Asia-Pacific: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Asia-Pacific

In 2022, the Asia-Pacific mill rolling roll market decreased by -12.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Production in Asia-Pacific

In value terms, mill rolling roll production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 38%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Mill Rolling Roll Exports

Exports in Asia-Pacific

In 2022, the amount of rolls for rolling mills exported in Asia-Pacific soared to X units, jumping by 21% on the year before. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 84% of total exports in 2022. It was distantly followed by India (X units), constituting a 9.3% share of total exports. South Korea (X units), Japan (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of +10.1% from 2012 to 2022. At the same time, India (+7.8%), Thailand (+3.7%) and South Korea (+2.0%) displayed positive paces of growth. By contrast, Japan (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mill rolling roll supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports. It was followed by South Korea, with a 12% share.

In China, mill rolling roll exports increased at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.9% per year) and South Korea (-3.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, with a decrease of -3.4% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in Asia-Pacific

In 2022, approx. X units of rolls for rolling mills were imported in Asia-Pacific; surging by 3.6% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +16.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports reduced to $X in 2022. Over the period under review, imports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2018 when imports increased by 33%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of mill rolling roll imports in 2022 were Thailand (X units), India (X units), Taiwan (Chinese) (X units) and Vietnam (X units), together accounting for 62% of total import. China (X units) ranks next in terms of the total imports with a 7% share, followed by South Korea (7%) and Nepal (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mill rolling roll importing markets in Asia-Pacific were India ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 53% share of total imports. China, Thailand, Vietnam and Nepal lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, Vietnam, with a CAGR of +10.5%, saw 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-Pacific stood at $X per unit in 2022, shrinking by -5.7% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 6.2% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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