Asia: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in Asia

In 2021, the Asian hot-dipped metal-coated sheet market decreased by -0.4% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Asia

In value terms, hot-dipped metal-coated sheet production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Asia

In 2021, shipments abroad of hot-dipped metal-coated sheet increased by 43% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +5.9% 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, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which amounted to 46% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 15% share, followed by South Korea (14%), Japan (6.2%), India (5.7%) and Taiwan (Chinese) (5.3%). Vietnam (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Turkey (+30.3%), Vietnam (+16.3%) and South Korea (+1.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +30.3% from 2012-2021. India and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-7.2%) illustrated a downward trend over the same period. While the share of China (+13 p.p.), Turkey (+12 p.p.) and Vietnam (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-3.4 p.p.), Taiwan (Chinese) (-3.4 p.p.), South Korea (-5.8 p.p.) and Japan (-14 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest hot-dipped metal-coated sheet supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by South Korea, with a 15% share.

In China, hot-dipped metal-coated sheet exports expanded at an average annual rate of +12.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+34.0% per year) and South Korea (+3.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in India ($X per ton) and Turkey ($X per ton), while Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the other leaders experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports in Asia

After two years of decline, overseas purchases of hot-dipped metal-coated sheet increased by 7.4% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 9.2%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern 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, Thailand (X tons), followed by South Korea (X tons), China (X tons), Turkey (X tons), Japan (X tons), the Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) represented the major importers of hot-dipped metal-coated sheet, together creating 68% of total imports. The following importers - Malaysia (X tons), India (X tons), Israel (X tons), the United Arab Emirates (X tons) and Pakistan (X tons) - together made up 15% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. Turkey, Japan, the Philippines, Indonesia, Malaysia, Vietnam, India, Israel, the United Arab Emirates and Pakistan lagged somewhat behind, together comprising a further 46%.

The Philippines, with a CAGR of +19.5%, recorded the highest growth rate of the value of imports, among 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 Asia stood at $X per ton in 2021, with an increase of 37% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import 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 importing countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :