Asia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Asia

In 2022, the Asian mill rolling roll market decreased by -11.8% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a mild shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mill Rolling Roll Production in Asia

In value terms, mill rolling roll production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Mill Rolling Roll Exports

Exports in Asia

In 2022, exports of rolls for rolling mills in Asia surged to X units, rising by 24% compared with 2021 figures. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, mill rolling roll exports soared to $X in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. The level of export peaked 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, recording X units, which was near 80% of total exports in 2022. It was distantly followed by India (X units), achieving a 9% share of total exports. The following exporters - South Korea (X units), Japan (X units), Thailand (X units) and Georgia (X units) - each accounted for an 8.1% share of total exports.

Exports from China increased at an average annual rate of +10.1% from 2012 to 2022. At the same time, Georgia (+501.2%), India (+7.8%), Thailand (+3.7%) and South Korea (+2.0%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +501.2% from 2012-2022. By contrast, Japan (-6.5%) illustrated a downward trend over the same period. China (+11 p.p.) and Georgia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -2.1% and -8.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mill rolling roll supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by South Korea, with an 11% share.

In China, mill rolling roll exports expanded 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 stood at $X per unit in 2022, shrinking by -5.2% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Georgia ($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

In 2022, approx. X units of rolls for rolling mills were imported in Asia; increasing by 6% against the previous year. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports amounted to $X in 2022. Overall, imports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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 resulting at 56% of total import. China (X units) held the next position in the ranking, followed by South Korea (X units) and Turkey (X units). All these countries together held near 17% share of total imports. Nepal (X units), Indonesia (X units), Bangladesh (X units), Japan (X units), the United Arab Emirates (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 47% share of total imports. Taiwan (Chinese), Indonesia, China, Thailand, Vietnam, Japan, Bangladesh, the United Arab Emirates, Malaysia and Nepal lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, Vietnam, with a CAGR of +10.5%, 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 stood at $X per unit in 2022, falling by -5.2% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mill rolling roll import price increased by +3.9% against 2020 indices. The growth pace was the most rapid in 2013 when the import price increased by 66%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Turkey ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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