China - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in China - 2023
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in China (CIF) - 2022
- Price for Deformed Non-Alloy Steel Wire Rod in China (FOB) - 2022
- Imports of Deformed Non-Alloy Steel Wire Rod in China
- Exports of Deformed Non-Alloy Steel Wire Rod in China
Price for Deformed Non-Alloy Steel Wire Rod in China (CIF) - 2022
In 2022, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $715 per ton, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 56% against the previous year. The import price peaked at $2,885 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -13.8% per year.
Price for Deformed Non-Alloy Steel Wire Rod in China (FOB) - 2022
The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $990 per ton in 2022, rising by 27% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, deformed non-alloy steel wire rod export price increased by +62.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
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 Djibouti ($1,702 per ton), while the average price for exports to Myanmar ($754 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 Japan (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Deformed Non-Alloy Steel Wire Rod in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by -68.2% to 90K tons. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 26,192% against the previous year.
In value terms, deformed non-alloy steel wire rod imports dropped significantly to $64M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 12,688%.
| Import of Deformed Non-Alloy Steel Wire Rod in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 77.1 | 171 | 63.8 | -9.0% |
| Others | 0.6 | 0.4 | 0.3 | 0.6 | 0.0% |
| Total | 0.6 | 77.5 | 171 | 64.3 | 375.0% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to China in 2022:
- Malaysia (89.6K tons)
Exports of Deformed Non-Alloy Steel Wire Rod in China
In 2022, overseas shipments of ribbed or other deformed wire rod of non-alloy steel were finally on the rise to reach 93K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, deformed non-alloy steel wire rod exports surged to $92M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Deformed Non-Alloy Steel Wire Rod in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guinea | 0.4 | 0.3 | 1.2 | 18.3 | 257.7% |
| Myanmar | 13.9 | 35.5 | 23.8 | 11.9 | -5.0% |
| Chile | N/A | N/A | 0.3 | 11.4 | 3700.0% |
| Peru | N/A | N/A | N/A | 5.0 | 0% |
| Haiti | N/A | N/A | N/A | 4.7 | 0% |
| Mongolia | 2.1 | 0.8 | 2.3 | 3.6 | 19.7% |
| Dominican Republic | N/A | N/A | N/A | 3.5 | 0% |
| Djibouti | 0.4 | N/A | 0.1 | 3.3 | 102.1% |
| Ethiopia | 1.1 | 0.9 | 0.8 | 1.9 | 20.0% |
| South Korea | N/A | N/A | 0.3 | 1.9 | 533.3% |
| Cambodia | 10.9 | 0.3 | N/A | 1.6 | -47.2% |
| Lao People's Democratic Republic | 8.9 | N/A | N/A | N/A | 0% |
| Others | 12.9 | 7.9 | 13.8 | 25.4 | 25.3% |
| Total | 50.6 | 45.8 | 42.7 | 92.4 | 22.2% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from China in 2022:
- Guinea (20.5K tons)
- Myanmar (15.8K tons)
- Chile (8.0K tons)
- Peru (6.3K tons)
- Haiti (5.9K tons)
- Mongolia (4.8K tons)
- Dominican Republic (3.8K tons)
- Ethiopia (2.4K tons)
- Djibouti (1.9K tons)
- South Korea (1.3K tons)
- Cambodia (1.2K tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
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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