China: Extruded Rod Market 2022

Extruded Rod Market Size in China

The Chinese extruded rod market expanded to $X in 2021, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in China

In value terms, extruded rod production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Extruded Rod Exports

Exports from China

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, extruded rod exports soared to $X in 2021. Overall, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), the United Arab Emirates (X tons) and Russia (X tons) were the main destinations of extruded rod exports from China, with a combined X% share of total exports. India, the United States, Vietnam, Turkey, Kazakhstan, the Netherlands, Malaysia, Kenya, Israel and Saudi Arabia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for extruded rod exports from China, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and the United States (+X% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into China

In 2021, after three years of decline, there was significant growth in purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber, when their volume increased by X% to X tons. Overall, imports, however, saw a abrupt contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports surged to $X in 2021. In general, imports, however, faced a abrupt contraction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Sri Lanka (X tons) were the main suppliers of extruded rod imports to China, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of extruded rod to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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