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Asia - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Hot-Rolled Free-Cutting Steel Market Overview 2021

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Hot-Rolled Free-Cutting Steel Market Size in Asia

In 2020, after three years of growth, there was decline in the Asian hot-rolled free-cutting steel market, when its value decreased by -X% to $X. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Hot-Rolled Free-Cutting Steel Production in Asia

In value terms, hot-rolled free-cutting steel production dropped slightly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia

China (X tonnes) constituted the country with the largest volume of hot-rolled free-cutting steel production, accounting for X% of total volume. Moreover, hot-rolled free-cutting steel production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), threefold. Japan (X tonnes) ranked third in terms of total production with a X% share.

In China, hot-rolled free-cutting steel production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (-X% per year).

Hot-Rolled Free-Cutting Steel Exports

Exports in Asia

In 2020, the amount of hot-rolled bars in free-cutting steels exported in Asia dropped sharply to X tonnes, waning by -X% compared with 2019 figures. Over the period under review, exports showed a perceptible slump. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, hot-rolled free-cutting steel exports fell dramatically to $X in 2020. Overall, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

Saudi Arabia prevails in hot-rolled free-cutting steel exports structure, amounting to X tonnes, which was approx. X% of total exports in 2020. Thailand (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by the United Arab Emirates (X%) and Turkey (X%). The following exporters - China (X tonnes), Singapore (X tonnes) and Japan (X tonnes) - each reached a X% share of total exports.

Exports from Saudi Arabia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkey (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Singapore experienced a relatively flat trend pattern. By contrast, Thailand (-X%), China (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+X p.p.), the United Arab Emirates (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Thailand (-X p.p.), China (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) emerged as the largest hot-rolled free-cutting steel supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Saudi Arabia amounted to +X%. In the other countries, the average annual rates were as follows: Thailand (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The hot-rolled free-cutting steel export price in Asia stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per tonne), while Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports in Asia

In 2020, the amount of hot-rolled bars in free-cutting steels imported in Asia reduced to X tonnes, waning by -X% on the previous year's figure. In general, imports, however, saw slight growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports dropped slightly to $X in 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Singapore dominates hot-rolled free-cutting steel imports structure, resulting at X tonnes, which was near X% of total imports in 2020. It was distantly followed by Turkey (X tonnes) and Lao People's Democratic Republic (X tonnes), together comprising an X% share of total imports. South Korea (X tonnes) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the hot-rolled bars in free-cutting steels imports, with a CAGR of +X% from 2007 to 2020. Turkey and South Korea experienced a relatively flat trend pattern. Lao People's Democratic Republic (-X%) illustrated a downward trend over the same period. Singapore (+X p.p.) significantly strengthened its position in terms of the total imports, while Lao People's Democratic Republic saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported hot-rolled bars in free-cutting steels in Asia, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

In Singapore, hot-rolled free-cutting steel imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Lao People's Democratic Republic (-X% per year).

Import Prices by Country

The hot-rolled free-cutting steel import price in Asia stood at $X per tonne in 2020, surging by X% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, import prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Lao People's Democratic Republic ($X per tonne) and Turkey ($X per tonne), while South Korea ($X per tonne) and Singapore ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in Asia?
+
The country with the largest volume of hot-rolled free-cutting steel consumption was China (852K tonnes), comprising approx. 40% of total volume. Moreover, hot-rolled free-cutting steel consumption in China exceeded the figures recorded by the second-largest consumer, India (329K tonnes), threefold. The third position in this ranking was occupied by Japan (212K tonnes), with a 10% share.
What are the largest producers of hot-rolled bars in free-cutting steels in Asia?
+
China (852K tonnes) constituted the country with the largest volume of hot-rolled free-cutting steel production, comprising approx. 41% of total volume. Moreover, hot-rolled free-cutting steel production in China exceeded the figures recorded by the second-largest producer, India (330K tonnes), threefold. Japan (214K tonnes) ranked third in terms of total production with a 10% share.
What are the leading exporters of hot-rolled bars in free-cutting steels in Asia?
+
In value terms, Saudi Arabia ($35M) emerged as the largest hot-rolled free-cutting steel supplier in Asia, comprising 63% of total exports. The second position in the ranking was occupied by Thailand ($4.8M), with a 8.6% share of total exports. It was followed by the United Arab Emirates, with a 7.9% share.
What are the leading importers of hot-rolled bars in free-cutting steels in Asia?
+
In value terms, Singapore ($68M) constitutes the largest market for imported hot-rolled bars in free-cutting steels in Asia, comprising 70% of total imports. The second position in the ranking was occupied by Turkey ($5.5M), with a 5.7% share of total imports. It was followed by Lao People's Democratic Republic, with a 4.9% share.
What is the average export price for hot-rolled bars in free-cutting steels in Asia?
+
In 2020, the hot-rolled free-cutting steel export price in Asia amounted to $602 per tonne, reducing by -29.7% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in Asia?
+
In 2020, the hot-rolled free-cutting steel import price in Asia amounted to $676 per tonne, growing by 3.9% against the previous year.

Product coverage:
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels

This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Asia. 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.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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