Eastern Asia: Forged Metal Articles Market 2020

Forged Metal Articles Market Size in Eastern Asia

The revenue of the forged metal articles market in Eastern Asia amounted to $X in 2017, falling by -X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when market value increased by X% y-o-y. Over the period under review, the forged metal articles market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Forged Metal Articles Production in Eastern Asia

The forged metal articles production amounted to X tons in 2017, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2009, with an increase of X% y-o-y. The volume of forged metal articles production peaked in 2017, and is likely to continue its growth in the immediate term.

Forged Metal Articles Exports in Eastern Asia

In 2017, forged metal articles exports in Eastern Asia totaled X tons, rising by X% against the previous year. The forged metal articles exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017, when exports increased by X% against the previous year. In that year, the forged metal articles exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, forged metal articles exports totaled $X in 2017. The forged metal articles exports continue to indicate a prominent growth. In that year, the forged metal articles exports attained their peak level, and are likely to continue its growth in the immediate term.

Forged Metal Articles Exports by Country in Eastern Asia

China dominates forged metal articles exports structure, amounting to X tons, which was near X% of total exports in 2017. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest growing in terms of the forged or stamped articles of iron or steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) displayed positive paces of growth. From 2007 to 2017, the share of China decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest forged metal articles supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in China totaled +X%.

Forged Metal Articles Export Prices by Country in Eastern Asia

In 2017, the forged metal articles export price in Eastern Asia amounted to $X per ton, coming down by -X% against the previous year. The forged metal articles export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when the export prices increased by X% against the previous year. Over the period under review, the export prices for forged or stamped articles of iron or steel attained its maximum level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year).

Forged Metal Articles Imports in Eastern Asia

In 2017, approx. X tons of forged or stamped articles of iron or steel were imported in Eastern Asia; going up by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when imports increased by X% against the previous year. Over the period under review, the forged metal articles imports attained its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, forged metal articles imports amounted to $X in 2017. The forged metal articles imports continue to indicate a prominent growth. Over the period under review, the forged metal articles imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Forged Metal Articles Imports by Country in Eastern Asia

In 2017, China (X tons) represented the largest importer for forged or stamped articles of iron or steel, committing X% of total imports. South Korea (X tons) ranks second in terms of the global imports with a X% share, followed by Japan (X%). The following importers - Taiwan, Chinese (X tons) and China, Hong Kong SAR (X tons) together made up X% of total imports.

China was also the fastest growing in terms of the forged or stamped articles of iron or steel imports, with a CAGR of +X% from 2007 to 2017. At the same time, Taiwan, Chinese (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of South Korea and China, Hong Kong SAR increased by X% and X% percentage points, while Taiwan, Chinese (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported forged or stamped articles of iron or steel in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, forged metal articles imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Japan (+X% per year).

Forged Metal Articles Import Prices by Country in Eastern Asia

In 2017, the forged metal articles import price in Eastern Asia amounted to $X per ton, dropping by -X% against the previous year. The import price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged metal articles import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% year-to-year. Over the period under review, the import prices for forged or stamped articles of iron or steel attained its maximum level of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China, Hong Kong SAR ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform