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

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

The Asia-Pacific flat cold-rolled steel coils market stood at $X in 2023, remaining constant against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Flat Cold-Rolled Steel in Coils in Asia-Pacific

In value terms, flat cold-rolled steel coils production rose slightly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained 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-Pacific

In 2023, exports of flat cold-rolled steel in coils in Asia-Pacific amounted to X tons, picking up by X% on the previous year's figure. In general, exports, however, showed a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked 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 shrank to $X in 2023. Overall, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X tons) and South Korea (X tons) were the main exporters of flat cold-rolled steel in coils in Asia-Pacific, together reaching near X% of total exports. Japan (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held approx. X% share of total exports. India (X tons), Australia (X tons) and Vietnam (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main exporting countries, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Imports of Flat Cold-Rolled Steel in Coils

Imports in Asia-Pacific

In 2023, the amount of flat cold-rolled steel in coils imported in Asia-Pacific dropped to X tons, waning by X% on 2022. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked 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 dramatically to $X in 2023. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of flat cold-rolled steel coils imports in 2023 were 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) and the Philippines (X tons), together finishing at X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main 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-Pacific were Japan ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total imports. China, Malaysia, India, South Korea, Taiwan (Chinese), Vietnam and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($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