China - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in China - 2023
Contents:
- Metal Wool Price in China (FOB) - 2022
- Metal Wool Price in China (CIF) - 2022
- Metal Wool Exports in China
- Metal Wool Imports in China
Metal Wool Price in China (FOB) - 2022
In 2022, the average metal wool export price amounted to $4,338 per ton, with an increase of 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 an increase of 22%. The export price peaked at $5,094 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($6,855 per ton), while the average price for exports to the UK ($2,705 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 the Philippines (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Price in China (CIF) - 2022
The average metal wool import price stood at $11,197 per ton in 2022, picking up by 1.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $13,333 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($14,590 per ton), while the price for Vietnam ($5,743 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+189.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Wool Exports in China
Metal wool exports from China was estimated at 46K tons in 2022, growing by 7.8% compared with 2021 figures. In general, exports, however, continue to indicate a pronounced descent.
In value terms, metal wool exports reached $201M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years.
Export of Metal Wool in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.1 | 15.7 | 14.5 | 19.3 | 16.8% |
Saudi Arabia | 8.7 | 7.8 | 6.2 | 9.5 | 3.0% |
Philippines | 4.4 | 10.0 | 6.0 | 8.1 | 22.6% |
United Arab Emirates | 2.3 | 5.1 | 7.4 | 6.5 | 41.4% |
Indonesia | 2.9 | 2.8 | 2.8 | 6.4 | 30.2% |
Netherlands | 2.5 | 3.0 | 3.4 | 5.5 | 30.1% |
Mexico | 4.4 | 5.1 | 6.2 | 5.1 | 5.0% |
United Kingdom | 4.0 | 3.8 | 5.6 | 5.1 | 8.4% |
Germany | 5.0 | 7.6 | 9.1 | 5.1 | 0.7% |
Thailand | 2.8 | 3.8 | 5.4 | 5.0 | 21.3% |
Ghana | 5.2 | 7.2 | 4.1 | 4.5 | -4.7% |
Russia | 5.0 | 5.5 | 4.3 | 4.5 | -3.5% |
South Africa | 3.6 | 3.0 | 4.9 | 4.4 | 6.9% |
Others | 129 | 131 | 99.3 | 112 | -4.6% |
Total | 192 | 211 | 179 | 201 | 1.5% |
Top Export Markets for Metal Wool from China in 2022:
- United States (3.9K tons)
- Netherlands (1.9K tons)
- United Kingdom (1.9K tons)
- Saudi Arabia (1.6K tons)
- Indonesia (1.6K tons)
- Germany (1.5K tons)
- Russia (1.5K tons)
- Ghana (1.4K tons)
- Thailand (1.4K tons)
- Philippines (1.2K tons)
- Mexico (1.2K tons)
- South Africa (1.1K tons)
- United Arab Emirates (1.0K tons)
Metal Wool Imports in China
In 2022, overseas purchases of iron or steel wool decreased by -22.8% to 29 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of 43 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal wool imports contracted markedly to $323K in 2022. Overall, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of $411K, and then declined remarkably in the following year.
Import of Metal Wool in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 129 | 120 | 152 | 105 | -6.6% |
Germany | 132 | 109 | 104 | 104 | -7.6% |
United States | 57.8 | 20.3 | 76.9 | 70.8 | 7.0% |
Ireland | N/A | 32.5 | 7.2 | 8.6 | -48.6% |
Vietnam | 8.9 | 54.7 | 39.6 | 6.5 | -9.9% |
South Korea | 8.3 | 12.4 | 9.3 | 4.7 | -17.3% |
Sweden | 17.0 | 4.3 | 1.6 | 1.5 | -55.5% |
Malaysia | 16.9 | N/A | 1.2 | 1.2 | -58.6% |
Others | 2.4 | 14.5 | 19.1 | 19.5 | 101.0% |
Total | 372 | 368 | 411 | 323 | -4.6% |
Top Suppliers of Metal Wool to China in 2022:
- Japan (10.6 tons)
- United States (7.3 tons)
- Germany (7.2 tons)
- Vietnam (1.1 tons)
- South Korea (0.8 tons)
- Ireland (0.4 tons)
- Malaysia (0.2 tons)
- Sweden (0.1 tons)
This report provides an in-depth analysis of the metal wool 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:
- Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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
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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
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