Eastern Asia: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Eastern Asia

The East Asian agglomerated powder rod market rose modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Agglomerated Powder Rod Production in Eastern Asia

In value terms, agglomerated powder rod production totaled $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports in Eastern Asia

In 2022, exports of base metal wire and rods of agglomerated base powder in Eastern Asia surged to X tons, jumping by X% compared with the previous year. Overall, exports, however, recorded a mild setback. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports skyrocketed to $X in 2022. Total exports indicated slight growth 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. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together constituting a X% share of total exports.

China was also the fastest-growing in terms of the base metal wire and rods of agglomerated base powder exports, with a CAGR of X% from 2012 to 2022. South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, China, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price 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, agglomerated powder rod export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

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

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

Agglomerated Powder Rod Imports

Imports in Eastern Asia

In 2022, agglomerated powder rod imports in Eastern Asia reduced to X tons, which is down by X% compared with 2021 figures. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, agglomerated powder rod imports shrank to $X in 2022. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the largest importer of base metal wire and rods of agglomerated base powder, constituting X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported base metal wire and rods of agglomerated base powder in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, agglomerated powder rod imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :