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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

Hot-Rolled Free-Cutting Steel Market Size in Asia

In 2019, the Asian hot-rolled free-cutting steel market increased by X% to $X, rising for the third year in a row after four years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in Asia

In value terms, hot-rolled free-cutting steel production reached $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Production By Country in Asia

China (X tonnes) remains the largest hot-rolled free-cutting steel producing country in Asia, comprising approx. 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), twofold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume in China was relatively modest. 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 2019, approx. X tonnes of hot-rolled bars in free-cutting steels were exported in Asia; shrinking by -X% against the previous year. Over the period under review, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth exports failed to regain the momentum.

In value terms, hot-rolled free-cutting steel exports reduced sharply to $X in 2019. In general, exports recorded a mild slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Saudi Arabia (X tonnes) and Japan (X tonnes) were the major exporters of hot-rolled bars in free-cutting steels in Asia, together committing X% of total exports. It was distantly followed by Taiwan (Chinese) (X tonnes), constituting a X% share of total exports. Turkey (X tonnes), China (X tonnes), the United Arab Emirates (X tonnes) and Singapore (X tonnes) took a little share of total exports.

From 2007 to 2019, the biggest increases were in Turkey, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled free-cutting steel supplying countries in Asia were Japan ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. These countries were followed by Turkey, China, Singapore and the United Arab Emirates, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The hot-rolled free-cutting steel export price in Asia stood at $X per tonne in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Japan ($X per tonne), while Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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

Hot-rolled free-cutting steel imports fell remarkably to X tonnes in 2019, which is down by -X% on the previous year's figure. In general, imports recorded a deep slump. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports declined dramatically to $X in 2019. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Singapore (X tonnes), distantly followed by Turkey (X tonnes), Lao People's Democratic Republic (X tonnes), South Korea (X tonnes) and Hong Kong SAR (X tonnes) represented the major importers of hot-rolled bars in free-cutting steels, together committing X% of total imports. Malaysia (X tonnes), Taiwan (Chinese) (X tonnes), Saudi Arabia (X tonnes), Indonesia (X tonnes), China (X tonnes), Myanmar (X tonnes), Thailand (X tonnes) and the United Arab Emirates (X tonnes) occupied a minor share of total imports.

From 2007 to 2019, the biggest increases were in Indonesia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled free-cutting steel importing markets in Asia were Singapore ($X), Turkey ($X) and Lao People's Democratic Republic ($X), together accounting for X% of total imports. Hong Kong SAR, China, Taiwan (Chinese), Malaysia, Indonesia, South Korea, Thailand, Myanmar, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further X the main importing countries, Indonesia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The hot-rolled free-cutting steel import price in Asia stood at $X per tonne in 2019, surging by X% against the previous year. Import price indicated temperate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hot-rolled free-cutting steel import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in Asia?
+
China (836K tonnes) constituted the country with the largest volume of hot-rolled free-cutting steel consumption, accounting for 43% of total volume. Moreover, hot-rolled free-cutting steel consumption in China exceeded the figures recorded by the second-largest consumer, India (341K tonnes), twofold. Japan (184K tonnes) ranked third in terms of total consumption with a 9.5% share.
What are the largest producers of hot-rolled bars in free-cutting steels in Asia?
+
China (837K tonnes) remains the largest hot-rolled free-cutting steel producing country in Asia, accounting for 42% of total volume. Moreover, hot-rolled free-cutting steel production in China exceeded the figures recorded by the second-largest producer, India (341K tonnes), twofold. The third position in this ranking was occupied by Japan (226K tonnes), with a 11% share.
What are the leading suppliers of hot-rolled bars in free-cutting steels in Asia?
+
In value terms, Japan ($50M), Saudi Arabia ($25M) and Taiwan (Chinese) ($13M) were the countries with the highest levels of exports in 2019, together comprising 89% of total exports. These countries were followed by Turkey, China, Singapore and the United Arab Emirates, which together accounted for a further 8.5%.
What are the leading importers of hot-rolled bars in free-cutting steels in Asia?
+
In value terms, the largest hot-rolled free-cutting steel importing markets in Asia were Singapore ($6.2M), Turkey ($6M) and Lao People's Democratic Republic ($4.8M), with a combined 45% share of total imports. These countries were followed by Hong Kong SAR, China, Taiwan (Chinese), Malaysia, Indonesia, South Korea, Thailand, Myanmar, Saudi Arabia and the United Arab Emirates, which together accounted for a further 45%.
What is the average export price for hot-rolled bars in free-cutting steels in Asia?
+
The hot-rolled free-cutting steel export price in Asia stood at $884 per tonne in 2019, picking up by 9.4% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in Asia?
+
The hot-rolled free-cutting steel import price in Asia stood at $750 per tonne in 2019, with an increase of 22% 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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