Eastern Asia: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Eastern Asia

The East Asian iron or steel can market declined to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Cans in Eastern Asia

In value terms, iron or steel can production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Exports of Iron or Steel Cans

Exports in Eastern Asia

In 2022, shipments abroad of iron or steel cans decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, iron or steel can exports amounted to $X in 2022. In general, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, China (X units) represented the major exporter of iron or steel cans in Eastern Asia, making up X% of total export.

China was also the fastest-growing in terms of the iron or steel cans exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest iron or steel can supplier in Eastern Asia.

In China, iron or steel can exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a resilient expansion 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, iron or steel can export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Iron or Steel Cans

Imports in Eastern Asia

In 2022, the amount of iron or steel cans imported in Eastern Asia fell significantly to X units, waning by X% compared with the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel can imports reduced to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units) and Hong Kong SAR (X units) represented roughly X% of total imports in 2022. It was distantly followed by South Korea (X units), constituting a X% share of total imports. Japan (X units) and Macao SAR (X units) held a minor share 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 more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel cans in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (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 unit, picking up by X% against the previous year. Import price indicated a noticeable 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, iron or steel can import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Macao SAR ($X per unit) 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.

Source: IndexBox Platform

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