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

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

In 2021, the Asia-Pacific silicon-electrical steel flat-rolled product market decreased by -5.4% to $X for the first time since 2011, thus ending a nine-year rising trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.5% against 2012 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

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

In value terms, silicon-electrical steel flat-rolled product production contracted slightly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.2% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Asia-Pacific

In 2021, shipments abroad of flat-rolled products of silicon-electrical steel was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports soared to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. 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. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 77% share of total exports. These countries were followed by Taiwan (Chinese) and Vietnam, which together accounted for a further 19%.

Vietnam, with a CAGR of +33.2%, saw the highest rates of growth with regard to 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

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 35% against the previous year. Over the period under review, the export price continues to indicate 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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-Pacific

In 2021, after three years of decline, there was significant growth in overseas purchases of flat-rolled products of silicon-electrical steel, when their volume increased by 24% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) and China (X tons) were the main importers of flat-rolled products of silicon-electrical steel in 2021, resulting at approx. 34% and 23% of total imports, respectively. Thailand (X tons) ranks next in terms of the total imports with an 11% share, followed by South Korea (5%), Vietnam (5%) and Japan (4.8%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Japan (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, together comprising 65% of total imports. These countries were followed by Vietnam, South Korea, Japan and Malaysia, which together accounted for a further 19%.

Among the main importing countries, Japan, with a CAGR of +11.3%, recorded the highest rates of growth with regard to 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-Pacific stood at $X per ton in 2021, with an increase of 36% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Japan ($X per ton), while China ($X per ton) and Malaysia ($X per ton) were 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) :