Asia: Forged Metal Articles Market 2020

Forged Metal Articles Market Size in Asia

The revenue of the forged metal articles market in Asia amounted to $X in 2017, waning by -X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Over the period under review, the forged metal articles market reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Forged Metal Articles Production in Asia

In 2017, forged metal articles production in Asia totaled X tons, surging by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Over the period under review, the forged metal articles production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Forged Metal Articles Exports in Asia

In 2017, forged metal articles exports in Asia amounted to X tons, rising by X% against the previous year. The total exports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged metal articles exports increased by +X% against 2009 indices. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. In that year, the forged metal articles exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, forged metal articles exports amounted to $X in 2017. The total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Forged Metal Articles Exports by Country in Asia

In 2017, China (X tons) represented the major exporter for forged or stamped articles of iron or steel, committing X% of total exports. It was distantly followed by India (X tons), achieving X% share of total exports. The following exporters - South Korea (X tons) and Turkey (X tons) each amounted to a X% share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, India (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Turkey experienced a relatively flat trend pattern. While the share of India (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest forged metal articles supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, forged metal articles exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and South Korea (+X% per year).

Forged Metal Articles Export Prices by Country in Asia

In 2017, the forged metal articles export price in Asia amounted to $X per ton, dropping by -X% against the previous year. The forged metal articles export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. Over the period under review, the export prices for forged or stamped articles of iron or steel attained its maximum level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Forged Metal Articles Imports in Asia

In 2017, approx. X tons of forged or stamped articles of iron or steel were imported in Asia; surging by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014, with an increase of X% year-to-year. In that year, the forged metal articles imports attained their peak volume of X tons. From 2015 to 2017, growth of the forged metal articles imports failed to regain its momentum.

In value terms, forged metal articles imports totaled $X in 2017. The total imports indicated a moderate expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged metal articles imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Forged Metal Articles Imports by Country in Asia

In 2017, China (X tons) and Indonesia (X tons) were the main importers of forged or stamped articles of iron or steel in the globe, together comprising X% of total imports. Malaysia (X tons) ranks second in terms of the global imports with a X% share, followed by Kazakhstan (X%), South Korea (X%) and India (X%). Japan (X tons), the Philippines (X tons), Saudi Arabia (X tons), Turkey (X tons), Thailand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported forged or stamped articles of iron or steel in Asia, making up X% of global imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Malaysia (-X% per year).

Forged Metal Articles Import Prices by Country in Asia

In 2017, the forged metal articles import price in Asia amounted to $X per ton, going down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, when the import prices increased by X% y-o-y. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform