Asia: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Asia

In 2021, the Asian silicon-electrical steel flat-rolled product market decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.6% against 2012 indices. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Asia

In value terms, silicon-electrical steel flat-rolled product production contracted to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +82.3% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 16%. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Asia

In 2021, shipments abroad of flat-rolled products of silicon-electrical steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the four major exporters of flat-rolled products of silicon-electrical steel, namely China, Taiwan (Chinese), South Korea and Japan, represented more than two-thirds of total export. It was distantly followed by Turkey (X tons), comprising a 6.8% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +77.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, together comprising 73% of total exports. These countries were followed by Taiwan (Chinese), Turkey and Vietnam, which together accounted for a further 23%.

Turkey, with a CAGR of +67.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 33% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in Asia

After three years of decline, overseas purchases of flat-rolled products of silicon-electrical steel increased by 38% to X tons in 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons), Turkey (X tons) and China (X tons) represented the main importer of flat-rolled products of silicon-electrical steel in Asia, making up 63% of total import. It was distantly followed by Thailand (X tons), generating an 8.1% share of total imports. South Korea (X tons), Vietnam (X tons), Japan (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product importing markets in Asia were Turkey ($X), India ($X) and China ($X), with a combined 62% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +16.6%, recorded the highest growth rate of the value of imports, 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 Asia stood at $X per ton in 2021, surging by 39% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :