A | N/A | N/A | 0.6 | 0% |
| Others | 3.2 | 2.7 | 70.8 | 163 | 270.7% |
| Total | 3.4 | 3.7 | 94.6 | 293 | 341.7% |
Top Export Markets for Iron and Steel from China in 2022:
- United States (72.7K tons)
- Japan (45.0K tons)
- India (22.5K tons)
- Netherlands (21.8K tons)
- South Korea (10.1K tons)
- Thailand (9.7K tons)
- Saudi Arabia (0.9K tons)
This report provides an in-depth analysis of the iron and steel market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
395
This report provides an in-depth analysis of the iron and steel market in China.
1177
This report provides an in-depth analysis of the pig iron market in China.
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This report provides an in-depth analysis of the global iron and steel market.
4394
This report provides an in-depth analysis of the global pig iron market.
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This report provides an in-depth analysis of the iron and steel market in China.
1177
This report provides an in-depth analysis of the pig iron market in China.
1037
This report provides an in-depth analysis of the global iron and steel market.
4394
This report provides an in-depth analysis of the global pig iron market.
736
Last year, China rapidly boosted pig iron imports from $376M to $2B. In physical terms, purchases grew from 988K tons to 5.6M tons. Brazil, Russia and Ukraine became the largest suppliers of pig iron to China, accounting for 73% of total import volume. Shipments from Brazil spiked from 8.8K tons in 2019 to 2.1M tons in 2020, while Russian supplies grew from 34K tons to 1.4M tons. The average import price for pig iron dropped by -3.8% y-o-y to $366 per ton in 2020.
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Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
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Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
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In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
736
Last year, China rapidly boosted pig iron imports from $376M to $2B. In physical terms, purchases grew from 988K tons to 5.6M tons. Brazil, Russia and Ukraine became the largest suppliers of pig iron to China, accounting for 73% of total import volume. Shipments from Brazil spiked from 8.8K tons in 2019 to 2.1M tons in 2020, while Russian supplies grew from 34K tons to 1.4M tons. The average import price for pig iron dropped by -3.8% y-o-y to $366 per ton in 2020.
132
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
111
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
2002
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
