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 expanded to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Non-Alloy Steel I-Sections Production in Eastern Asia

In value terms, non-alloy steel i-sections production expanded notably to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Non-Alloy Steel I-Sections Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in shipments abroad of i-sections of non-alloy steel, which increased by X% to X tons in 2023. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, non-alloy steel i-sections exports rose to $X in 2023. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) represented the major exporter of i-sections of non-alloy steel, generating X% of total exports. It was distantly followed by Japan (X tons), making up an X% share of total exports. The following exporters - Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.), Hong Kong SAR (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

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 Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then fell markedly 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) ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the export price figures.

Non-Alloy Steel I-Sections Imports

Imports in Eastern Asia

In 2023, supplies from abroad of i-sections of non-alloy steel decreased by X% to X tons, falling for the third year in a row after four years of growth. Total imports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports dropped sharply to $X in 2023. Overall, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then declined markedly in the following year.

Imports by Country

Hong Kong SAR represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Japan (X tons) held the second position in the ranking, followed by China (X tons) and South Korea (X tons). All these countries together held approx. X% share of total imports. The following importers - Macao SAR (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

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 2023. At the same time, Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%), China (X%), Taiwan (Chinese) (X%) and Macao SAR (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Macao SAR, South Korea and China saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

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 Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Hong Kong SAR stood at X%. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, 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