ASEAN: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in ASEAN

The ASEAN mill rolling roll market expanded remarkably to $X in 2022, growing by 6.9% against the previous year. Overall, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mill Rolling Roll Production in ASEAN

In value terms, mill rolling roll production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 95,585%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports in ASEAN

Mill rolling roll exports skyrocketed to X units in 2022, with an increase of 20% against the previous year. Over the period under review, exports posted measured growth. The growth pace was the most rapid in 2015 when exports increased by 42%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mill rolling roll exports rose markedly to $X in 2022. In general, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, amounting to X units, which was approx. 92% of total exports in 2022. It was distantly followed by Malaysia (X units), generating a 5.5% share of total exports. Singapore (X units) took a little share of total exports.

Thailand was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of +3.7% from 2012 to 2022. At the same time, Singapore (+2.4%) displayed positive paces of growth. By contrast, Malaysia (-9.6%) illustrated a downward trend over the same period. While the share of Thailand (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-13 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest mill rolling roll supplier in ASEAN, comprising 73% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports.

In Thailand, mill rolling roll exports decreased by an average annual rate of -3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-2.6% per year) and Malaysia (-9.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, reducing by -10.8% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2018 when the export price increased by 82%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.0%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in ASEAN

After two years of decline, supplies from abroad of rolls for rolling mills increased by 5.5% to X units in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 38% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports soared to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Thailand (X units) was the main importer of rolls for rolling mills, generating 50% of total imports. It was distantly followed by Vietnam (X units), Indonesia (X units) and Malaysia (X units), together creating a 40% share of total imports. Myanmar (X units), Lao People's Democratic Republic (X units) and the Philippines (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +84.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 89% of total imports. Malaysia, the Philippines, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 9.6%.

Lao People's Democratic Republic, with a CAGR of +69.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform