Asia: Electrical Strip Market 2020

Electrical Strip Market Size in Asia

The revenue of the electrical strip market in Asia amounted to $X in 2017, coming up by X% against the previous year. The electrical strip consumption continues to indicate an abrupt descent. The pace of growth appeared the most rapid in 2017, when it surged by X% y-o-y. Over the period under review, the electrical strip market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Electrical Strip Production in Asia

In 2017, the amount of electrical sheet and strip produced in Asia totaled X tons, stabilizing at the previous year. The electrical strip production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the electrical strip production reached its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Electrical Strip Exports in Asia

In 2017, the amount of electrical sheet and strip exported in Asia totaled X tons, shrinking by -X% against the previous year. The electrical strip exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Over the period under review, the electrical strip exports reached its maximum volume of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, electrical strip exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the electrical strip exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Electrical Strip Exports by Country in Asia

China represented the major exporting country with an export of about X tons, which finished at X% of total exports. Japan (X tons) ranks second in terms of the global exports with a X% share, followed by South Korea (X%) and Taiwan, Chinese (X%). India (X tons) held the minor share of total exports.

China was also the fastest growing in terms of the electrical sheet and strip exports, with a CAGR of +X% from 2007 to 2017. At the same time, India (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of Japan (-X%), South Korea (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. Taiwan, Chinese and India lagged somewhat behind, together accounting for a further X%.

India (+X% per year) recorded the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Electrical Strip Export Prices by Country in Asia

The electrical strip export price in Asia stood at $X per ton in 2017, increasing by X% against the previous year. The electrical strip export price continues to indicate a measured decrease. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Over the period under review, the export prices for electrical sheet and strip attained its peak figure level of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Taiwan, Chinese ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced a decline in the export price figures.

Electrical Strip Imports in Asia

In 2017, the amount of electrical sheet and strip imported in Asia totaled X tons, surging by X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrical strip imports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2014, with an increase of X% against the previous year. The volume of imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, electrical strip imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the electrical strip imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Electrical Strip Imports by Country in Asia

The countries with the highest levels of electrical strip imports in 2017 were Vietnam (X tons), China (X tons), Thailand (X tons), Turkey (X tons), South Korea (X tons), India (X tons), Indonesia (X tons), Malaysia (X tons), Japan (X tons), Iran (X tons), the Philippines (X tons) and Pakistan (X tons), together accounting for X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical strip markets worldwide were China ($X), Vietnam ($X) and Turkey ($X), together comprising X% of total imports. India, Thailand, South Korea, Indonesia, Malaysia, Japan, Iran, Pakistan and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , the Philippines (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Electrical Strip Import Prices by Country in Asia

The electrical strip import price in Asia stood at $X per ton in 2017, increasing by X% against the previous year. The electrical strip import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the import prices for electrical sheet and strip attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for electrical sheet and strip stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform