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

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

In 2023, the East Asian flat cold-rolled steel coils market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, flat cold-rolled steel coils production reached $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Flat Cold-Rolled Steel in Coils

Exports in Eastern Asia

In 2023, approx. X tons of flat cold-rolled steel in coils were exported in Eastern Asia; picking up by X% on the year before. Overall, exports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, flat cold-rolled steel coils exports fell to $X in 2023. In general, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and South Korea (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together comprising a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 in Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Imports of Flat Cold-Rolled Steel in Coils

Imports in Eastern Asia

In 2023, overseas purchases of flat cold-rolled steel in coils decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. 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 markedly to $X in 2023. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Japan (X tons) and China (X tons) represented the main importers of flat cold-rolled steel in coils in Eastern Asia, together committing X% of total imports. Taiwan (Chinese) (X tons) took the next position in the ranking, followed by South Korea (X tons) and Hong Kong SAR (X tons). All these countries together held near X% share of total imports.

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 a decline in the imports figures.

In value terms, the largest flat cold-rolled steel coils importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together comprising X% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price saw 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 shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform