Asia: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in Asia

The Asian flat cold-rolled steel coils market was estimated at $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Flat Cold-Rolled Steel in Coils in Asia

In value terms, flat cold-rolled steel coils production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Flat Cold-Rolled Steel in Coils

Exports in Asia

In 2023, approx. X tons of flat cold-rolled steel in coils were exported in Asia; growing by X% on 2022. Overall, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports contracted to $X in 2023. In general, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and South Korea (X tons) represented the main exporters of flat cold-rolled steel in coils in 2023, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together mixing up a X% share of total exports. India (X tons), Kazakhstan (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest flat cold-rolled steel coils supplying countries in Asia were South Korea ($X), China ($X) and Japan ($X), together accounting for X% of total exports. Taiwan (Chinese), India, Vietnam and Kazakhstan lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Imports of Flat Cold-Rolled Steel in Coils

Imports in Asia

In 2023, the amount of flat cold-rolled steel in coils imported in Asia declined to X tons, falling by X% compared with 2022 figures. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, flat cold-rolled steel coils imports contracted sharply to $X in 2023. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Japan (X tons), Thailand (X tons), China (X tons), Indonesia (X tons), Malaysia (X tons), India (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), South Korea (X tons), the Philippines (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flat cold-rolled steel coils importing markets in Asia were Turkey ($X), Japan ($X) and Thailand ($X), with a combined X% share of total imports. Indonesia, China, Malaysia, India, South Korea, Taiwan (Chinese), Vietnam, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform