China - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in China - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in China (FOB) - 2023
- Price for Hot-Rolled Wire Rod in Coils in China (CIF) - 2023
- Exports of Hot-Rolled Wire Rod in Coils in China
- Imports of Hot-Rolled Wire Rod in Coils in China
Price for Hot-Rolled Wire Rod in Coils in China (FOB) - 2023
In December 2023, the average export price for hot-rolled wire rods in coils amounted to $588 per ton, picking up by 3.2% against the previous month. In general, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in March 2023 an increase of 16% month-to-month. As a result, the export price attained the peak level of $780 per ton. From April 2023 to December 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Vietnam ($776 per ton) and Indonesia ($647 per ton), while the average price for exports to the Dominican Republic ($521 per ton) and the Philippines ($522 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in China (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $2,018 per ton in December 2023, surging by 7.7% against the previous month. In general, the import price, however, recorded a slight contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 31% against the previous month. As a result, import price reached the peak level of $2,827 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4,481 per ton), while the price for South Korea ($1,614 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Hot-Rolled Wire Rod in Coils in China
In 2022, approx. 2.3M tons of hot-rolled wire rods in coils were exported from China; rising by 255% compared with the year before. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports skyrocketed to $2.2B in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 67.2 | 53.8 | 150 | 480 | 92.6% |
| Vietnam | 121 | 83.1 | 158 | 175 | 13.1% |
| Thailand | 37.0 | 39.9 | 129 | 136 | 54.3% |
| Philippines | 83.9 | 27.4 | 38.9 | 134 | 16.9% |
| Peru | 0.1 | N/A | 13.2 | 115 | 947.7% |
| Indonesia | 32.9 | 14.5 | 34.0 | 110 | 49.5% |
| Japan | 60.7 | 30.3 | 29.6 | 80.7 | 10.0% |
| Saudi Arabia | 4.2 | 0.9 | 8.4 | 66.4 | 151.0% |
| Guatemala | N/A | N/A | 1.3 | 62.5 | 4707.7% |
| Ghana | 6.2 | 6.1 | 4.6 | 52.2 | 103.4% |
| Brazil | 2.5 | 1.0 | 12.3 | 50.5 | 172.3% |
| Kenya | 4.0 | 1.8 | 1.0 | 46.4 | 126.4% |
| Colombia | 0.1 | 0.1 | 5.2 | 42.3 | 650.7% |
| Others | 213 | 136 | 298 | 635 | 43.9% |
| Total | 633 | 395 | 883 | 2,185 | 51.1% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from China in 2022:
- South Korea (529.1K tons)
- Peru (156.6K tons)
- Indonesia (124.9K tons)
- Vietnam (118.2K tons)
- Thailand (111.2K tons)
- Philippines (109.7K tons)
- Japan (101.5K tons)
- Saudi Arabia (84.1K tons)
- Guatemala (75.9K tons)
- Ghana (70.0K tons)
- Kenya (58.1K tons)
- Brazil (57.5K tons)
- Colombia (55.1K tons)
Imports of Hot-Rolled Wire Rod in Coils in China
In 2022, purchases abroad of hot-rolled wire rods in coils decreased by -71.2% to 304K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 217%. As a result, imports reached the peak of 1.1M tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled wire rod in coils imports declined sharply to $534M in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 93%.
| Import of Hot-Rolled Wire Rod in Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 138 | 139 | 211 | 262 | 23.8% |
| Taiwan (Chinese) | 54.8 | 59.5 | 94.7 | 118 | 29.1% |
| Malaysia | 68.4 | 280 | 347 | 65.3 | -1.5% |
| South Korea | 44.9 | 40.3 | 45.6 | 31.4 | -11.2% |
| Italy | 26.4 | 24.1 | 26.2 | 30.2 | 4.6% |
| Vietnam | N/A | 42.5 | 112 | 7.1 | -59.1% |
| Germany | 4.3 | 4.2 | 9.5 | 7.1 | 18.2% |
| Indonesia | N/A | 59.5 | 52.8 | N/A | -11.3% |
| Others | 14.7 | 30.8 | 19.7 | 12.5 | -5.3% |
| Total | 352 | 680 | 919 | 534 | 14.9% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to China in 2022:
- Japan (110.7K tons)
- Malaysia (101.3K tons)
- Taiwan (Chinese) (50.2K tons)
- South Korea (17.3K tons)
- Vietnam (9.9K tons)
- Italy (6.3K tons)
- Germany (4.8K tons)
This report provides an in-depth analysis of the hot-rolled wire rod 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
Country coverage:
- China
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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