Eastern Asia: Expanded Metal Market 2024

Expanded Metal Market Size in Eastern Asia

After seven years of growth, the East Asian expanded metal market decreased by X% to $X in 2022. The total consumption indicated a notable increase from 2012 to 2022: its value 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. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Expanded Metal Production in Eastern Asia

In value terms, expanded metal production fell to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value 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, production increased by X% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021, and then contracted modestly in the following year.

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Expanded Metal Exports

Exports in Eastern Asia

In 2022, overseas shipments of iron or steel expanded metal increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded metal exports skyrocketed to $X in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the iron or steel expanded metal exports, with a CAGR of X% from 2012 to 2022. South Korea (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 South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest expanded metal supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Expanded Metal Imports

Imports in Eastern Asia

In 2022, approx. X tons of iron or steel expanded metal were imported in Eastern Asia; reducing by X% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, expanded metal imports fell significantly to $X in 2022. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) represented the main importers of iron or steel expanded metal in 2022, reaching approx. X% and X% of total imports, respectively. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). Democratic People's Republic of Korea (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel expanded metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. 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 amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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