China - Flat-Rolled Products Of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicon-Electrical Steel Flat-Rolled Product Prices in China
China Silicon-Electrical Steel Flat-Rolled Product Export Price in September 2022
In September 2022, the silicon-electrical steel flat-rolled product price stood at $2,021 per ton (FOB, China), which is down by -9.1% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in July 2022 when the average export price increased by 8.7% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,223 per ton in August 2022, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($3,502 per ton), while the average price for exports to Italy ($955 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
China Silicon-Electrical Steel Flat-Rolled Product Export Prices by Type
As there is only one major exported type of silicon-electrical steel flat-rolled product, the average price level is determined by prices for steel, alloy.
From January 2022 to September 2022, the rate of growth in terms of prices for steel, alloy; flat-rolled, width 600mm or more, of silicon-electrical steel, grain-oriented amounted to +4.9% per month.
China Silicon-Electrical Steel Flat-Rolled Product Exports
In September 2022, overseas shipments of flat-rolled products of silicon-electrical steel decreased by -1.4% to 106K tons, falling for the third consecutive month after two months of growth. Overall, exports continue to indicate a mild descent. The growth pace was the most rapid in May 2022 when exports increased by 50% month-to-month. The exports peaked at 143K tons in June 2022; however, from July 2022 to September 2022, the exports failed to regain momentum.
In value terms, silicon-electrical steel flat-rolled product exports contracted to $214M (IndexBox estimates) in September 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 with an increase of 52% month-to-month. The exports peaked at 278K tons in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
China Silicon-Electrical Steel Flat-Rolled Product Exports by Type
Steel, alloy (2.3K tons) was the largest type of silicon-electrical steel flat-rolled product exported from China, with a approximately 100% share of total exports.
From January 2022 to September 2022, the average monthly growth rate of the volume of export of steel, alloy amounted to +13.1%.
In value terms, steel, alloy ($7.6M) emerged as the largest type of silicon-electrical steel flat-rolled product exported from China.
From January 2022 to September 2022, the average monthly growth rate of the export volume of steel, alloy stood at +14.9%.
China Silicon-Electrical Steel Flat-Rolled Product Exports by Country
Mexico (22K tons), Italy (21K tons) and India (11K tons) were the main destinations of silicon-electrical steel flat-rolled product exports from China, together accounting for 51% of total exports. South Korea, the United Arab Emirates, Thailand, Saudi Arabia, Turkey, Vietnam, Belgium, Brazil, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 39%.
From January 2022 to September 2022, the biggest increases were in Thailand (with a CAGR of +9.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($43M), India ($28M) and South Korea ($21M) appeared to be the largest markets for silicon-electrical steel flat-rolled product exported from China worldwide, together comprising 43% of total exports. Italy, Saudi Arabia, Vietnam, the United Arab Emirates, Thailand, Turkey, Taiwan (Chinese), Belgium, the United States and Brazil lagged somewhat behind, together accounting for a further 43%.
Thailand, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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
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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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