Asia-Pacific: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Asia-Pacific

The Asia-Pacific cold-rolled steel products market rose rapidly to $X in 2022, surging by 7.8% against the previous year. Overall, consumption showed a mild contraction. The growth pace was the most rapid in 2017 when the market value increased by 9.8% against the previous year. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cold-Rolled Steel Products Production in Asia-Pacific

In value terms, cold-rolled steel products production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then reduced in the following year.

Cold-Rolled Steel Products Exports

Exports in Asia-Pacific

In 2022, overseas shipments of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 14% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +3.9% 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 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, cold-rolled steel products exports soared to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 77%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Australia (X tons), China (X tons), South Korea (X tons) and Japan (X tons), together accounting for 84% of total export. It was distantly followed by Taiwan (Chinese) (X tons), comprising a 7.3% share of total exports. Indonesia (X tons) and India (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +39.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest cold-rolled steel products supplier in Asia-Pacific, comprising 38% of total exports. The second position in the ranking was held by Australia ($X), with a 17% share of total exports. It was followed by Japan, with a 14% share.

In China, cold-rolled steel products exports expanded at an average annual rate of +11.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+45.1% per year) and Japan (-1.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the export price increased by 22% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the other leaders experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports in Asia-Pacific

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were imported in Asia-Pacific; remaining relatively unchanged against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), India (X tons), Japan (X tons), South Korea (X tons), Malaysia (X tons) and Vietnam (X tons) were the major importers of flat-rolled products of iron or steel (not further worked than cold-rolled), together constituting 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +3.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported flat-rolled products of iron or steel (not further worked than cold-rolled) in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total imports. It was followed by India, with a 10% share.

In China, cold-rolled steel products imports increased at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+3.4% per year) and India (+3.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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