China: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in China

The Chinese agglomerated powder rod market expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Agglomerated Powder Rod Production in China

In value terms, agglomerated powder rod production totaled $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Agglomerated Powder Rod Exports

Exports from China

In 2022, agglomerated powder rod exports from China surged to X tons, increasing by X% against 2021 figures. In general, exports recorded a noticeable expansion. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, agglomerated powder rod exports soared to $X in 2022. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons), Turkey (X tons) and Indonesia (X tons) were the main destinations of agglomerated powder rod exports from China, with a combined X% share of total exports. Russia, Brazil, Malaysia, Guinea, the United States, Mexico, Cote d'Ivoire, Thailand, Bangladesh and Cambodia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agglomerated powder rod exported from China were Singapore ($X), Mexico ($X) and Turkey ($X), with a combined X% share of total exports. Russia, Malaysia, Indonesia, the United States, Thailand, Brazil, Bangladesh, Cambodia, Guinea and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Guinea, with a CAGR of X%, recorded 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

In 2022, the average agglomerated powder rod export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into China

After two years of decline, purchases abroad of base metal wire and rods of agglomerated base powder increased by less than X% to X tons in 2022. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agglomerated powder rod imports amounted to $X in 2022. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest agglomerated powder rod supplier to China, accounting for a X% share of total imports. Moreover, agglomerated powder rod imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest agglomerated powder rod suppliers to China were Japan ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Germany, South Korea and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average agglomerated powder rod import price amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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