China - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in China - 2023
Contents:
- Price for Steel and Iron Articles in China (FOB) - 2023
- Price for Steel and Iron Articles in China (CIF) - 2023
- Exports of Steel and Iron Articles in China
- Imports of Steel and Iron Articles in China
Price for Steel and Iron Articles in China (FOB) - 2023
In September 2023, the average steel and iron articles export price amounted to $3,746 per ton, picking up by 3.5% against the previous month. Over the period under review, the export price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 13% month-to-month. As a result, the export price attained the peak level of $4,788 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Malaysia ($5,971 per ton), while the average price for exports to South Korea ($2,624 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Steel and Iron Articles in China (CIF) - 2023
In September 2023, the average steel and iron articles import price amounted to $15,520 per ton, shrinking by -4.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 37% m-o-m. As a result, import price reached the peak level of $16,974 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($66,503 per ton), while the price for Vietnam ($2,202 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel and Iron Articles in China
In 2022, approx. 3.2M tons of articles of iron or steel were exported from China; with an increase of 5.7% against the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, steel and iron articles exports surged to $13.6B in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Steel and Iron Articles in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,452 | 1,661 | 2,506 | 2,852 | 25.2% |
| Japan | 576 | 583 | 820 | 886 | 15.4% |
| South Korea | 252 | 357 | 591 | 660 | 37.8% |
| Australia | 268 | 319 | 481 | 619 | 32.2% |
| Germany | 329 | 336 | 524 | 572 | 20.2% |
| Malaysia | 195 | 223 | 410 | 514 | 38.1% |
| Thailand | 134 | 200 | 358 | 421 | 46.5% |
| Vietnam | 176 | 285 | 384 | 404 | 31.9% |
| Philippines | 91.2 | 141 | 402 | 381 | 61.1% |
| India | 146 | 122 | 173 | 346 | 33.3% |
| United Kingdom | 232 | 257 | 376 | 307 | 9.8% |
| Canada | 209 | 248 | 284 | 306 | 13.6% |
| Netherlands | 189 | 198 | 327 | 306 | 17.4% |
| Others | 2,641 | 2,886 | 4,108 | 5,035 | 24.0% |
| Total | 6,888 | 7,816 | 11,744 | 13,608 | 25.5% |
Top Export Markets for Steel and Iron Articles from China in 2022:
- United States (639.0K tons)
- Japan (247.8K tons)
- South Korea (186.3K tons)
- Australia (134.9K tons)
- Germany (134.4K tons)
- Thailand (106.6K tons)
- Vietnam (88.4K tons)
- Netherlands (76.5K tons)
- Malaysia (76.2K tons)
- India (72.7K tons)
- Philippines (71.6K tons)
- Canada (65.5K tons)
- United Kingdom (61.7K tons)
Imports of Steel and Iron Articles in China
Steel and iron articles imports into China reached 141K tons in 2022, with an increase of 11% against the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, steel and iron articles imports declined slightly to $2B in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports attained the peak of $2B, leveling off in the following year.
| Import of Steel and Iron Articles in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 406 | 357 | 414 | 411 | 0.4% |
| Germany | 359 | 287 | 334 | 308 | -5.0% |
| United States | 285 | 233 | 267 | 281 | -0.5% |
| South Korea | 254 | 204 | 183 | 179 | -11.0% |
| France | 72.0 | 52.9 | 65.9 | 67.1 | -2.3% |
| Italy | 53.7 | 54.2 | 64.6 | 65.9 | 7.1% |
| Denmark | 20.9 | 16.4 | 30.7 | 30.0 | 12.8% |
| Malaysia | 19.2 | 12.4 | 29.2 | 28.6 | 14.2% |
| India | 14.9 | 22.4 | 22.8 | 20.5 | 11.2% |
| Thailand | 14.4 | 16.2 | 19.6 | 16.1 | 3.8% |
| Spain | 19.0 | 13.0 | 21.5 | 15.9 | -5.8% |
| Taiwan (Chinese) | 112 | N/A | N/A | N/A | 0% |
| Others | 308 | 459 | 527 | 549 | 21.2% |
| Total | 1,939 | 1,728 | 1,980 | 1,971 | 0.5% |
Top Suppliers of Steel and Iron Articles to China in 2022:
- Japan (27.2K tons)
- South Korea (25.1K tons)
- Germany (14.9K tons)
- Italy (5.0K tons)
- United States (5.0K tons)
- Denmark (2.8K tons)
- Thailand (1.9K tons)
- France (1.8K tons)
- India (1.7K tons)
- Spain (1.6K tons)
- Malaysia (1.5K tons)
This report provides an in-depth analysis of the market for steel and iron articles in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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