Eastern Asia: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Eastern Asia

The East Asian non-alloy steel i-sections market contracted slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel I-Sections Production in Eastern Asia

In value terms, non-alloy steel i-sections production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports in Eastern Asia

In 2022, shipments abroad of i-sections of non-alloy steel increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a strong expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, non-alloy steel i-sections exports surged to $X in 2022. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the key exporter of i-sections of non-alloy steel, committing X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports. The following exporters - Hong Kong SAR (X tons) and South Korea (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the i-sections of non-alloy steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-alloy steel i-sections supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a modest 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, non-alloy steel i-sections export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while Hong Kong SAR ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports in Eastern Asia

In 2022, purchases abroad of i-sections of non-alloy steel decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-alloy steel i-sections imports rose modestly to $X in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Hong Kong SAR was the largest importer of i-sections of non-alloy steel in Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), Macao SAR (X%) and Japan (X%).

Hong Kong SAR was also the fastest-growing in terms of the i-sections of non-alloy steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Macao SAR (X%) and Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%) and China (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Japan, South Korea and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported i-sections of non-alloy steel in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($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 rate of growth in terms of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a modest 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, non-alloy steel i-sections import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) 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

Frequently Asked Questions (FAQ) :