China: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in China

The Chinese mill rolling roll market declined notably to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a deep setback. Mill rolling roll consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Mill Rolling Roll Production in China

In value terms, mill rolling roll production fell to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Mill Rolling Roll Exports

Exports from China

In 2022, shipments abroad of rolls for rolling mills increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X units), Indonesia (X units) and India (X units) were the main destinations of mill rolling roll exports from China, with a combined X% share of total exports. Germany, Russia, South Korea, the United Arab Emirates, the United States, Turkey, Nigeria, Thailand, Uzbekistan and Myanmar lagged somewhat behind, together accounting for a further X%.

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

In value terms, India ($X), Russia ($X) and South Korea ($X) were the largest markets for mill rolling roll exported from China worldwide, with a combined X% share of total exports. Turkey, Vietnam, Indonesia, the United States, Germany, Thailand, the United Arab Emirates, Uzbekistan, Myanmar and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest growth rate of 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 average mill rolling roll export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mill Rolling Roll Imports

Imports into China

In 2022, approx. X units of rolls for rolling mills were imported into China; growing by X% on 2021 figures. Overall, imports, however, saw a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports declined markedly to $X in 2022. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and South Korea (X units) were the main suppliers of mill rolling roll imports to China, with a combined X% share of total imports. Taiwan (Chinese), the UK, Slovenia, the United States and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of rolls for rolling mills to China, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform