Asia-Pacific: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Asia-Pacific

The Asia-Pacific market for hot-rolled wire rod in coil of stainless steel declined sharply to $X in 2019, waning by -X% against the previous year. In general, consumption, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Asia-Pacific

In value terms, hot-rolled wire stainless steel rod production reduced to $X in 2019 estimated in export prices. In general, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

Production By Country in Asia-Pacific

The countries with the highest volumes of hot-rolled wire stainless steel rod production in 2019 were Taiwan (Chinese) (X tonnes), Japan (X tonnes) and China (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of hot-rolled wire stainless steel rod production, amongst the key producing countries, was attained by China, while hot-rolled wire stainless steel rod production for the other leaders experienced more modest paces of growth.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Asia-Pacific

After two years of growth, overseas shipments of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes in 2019. Total exports indicated temperate growth from 2007 to 2019: its volume 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. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports dropped to $X in 2019. In general, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

China represented the key exporter of hot-rolled wire rod in coil of stainless steel in Asia-Pacific, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by Japan (X tonnes), South Korea (X tonnes) and India (X tonnes), together constituting a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China, while exports for the other leaders experienced a decline in the exports figures.

In value terms, the largest hot-rolled wire stainless steel rod supplying countries in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total exports.

China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Asia-Pacific

In 2019, approx. X tonnes of hot-rolled wire rod in coil of stainless steel were imported in Asia-Pacific; which is down by -X% against the year before. Total imports indicated tangible growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes, and then declined notably in the following year.

In value terms, hot-rolled wire stainless steel rod imports dropped rapidly to $X in 2019. In general, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, South Korea (X tonnes), distantly followed by Thailand (X tonnes), Viet Nam (X tonnes), India (X tonnes) and Malaysia (X tonnes) represented the largest importers of hot-rolled wire rod in coil of stainless steel, together generating X% of total imports. The following importers - Japan (X tonnes) and Indonesia (X tonnes) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Viet Nam, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled wire stainless steel rod importing markets in Asia-Pacific were South Korea ($X), Thailand ($X) and Viet Nam ($X), together comprising X% of total imports.

Among the main importing countries, Viet Nam 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

In 2019, the import price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Japan ($X per tonne) and Viet Nam ($X per tonne), while South Korea ($X per tonne) and India ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, 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 wire rod in coil of stainless steel in Asia-Pacific?

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Taiwan (Chinese) (148K tonnes) constituted the country with the largest volume of hot-rolled wire stainless steel rod consumption, accounting for 51% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in Taiwan (Chinese) exceeded the figures recorded by the second-largest consumer, Thailand (46K tonnes), threefold. India (44K tonnes) ranked third in terms of total consumption with a 15% share.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in Asia-Pacific?

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The countries with the highest volumes of hot-rolled wire stainless steel rod production in 2019 were Taiwan (Chinese) (148K tonnes), Japan (85K tonnes) and China (64K tonnes), with a combined 86% share of total production.

What are the leading suppliers of hot-rolled wire rod in coil of stainless steel in Asia-Pacific?

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In value terms, China ($250M), Japan ($237M) and South Korea ($133M) constituted the countries with the highest levels of exports in 2019, with a combined 89% share of total exports.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in Asia-Pacific?

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In value terms, South Korea ($152M), Thailand ($114M) and Viet Nam ($94M) constituted the countries with the highest levels of imports in 2019, together accounting for 67% of total imports.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific?

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In 2019, the export price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific amounted to $2,411 per tonne, waning by -1.9% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific?

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In 2019, the import price for hot-rolled wire rod in coil of stainless steel in Asia-Pacific amounted to $2,293 per tonne, falling by -6.1% against the previous year.