Asia-Pacific: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Asia-Pacific

The Asia-Pacific flat-rolled steel coils market reduced to $X in 2023, stabilizing at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Flat-Rolled Steel Coils Production in Asia-Pacific

In value terms, flat-rolled steel coils production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Flat-Rolled Steel Coils Exports

Exports in Asia-Pacific

In 2023, the amount of flat-rolled steel in coils exported in Asia-Pacific surged to X tons, jumping by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flat-rolled steel coils exports expanded remarkably to $X in 2023. Total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and India (X tons) represented the key exporters of flat-rolled steel in coils, together making up X% of total exports. Vietnam (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel coils supplying countries in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Taiwan (Chinese), India and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then reduced rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while China ($X per ton) and Japan ($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 more modest paces of growth.

Flat-Rolled Steel Coils Imports

Imports in Asia-Pacific

After three years of decline, supplies from abroad of flat-rolled steel in coils increased by X% to X tons in 2023. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, flat-rolled steel coils imports declined to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Vietnam (X tons), distantly followed by Thailand (X tons), South Korea (X tons), India (X tons), Malaysia (X tons), Japan (X tons), Indonesia (X tons) and China (X tons) represented the major importers of flat-rolled steel in coils, together achieving X% of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel coils importing markets in Asia-Pacific were Vietnam ($X), Thailand ($X) and South Korea ($X), together comprising X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Vietnam ($X per ton), while India ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform